Practicing Success
The annual installment that will discharge a debt of Rs. 5760 in 3 years at 10% simple interest per annum is: |
Rs. 700 Rs. 950 Rs. 1600 Rs. 1250 |
Rs. 1600 |
Let each installment be x, (x + \(\frac{x × 10}{100}\) ) + (x + \(\frac{x × 20}{100}\)) + (x + \(\frac{x × 30}{100}\) )= 5760 ⇒ (\(\frac{10x + x}{10}\) ) + (\(\frac{5x + x}{10}\) ) + (\(\frac{10x + 3x}{10}\)) = 5760 ⇒ (\(\frac{36x}{10}\) )= 5760 ⇒ x = 1600 |