"A man borrows Rs 2550 to be paid back with compound interest at the rate of 4% per annum by the end
Channel: Doubtnut
Date: 2020-04-05

"A man borrows Rs 2550 to be paid back with compound interest at the rate of 4% per annum by the end of 2 years in two equal yearly instalments. How much will each instalment be?(a) Rs 1275 (b) Rs 1283 (c) Rs 1352 (d) Rs 1377"