A sum of money is paid back in two annual installments of rs 17640 each,allowing 5%compound interest compounded annually.find the sum was?
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A sum of money is borrowed and paid back in two annual installments of Rs.882 that each follows at right.
In addition to this, the principle=present worth of rs.882 due to 1 years and hence present value is of 2 years worth.
The interest is 14% compound annually and grow the sum of 5458.32.
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