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A builder borrows Rs. 2550 to be paid back with compound interest at the rate of 4% of per annum by the end of 2 years in two equal yearly installments. How much will each installment be?

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A builder borrows Rs. 2550 to be paid back with compound interest at the rate of 4% of per annum by the end of 2 years in two equal yearly installments. How much will each installment be?






 
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