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
D. Rs. 11,555.32
Answer: Option C
This Question Belongs to Arithmetic Ability >> Compound Interest
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