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1). Rs. 19,0002). Rs. 29,0003). Rs. 39,0004). Rs. 49,000 |
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Answer» GIVEN that principal P = Rs. 49,780 Rate R = 7% ⇒ Value of each INSTALLMENT = $(\FRAC{P}{{\left( {\frac{{100}}{{100\; + \;R}}} \right)\; + \;{{(\frac{{100}}{{100\; + \;R}})}^2}\; + \;{{\left( {\frac{{100}}{{100\; + \;R}}} \right)}^3}}}\; = \;\frac{{49,780}}{{\left( {\frac{{100}}{{100\; + \;7}}} \right)\; + \;{{(\frac{{100}}{{100\; + \;7}})}^2}\; + \;{{\left( {\frac{{100}}{{100\; + \;7}}} \right)}^3}}})$ = 49,780/2.62 = Rs. 19,000 |
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