A sum of money is borrowed and paid back in two equal installments
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"The general formulae for installments in case of compound interest is P =x/(1+r/100) + x/(1+r/100)^2 ....x/(1+000)
And here we have to find P
Given x = 882 r = 5 and n=2
On substituting the values
We get P =882/ (1+5/100) + 882/ (1+5/100) ^2 p = 882*20/21 + 882*400/441
P= 840 + 800 = 1640"
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debt
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