Question

A sum of money is borrowed and paid back in two annual instalments of rs. 882 each allowing 5% compound interest. The sum borrowed was:

Answer 1

Explanation:

21. A sum of money is borrowed and paid back in two annual instalments of Rs. 882 each allowing 5% compound interest. The sum borrowed was:

A. Rs.1820 B. Rs.1640

C. Rs.1260 D. Rs.1440

1260