A loan of Rs 8400 is to be paid in two equal half-yearly instalments, the interest being charged at 10% per annum compounded half-yearly. Find each instalment (approx.). Options: A . &nbspRs 4000 B . &nbspRs 4500 C . &nbspRs 5000 D . &nbspRs 5500

A loan of Rs 8400 is to be paid in two equal half-yearly instalments, the int

Question

A loan of Rs 8400 is to be paid in two equal half-yearly instalments, the interest being charged at 10% per annum compounded half-yearly. Find each instalment (approx.).

Options:

A . Rs 4000

B . Rs 4500

C . Rs 5000

D . Rs 5500

Answer: Option B

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