A sum of Rs. P was borrowed and paid back in two equal yearly instalments, each of Rs. 35,280. If the rate of interest was 5% compounded annually, then the value of P is:

A sum of Rs. P was borrowed and paid back in two equal yearly instalme

1.	A sum of Rs. P was borrowed and paid back in two equal yearly instalments, each of Rs. 35,280. If the rate of interest was 5% compounded annually, then the value of P is:
A.	65,400
B.	64,400
C.	65,600
D.	64,800
Answer» D. 64,800

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A sum of Rs. P was borrowed and paid back in two equal yearly instalments, each of Rs. 35,280. If the rate of interest was 5% compounded annually, then the value of P is:

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