Quantitative Aptitude Interest Installments

A person borrowed ₹2,000 at 5% annual simple interest repayable in 3 equal annual installments. What will be the annual installment?

1

₹730\(\frac{10}{63}\)

2

₹840\(\frac{9}{61}\)

3

₹640\(\frac{11}{63}\)

4

₹250\(\frac{10}{63}\)

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