Compound Interest - Quantitative Aptitude (MCQ) questions for Q. 28521

Q.  Amit gave his friend Rs. 11000. This was to be repaid in 2 yearly installments with a rate of interest of 20% compounded annually. How much would be the value of each installment?
- Published on 15 Mar 17

a. Rs. 7200
b. Rs. 8200
c. Rs. 5500
d. Rs. 6400

ANSWER: Rs. 7200
 
compound interest

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