alleryStart learning →A loan is cleared by two equal yearly instalments of Rs 1,210 at 10% CI. Loan amount?
ARs 2,100
BRs 2,000
CRs 2,200
DRs 2,420
Answer & Solution
Correct answer: A. Rs 2,100
1210/1.1 + 1210/1.21 = 1,100 + 1,000 = 2,100.
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