MCQ Practice

Surekha borrowed a sum of money and returned it in two equal instalments of Rs. 5,547 each. If the rate of interest was $$7frac{1}{2}% $$ p.a. compounded yearly, then the total interest paid by her was:

A

Rs. 1,144

B

Rs. 1,096

C

Rs. 1,126

D

Rs. 1,134

Correct Answer: D