Mathematics · Compound Interest
A builder borrows ₹2,550 which is to be paid back with compound interest at the rate of 4% per annum in two equal yearly installments. How much will each installment be?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹1,377
- 2₹1,352✓
- 3₹1,275
- 4₹1,283
Correct answer
₹1,352
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