MPSC PYQAptitudeenglish

A certain loan was repaid in two equal and annual instalments of ₹ 4704 each. If the rate of compound interest was 12%, then the sum borrowed was

A.₹ 7500
B.₹ 8500
C.₹ 7000
D.₹ 7950

Correct answer: D

Source paper

MPSC Assistant Preliminary Examination 2011 (Set A) (English)

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