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A took a loan from B of Rs. 960 at 6% on...

A took a loan from B of Rs. 960 at 6% on a condition that he would pay it in 4 yearly installments. Out of which first 3 intallment would be `(1)/(4)` of the principal and the rest amount would be paid in last installment. Find the amount paid by A in the last installment.

A

Rs.384

B

Rs.344

C

Rs.424

D

Rs.464

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The correct Answer is:
A
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