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arif

· started a discussion

· 1 Months ago

can i get the detailed solution?? (Question: 102690.0 )

detailed solution

Question:

The annual payment of Rs.80 in 5 years at 5% per annum simple interest will discharge a debt of:

Options:
A) Rs.440
B) Rs.400
C) Rs.450
D) Rs.500
E) None of these
Solution:

Ans(a)


Knowledge Expert

· commented

· 1 Months ago

:)

arif

· commented

· 1 Months ago

thank you

Knowledge Expert

· commented

· 1 Months ago

Theorem : the annual payment that will discharge a debt of Rs. A due in t years at the rate of interest r% per annum is A{(100t+rt(t-1)/2}/100

Using the above theorem
Annual payment = (80*550)/100=rs. 440/-
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