Question -
Amit gave his friend Rs. 11000. This loan was to be repaid in 3 yearly installments with a rate of interest of 20% compounded annually. How much would be the value of each installment?
Options:
A .  Rs. 3666.67
B .  Rs. 5221.97
C .  Rs. 5000
D .  Rs. 4528.69
Answer: Option B NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
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