1.

What annual installment will discharge on debt of Rs 3,680 due in 4 years at 10% simple interest?​

Answer»

Step-by-step explanation:

M = Rs. 4200, n =5, y =1, R =10%, a=?

M=na+

100×y

ra

×

2

n(n−1)

4200=5a+

100×1

10a

×

2

5×(5−1)

6a=4200

a=Rs.700

∴ Annual instalment = Rs. 700.



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