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Multiple choice

A man borrows Rs 2550 to be paid back with compound interest at the rate of 4% per annum by the end of 2 years in two equal yearly installments. How much will each installment be?

  1. Rs. 1275

  2. Rs. 1283

  3. Rs. 1352

  4. Rs. 1377

Reveal answer Fill a bubble to check yourself
D Correct answer

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  • Simple and Compound Interest (3394 questions)
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