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
C. Rs. 1,632
D. Rs. 1,602
Answer: Option B
This Question Belongs to Arithmetic Ability >> Compound Interest
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