A sum of money is borrowed and paid back in two annual instalments of tk. 882 each allowing 5% compound interst. The sum borrowed was:
সমাধান
সঠিক উত্তর: Option C
Present worth of Tk. P due in n years is given by Present worth = Therefore, Principal = (Present worth of tk. 882 due 1 year hence) + (Present worth of tk. 882 due 2 years hence) = tk 840 + tk 800 = tk 1640
