A sum of Rs. 1100 was taken as a loan. This is to be rapid in two equa – McqOptions

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1.	A sum of Rs. 1100 was taken as a loan. This is to be rapid in two equal instalments. If the rate of interest be 20% compounded annually, then the value of each instalment is ?
A.	Rs. 842
B.	Rs. 792
C.	Rs. 720
D.	Rs. 700
Answer» D. Rs. 700

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