A sum of Rs. 9960 was borrowed at 15/2% per annum compound interest an – McqOptions

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1.	A sum of Rs. 9960 was borrowed at 15/2% per annum compound interest and paid back in two years in two equal annual installments. What was the amount of each installment?
A.	Rs. 5,345
B.	Rs. 5547
C.	Rs. 5847
D.	Rs. 5397
E.	None of these
Answer» C. Rs. 5847

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