A sum of 11000 was taken as loan. This is to be paid in two equal an – McqOptions

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1.	A sum of 11000 was taken as loan. This is to be paid in two equal annual installments. If the rate of interest be 20% compounded annually, then the value of each installment is
A.	7500
B.	7000
C.	7100
D.	7200
Answer» E.

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