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A man borrows Rs. 21000 at 10% compound ...

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

A

`Rs. 12000`

B

`Rs. 12100`

C

`Rs. 12200`

D

`Rs. 12300`

Text Solution

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The correct Answer is:
B
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