A man, borrow Rs 21000 at 10%compound interest. How much he has to pay annually at the end of each year, to settle his loan in two years ?

A man, borrow Rs 21000 at 10%compound interest. How much he has to pay

1.	A man, borrow Rs 21000 at 10%compound interest. How much he has to pay annually at the end of each year, to settle his loan in two years ?
A.	s. 12000
B.	s. 12100
C.	s. 12200
D.	s. 12300
Answer» C. s. 12200

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A man, borrow Rs 21000 at 10%compound interest. How much he has to pay annually at the end of each year, to settle his loan in two years ?

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