BANK IDBI JAM Grade "O" Mock Test 2025 (New) Quantitative Aptitude Interest Installments

A sum of Rs. 9960 was borrowed at 7.5% per annum compound interest and paid back in 2 years in two equal annual instalments. What was the amount of each instalment?

1

Rs. 5546

2

Rs. 5547

3

Rs. 5548

4

Rs. 5549

5

Rs. 5550

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