CAT 2018 Question Paper Shift 1 Solved Paper

John borrowed Rs. 2,10,000 from a bank at an interest rate of 10% per annum, compoundedannually. The loan was repaid in two equal instalments, the first after one year and the secondafter another year. The first instalment was interest of one year plus part of the principalamount, while the second was the rest of the principal amount plus due interest thereon. Theneach instalment, in Rs., is