A loan of Rs. 12300 at 5%per annum compound interest, is to be repaid in two equal annual installments at the end of every year. Find the amount of each installment ?

A loan of Rs. 12300 at 5%per annum compound interest, is to be repaid

1.	A loan of Rs. 12300 at 5%per annum compound interest, is to be repaid in two equal annual installments at the end of every year. Find the amount of each installment ?
A.	s. 6651
B.	s. 6615
C.	s. 6516
D.	s. 6156
Answer» C. s. 6516

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A loan of Rs. 12300 at 5%per annum compound interest, is to be repaid in two equal annual installments at the end of every year. Find the amount of each installment ?

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