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Rashmi Bharti

· started a discussion

· 1 Months ago

the given sum is 2550 and not 2250

Question:

A builder borrowed Rs.2550 which he has to return in two equal installment at the rate of 4% per annum compound interest in 2 years. The amount of each installment will be–  

Options:
A)

Rs.1352

B)

Rs.1377

C)

Rs.1275

D)

Rs.1283

Solution:

Ans: (a)


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