A sum is to be paid back in 2 equal annual installments. The interest is compounded annually at 2% per annum. If each installment be Rs. 25600 then what is the sum?

A sum is to be paid back in 2 equal annual installments. The interest is compounded annually at 2% per annum. If each installment be Rs. 25600 then what is the sum?

1). Rs. 26,484
2). Rs. 37,585
3). Rs. 63,547
4). Rs. 49,664

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