A certain loan was returned in two equal half yearly installments each of Rs. 6760. If the rate of interest was 8% p.a. compounded yearly, how much was the interest paid on the loan?
A. Rs. 790
B. Rs. 770
C. Rs. 750
D. Rs. 810
Answer: Option B
Related Questions on Compound Interest
A. Rs. 120
B. Rs. 121
C. Rs. 122
D. Rs. 123
E. None of these
A. 625
B. 630
C. 640
D. 650
E. None of these
A. Rs. 2160
B. Rs. 3120
C. Rs. 3972
D. Rs. 6240
E. None of these
A. Rs. 2.04
B. Rs. 3.06
C. Rs. 4.80
D. Rs. 8.30
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