A loan of Rs. 12300 at 5% per annum compound interest, is to be repaid – McqOptions

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1.	A loan of Rs. 12300 at 5% per annum compound interest, is to be repaid in two equal annual installments at the end of every year. Find the amount of each installment ?
A.	Rs. 6651
B.	Rs. 6615
C.	Rs. 6516
D.	Rs. 6156
Answer» B. Rs. 6615

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