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