Q144
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 if Rs. 5,808, then the total interest charged in this scheme is:
A.
Rs. 1,563
B.
Rs. 1,536
AnswerC.
Rs. 1,632
D.
Rs. 1,602
Answer: Option B
Solution
Answer: Option B
Solution: