Question (5/66)

A sum of money is borrowed and paid back in two annual instalments of INR 882 each allowing 5% compound interest. What was the sum borrowed ?

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(A)  INR 1620

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(B)  INR 1640

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(C)  INR 1680

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(D)  INR 1700

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Question (6/66)

What annual payment will discharge a debt of USD 1025 due in 2 years at the rate of 5% compound interest ?

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(A)  USD 510.50

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(B)  USD 528.20

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(C)  USD 551.25

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(D)  USD 560.50

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