A sum of Rs. 13360 was borrowed at $${\text{8}}\frac{3}{4}$$ % per annum compound interest and paid back in two years in two equal annual installments. What was the amount of each installment ?

A sum of Rs. 13360 was borrowed at $${\text{8}}\frac{3}{4}$$ % per ann

1.	A sum of Rs. 13360 was borrowed at $${\text{8}}\frac{3}{4}$$ % per annum compound interest and paid back in two years in two equal annual installments. What was the amount of each installment ?
A.	s. 5769
B.	s. 7569
C.	s. 7009
D.	s. 7500
Answer» C. s. 7009

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A sum of Rs. 13360 was borrowed at $${\text{8}}\frac{3}{4}$$ % per annum compound interest and paid back in two years in two equal annual installments. What was the amount of each installment ?

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