A sum of money is borrowed and paid back in two equal installments

1.	A sum of money is borrowed and paid back in two equal installments
Answer» "The general formulae for INSTALLMENTS in case of compound interest is P =x/(1+R/100) + x/(1+r/100)^2 ....x/(1+000) And here we have to find P Given x = 882 r = 5 and n=2 On substituting the values *We GET P =882/ (1+5/100) + 882/ (1+5/100) ^2 p = 88220/21 + 882400/441* P= 840 + 800 = 1640"

Answer»

"The general formulae for INSTALLMENTS in case of compound interest is P =x/(1+R/100) + x/(1+r/100)^2 ....x/(1+000)

And here we have to find P

Given x = 882 r = 5 and n=2

On substituting the values

We GET P =882/ (1+5/100) + 882/ (1+5/100) ^2 p = 882*20/21 + 882*400/441

P= 840 + 800 = 1640"

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A sum of money is borrowed and paid back in two equal installments

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