Rahul take a loan of sum Rs.550.This is to be repaid in two equal annual installments. If the rate of interest be 20% compounded annually,then find the value of each installment?  Select the correct option.
A) 360  B) 420  C) 230  D) 540  E) 610
Let the value of each installment be Rs.x   [x/(1+(20/100))]+[x/(1+(20/100))2]=550   (100x/120)+(10000x/14400)=550   (5x/6)+(25x/36)=550   x=360   Option 360
<result>A</result>
Rahul take a loan of sum Rs.550.This is to be repaid in two equal annual installments. If the rate of interest be 20% compounded annually,then find the value of each installment?