what annual payment will discharge a debt of rs . 1050 due in 2 years at the rate of 5 % compound interest ?
"explanation : let each installment be rs . x . then , x / ( 1 + 5 / 100 ) + x / ( 1 + 5 / 100 ) 2 = 1050 820 x + 1050 * 441 x = 564.69 so , value of each installment = rs . 564.69 answer : option e"
divide(multiply(power(add(divide(5, const_100), const_1), 2), 1050), 2)