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Aptitude · Q124

Compound Interest

Competitive Exams · Aptitude · question 124

Q124

Aman borrows Rs. 18,000 and undertakes to pay back with compound interest at a rate of 20% annually in two equal yearly instalments. The amount of each instalment is:

A.
Rs. 12,102.74
B.
Rs. 12,152.35
C.
Rs. 11,781.82
Answer
D.
Rs. 11,555.32

Answer: Option C

Solution

Answer: Option C
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