Kamal took 6800 as a loan which along with interest is to be repaid in – McqOptions

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1.

Kamal took 6800 as a loan which along with interest is to be repaid in two equal
annual instalments. If the rate of interest is 12 1 %, compounded annually, then the
2
value of each instalment is

A.

8100

B.

4150

C.

4050

D.

4000

Answer» D. 4000

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