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A man took some loan from a bank at the ...

A man took some loan from a bank at the rate of 8% compound interest per annum and he repayed the whole amount of the loan by paying ₹50000 and ₹62640 at the end of first year and second year, respectively. The sum of the loan (In ₹) was :

A

₹ 150,000

B

₹ 50,000

C

₹ 100,000

D

₹ 112,640

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