A sum of money is paid back in two annual installments of ₹ 17,640 e – McqOptions

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1.	A sum of money is paid back in two annual installments of ₹ 17,640 each, allowing 5% compound interest compounded annually. The sum borrowed was
A.	₹ 32,000
B.	₹ 32,800
C.	₹ 32,400
D.	₹ 32,200
Answer» C. ₹ 32,400

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