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A sum of Rs 8,400 was taken as a loan. T...

A sum of Rs 8,400 was taken as a loan. This is to be paid in two equal instalments. If the rate of interest is 10% per annum, compounded annually, then the value of each instalment is

A

Rs 4,200

B

Rs 4,480

C

Rs 4,840

D

None of the above

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