What annual payment will discharge a debt of Rs. 1025 due in 2 years at the rate of 5% compound interest?
Choose the correct option:
A) rs . 550 B) rs . 551.25 C) rs . 560 D) rs . 560.75 E) rs . 660.75

Rationale: "let each installment be rs . x . then , x / ( 1 + 5 / 100 ) + x / ( 1 + 5 / 100 ) 2 = 1025 820 x + 1025 * 441 x = 551.25 so , value of each installment = rs . 551.25 answer : b"
Answer: B