A builder borrows 2550 to be paid back with compound interest at the – McqOptions

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1.	A builder borrows 2550 to be paid back with compound interest at the rate of 4% per annum by the end of 2 years in two equal yearly instalments. How much will each instalment be ?
A.	1352
B.	1377
C.	1275
D.	1283
Answer» B. 1377

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