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  9. Q222

RRB Group D (Level-1 posts) 2014 · Question 222 of 324

A sum of Rs 550 was taken as a loan. This is to be repaid in two equal annual installments. If the rate of interest be 20% compounded annually, then the value of each installment is

  1. ARs 396
  2. BRs 360Correct
  3. CRs 350
  4. DRs 421

Answer: B. Rs 360

Official answer key verified. Detailed explanation coming soon.

Source: Railway Group-D Questions – Gorakhpur (16 Nov 2014) · reliable-secondary

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