A person borrows a certain amount from his friend at the rate of 15% per annum compound interest, interest being compounded annually and agrees to return it in 2 equal yearly installments of Rs.529/- each. Find the amount borrow.

     

  • Rs.820/-
  • Rs.880/-
  • Rs.860/-
  • Rs.840/-
 A person borrows a certain amount from his friend at the rate of 15% per annum compound inte
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