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     EduGorilla 
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    Mr. Magnet got a loan of Rs. 21,000 at 10% simple interest. He repaid that loan in 24 equal monthly installments, each being paid at the end of every month starting from the next year; that means for the first year, he did not pay anything and for the next 2 years he paid the installments and cleared the loan exactly by the end of the third year. What was each installment he paid?

    Options :-

    1. Rs. 800
    2. Rs. 1,000
    3. Rs. 1,200
    4. RS. 1,100
    5. Rs. 100
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