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Question 41Asked in CIL MT Systems, 27 Feb 2020 (8:00 AM)

A loan has to be returned in two equal yearly instalments each of Rs. 42135. If the rate of interest is 6% p.a., compounded annually, then the total…

A loan has to be returned in two equal yearly instalments each of Rs. 42135. If the rate of interest is 6% p.a., compounded annually, then the total interest paid (in Rs.) is:
  1. A7700
  2. B7020
  3. C7550
  4. D8000
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Correct answer: (B) 7020

From CIL MT Systems PYQ, 27 Feb 2020 (8:00 AM)

This is question 41 of CIL MT Systems PYQ, 27 Feb 2020 (8:00 AM). See all questions of this paper with answers, or attempt the paper as a timed online test to get your score and all-India rank.