A sum of money is borrowed and paid back in two annual installments of Tk. 882 each allowing 5% compound interest. The sum borrowed was :

1. A sum of money is borrowed and paid back in two annual installments of Tk. 882 each allowing 5% compound interest. The sum borrowed was :

[Excutive Officer 2017 (Morning) [MCQ] : 2017]

1. Tk. 1620

2. Tk. 1680

3. Tk. 1640

4. Tk. 1700

Answer

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