A sum of Rs 210 was taken as a loan. This is to be paid back in two equal instal

Question

A sum of Rs 210 was taken as a loan. This is to be paid back in two equal installments. If the rate of interest be 10% compounded annually, then the value of each installment is = ?

Options:

A . Rs. 127

B . Rs. 121

C . Rs. 210

D . Rs. 225

Answer: Option B

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