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Avi Nash

· started a discussion

· 1 Months ago

video please (Question: 214597.0 )

please provide the solution and if possible in terms of shortcut...

Question:

If the installments are paid at the end of every year, what annual payment will discharge a debt of Rs. 7,200 due in 3 years at 20% per annum simple interest?

Options:
A) Rs. 1500
B) Rs.  1800
C) Rs. 2000
D) Rs. 2250
Solution:
Ans: (c)


shashank gandhi

· commented

· 1 Months ago

installment=(P*100)/[T*100+(T1+T2)*R] WHERE T1=1 AND T2 =2

INSTALLMENT=(7200*100)/[3*100+(1+2)*20]
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