A man borrows 5100 to be paid back with compound interest at the rat – McqOptions

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1.	A man borrows 5100 to be paid back with compound interest at the rate of 4 % pa by the end of 2 yr in two equal yearly installments. How much will each installment be ?
A.	2704
B.	2800
C.	3000
D.	2500
Answer» B. 2800

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