Mathematics
Medium
Question
What annual payment will discharge a debt of Rs. 1025 due in 2 years at the rate of 5% compound interest?
A
Rs. 550
B
Rs. 551.25
✓ Official correct answer
C
Rs. 560
D
Rs. 560.75
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A
Rs. 550
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B
Rs. 551.25
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C
Rs. 560
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D
Rs. 560.75
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