What annual payment will discharge a debt of Rs. 1030 due in 2 years at the rate of 5% compound interest?	Answers:
A) 553.94	B) 551.25	C) 534.33	D) 543.33	E) 646.33

Rationale: "explanation : let each installment be rs . x . then , x / ( 1 + 5 / 100 ) + x / ( 1 + 5 / 100 ) 2 = 1030 820 x + 1030 * 441 x = 553.94 so , value of each installment = rs . 553.94 answer : option a"
Answer: A