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Q: A man borrows money for 2 years at the rate of 10% compound interest per annum and pays back in twice yearly installments of `1089. If the interest is calculated annually then find the amount borrowed (in`).
  • A. 2,178
  • B. 2,090
  • C. 1,890
  • D. 1,800
Correct Answer: Option C -
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Explanations:

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