Mathematics for FinancePYQ Jul 21Question 1449 of 422
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A loan of $₹ 1,02,000$ is to be paid back in two equal annual instalments. If the rate is $4\%$ p.a. compounded annually, then the total interest charged under this instalment plan is:

Options

A$6,160$
B$8,120$
C$6,980$
D$7,560$
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Correct Answer

Option a$6,160$

All Options:

  • A$6,160$
  • B$8,120$
  • C$6,980$
  • D$7,560$

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