What annual payment will discharge a debt of ₹ 1025 due in 2 years at the rate of 5 % compound interest?
A. ₹ 550
B. ₹ 551.25
C. ₹ 560
D. ₹ 560.75
Answer:B
What annual payment will discharge a debt of ₹ 1025 due in 2 years at the rate of 5 % compound interest?
A. ₹ 550 B. ₹ 551.25 C. ₹ 560 D. ₹ 560.75