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1. |
A loan has to be returned in two equal yearly instalments each of Rs. 42135. If the rate of interest is 6% p.a compounded annually, then the total interest paid (in Rs.) is: |
A. | 7700 |
B. | 7550 |
C. | 7020 |
D. | 8000 |
Answer» D. 8000 | |