Akbar borrows some amount of money from a bank at the rate of 20% per annum compounded annually and he pays back the amount by the end of three years in three equal installments of Rs. 21600. If he supposed to pay the interest after three years then what would be the loss bear by him?

1
Rs. 12564
2
Rs. 14424
3
Rs. 13824
4
Rs. 15264

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