Question (1/66)
A sum of money is borrowed and paid back in two annual instalments of USD 882 each allowing 5% compound interest. What was the sum borrowed ?(A) USD 1620
(B) USD 1640
(C) USD 1680
(D) USD 1700
Question (2/66)
What annual payment will discharge a debt of USD 1025 due in 2 years at the rate of 5% compound interest ?(A) USD 551.25
(B) USD 555.55
(C) USD 557.50
(D) USD 560.20