what annual payment will discharge a debt of rs . 1090 due in 2 years at the rate of 5 % compound interest ?
explanation : let each installment be rs . x . then , x / ( 1 + 5 / 100 ) + x / ( 1 + 5 / 100 ) 2 = 1090 820 x + 1090 * 441 x = 586.21 so , value of each installment = rs . 586.21 answer : option b
divide(multiply(power(add(divide(5, const_100), const_1), 2), 1090), 2)