Practicing Success
A man purchases an article for a certain price and promise to pay in two equal annual installments of Rs.735 at the rate of 16\(\frac{2}{3}\)% per annum. Find the price of article. |
Rs.1000 Rs. 1170 Rs.1230 Rs. 1380 |
Rs. 1170 |
16\(\frac{2}{3}\)% = \(\frac{1}{6}\) Principal : Installment 1st ⇒ 6 : 7 2nd ⇒ 36 : 49 * Installment amount for each year should be same* Therefore,
Principal : Installment 1st ⇒ 6 : 7 ) × 7 2nd ⇒ 36 : 49 ) × 1
Principal : Installment 1st ⇒ 42 : 49 2nd ⇒ 36 : 49 Sum ⇒ 78 : 49 (Each Installment)
49 78 ↓ ↓ ×15 ×15 ↓ ↓ 735(given) 1170 |