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InterviewSolution
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What Annual Payment Will Discharge A Debt Of Rs. 6,450 Due In 4 Years At 5% Per Annum Simple Interest? |
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Answer» Let the annual INSTALLMENT be RS. x therefore (x + x*3*5/100)+(x + x*2*5/100) +(x + x*1*5/100)+x =6450 =>115x/100+110x/100+105x/100+x=6450 =>115x+110x+105x+100x=6450*100 =>430x=6450*100 x=6450*100/430=rs.1500 Let the annual installment be rs. x therefore (x + x*3*5/100)+(x + x*2*5/100) +(x + x*1*5/100)+x =6450 =>115x/100+110x/100+105x/100+x=6450 =>115x+110x+105x+100x=6450*100 =>430x=6450*100 x=6450*100/430=rs.1500 |
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