Raghav borrows Rs.2550 to be paid back with compound interest at the rate of 4% per annum by the end of 2 years in two equal yearly instalments. How much will each instalment be ?	Choose the correct choice from the following answers
A) Rs.1275	B) Rs.1283	C) Rs.1352	D) Rs.1377	E) Rs.1577
Let the value of each instalment be Rs.x.   x/(1+4/100) + x/(1+4/100)2 = 2550 = 25x/26 + 625x/676 = 2550   1275x = 2550 *676   x = (2550*676)/1275= 
<gadget id="calculator">(2550*676)/1275</gadget>
<output>1_352</output>
1352.   ANSWER:Rs.1352
<result>C</result>
Raghav borrows Rs.2550 to be paid back with compound interest at the rate of 4% per annum by the end of 2 years in two equal yearly instalments. How much will each instalment be ?