Mohit borrowed Rs. 22000 at 5% simple interest repayable in 5 equal in – McqOptions

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1.	Mohit borrowed Rs. 22000 at 5% simple interest repayable in 5 equal installments. What will be the annual installment payable by him?
A.	Rs 4800
B.	Rs 5500
C.	Rs 4600
D.	Rs 500
Answer» D. Rs 500

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