A certain loan was returned in two equal half yearly instalments each
| A certain loan was returned in two equal half yearly instalments each of Rs. 6.760. If the rate of interest was 8% p.A., compounded yearly, how much was the interest paid on the loan?
Note: For this question, discrepancy is found in question/answer. Full Marks is being awarded to all candidates.
A. Rs. 750
B. Rs. 770
C. Rs. 810
D. Rs. 790
Right Answer is: B
SOLUTION
Total amount Paid 
When compounded Half yearly 
Total principal 
Total Interest Paid 
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A certain loan was returned in two equal half yearly instalments each