A man borrows Rs. 820 and undertakes to pay back with compound interest @ 5%…
TCS · 2026
A man borrows Rs. 820 and undertakes to pay back with compound interest @ 5% p.a. in 2 equal yearly installments at the end of first and second year. What is the amount of each installment?
- A.
400
- B.
420
- C.
441
- D.
410
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