A sum of ₹ $1260$ is borrowed from a money lender at $10 \%$ p.a. compounded annually. If the amount is to be paid back in two equal annual instalments, find out the annual instalment (In ₹).
A sum of ₹ $1260$ is borrowed from a money lender at $10 \%$ p.a. compounded annually. If the amount is to be paid back in two equal annual instalments, find out the annual instalment (In ₹).
- A
$726$
- B
$626$
- C
$526$
- D
None of these
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