A loan is to be returned in two equal yearly instalments. If the rate of interest is 10% p.a., compounded annually, and each instalment is Rs. 5,808, then the total interest charged in this scheme is:

A loan is to be returned in two equal yearly instalments. If the rate

1.	A loan is to be returned in two equal yearly instalments. If the rate of interest is 10% p.a., compounded annually, and each instalment is Rs. 5,808, then the total interest charged in this scheme is:
A.	Rs. 1,536
B.	Rs. 1,632
C.	Rs. 1,602
D.	Rs. 1,563
Answer» B. Rs. 1,632

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A loan is to be returned in two equal yearly instalments. If the rate of interest is 10% p.a., compounded annually, and each instalment is Rs. 5,808, then the total interest charged in this scheme is:

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