Solved UPSC CDS/OTA Question
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Q · InstallmentsDifficult · 45s
A person took a loan of Rs. 6000 for 3 years, at 5% per annum compound interest. He repaid Rs. 2100 in each of the first 2 years. The amount he should pay at the end of 3rd to clear all his debts is:
TopicInstallments
Question Typemultiple choice
DifficultyDifficult
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
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Final Answer: Option A - 2425.50