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CAT 2023 Set-2 | Quantitative Aptitude | Question: 13

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Anil borrows Rs $2$ lakhs at an interest rate of $8 \%$ per annum, compounded half-yearly. He repays Rs $10320$ at the end of the first year and closes the loan by paying the outstanding amount at the end of the third year. Then, the total interest, in rupees, paid over the three years is nearest to

  1. $33130$
  2. $40991$
  3. $51311$
  4. $45311$

     

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