Mathematics · Compound 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 instalments. How much will each instalment be?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹ 1,203
- 2₹ 1,275
- 3₹ 1,377
- 4₹ 1,352✓
Correct answer
₹ 1,352
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