A loan of Rs. 8.400 is to be paid back in two equal annual instalments. If the interest charged is 10% per annum. then each instalment is:

A loan of Rs. 8.400 is to be paid back in two equal annual instalments

1.	A loan of Rs. 8.400 is to be paid back in two equal annual instalments. If the interest charged is 10% per annum. then each instalment is:
A.	Rs. 4,800
B.	Rs. 4,820
C.	Rs. 4,840
D.	Rs. 4,880
Answer» D. Rs. 4,880

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A loan of Rs. 8.400 is to be paid back in two equal annual instalments. If the interest charged is 10% per annum. then each instalment is:

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