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A sum of Rs. 390200 is to paid back in t...

A sum of Rs. 390200 is to paid back in three equal annual installments . How much is each instalment , if the rate of interest charged is 4% per annum compounded annually ?

A

₹ 140608

B

₹ 120560

C

₹ 10000

D

₹ 18000

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The correct Answer is:
A
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