Mathematics · Interest
A builder borrows ₹ 2,550 to be paid back with compound interest at the rate of 4% per annum by the end of 2 years in two equal yearly installments. How much will each installment be?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1¹ 1,203
- 2¹ 1,275
- 3¹ 1,377
- 4¹ 1,352✓
Correct answer
¹ 1,352
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