Quantitative Aptitude Interest Installments

Rashid borrowed a sum of Rs. 30,240 at 10% p.a., interest compounded annually. If the amount is to be paid back in two equal annual installments, then the interest paid by him is: 

1
Rs. 4,608 
2
Rs. 4,590 
3
Rs. 4,518 
4
Rs. 4,600 

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