state gov MP Police SI Mock Test 2023 Quantitative Aptitude Interest Simple and Compound Both

A man borrows Rs. 2,550 to be paid back with C.I. at rate of 5% p.a. by the end of 2 years in 2 equal installments. How much will each installment be?

1
Rs. 1,371.4
2
Rs. 1,371
3
Rs. 1,300
4
Rs. 1,400
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