Question

a sum of money is borrowed and paid back in two annual instalments of rs 882 each along with 5% compound interst. the sum borrowed was
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Answer 1

Answer:

p=rs 8820

Step-by-step explanation:

s.i.=(p*r*t)/100

882=(p*5*2)100

p=(882*100)/10

p=rs 8820

Answer 2

Answer:

The sum was rs. 8820

Step-by-step explanation:

P=si×100/r×t

=882×100/5×2

8820

P=8820

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