Question

33) A sum of Rs. 6600 was taken as a loan. This is to be repaid in two equal annual
instalments. If the rate of interest be 20% compounded annually then the value of
each instalment is
a. Rs. 4320
b. Rs. 4400
c Rs. 2220
d. Rs. 4420
Answer: A​

Answer 1

Answer:

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Step-by-step explanation:

Use compound Interest Formula,

A = P* [1 + (r/100)]^n

A = 6600 * [1 + 20/100]^2

A = 6600 * 1.2^2

A = 9504.

Amount = Rs. 9504.

Each installment = 9504/2 = Rs. 4752.

Answer 2

According the question, we have to find out  the value of

each installment.

P= Rs 6600                                        (given)

R=20%                                                (given)

n=2                                                      ( given)

We have to find A

A=P(1+ $\frac{R}{100}$​)ⁿ

  =6600 ×(1+$\frac{20}{100}$ ​)²

  =6600× (1+$\frac{1}{5}$ ​)²

  =6600× ($\frac{6}{5}$ ​)²

  = 6600 × $\frac{36}{25}$

∴A= 9504

This amount is to be paid in two equal installment.

So, each installment = $\frac{9504}{2}$ =4752

Hence, each installment is Rs. 4752.

Ans :-  The value of each installment is Rs. 4752.

*None of the given option is applicable.

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