Aptitude Test for MBA students

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?

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


ANSWER: See Answer
 
No explanation is available for this question!
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