A sum of Rs. 550 was taken as a loan. This is to be repaid in two equa – McqOptions

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1.	A sum of Rs. 550 was taken as a loan. This is to be repaid in two equal annual instalments. if the rate of interested be 20% compound annually then the value of each instalment is ?
A.	Rs. 421
B.	Rs. 396
C.	Rs. 360
D.	Rs. 350
Answer» D. Rs. 350

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