Question

39. What annual payment will discharge a
debt of 19350 due 4 yr hence at the rate
of 5% simple interest ?
(a) 4500↔️ right answer
(b) 5400↔️ answer is wrong
(c) 4000l
(d) None of these​

Answer 1

Answer:

Therefore, the total to be paid after 4 years = 19350 + 4(967.5)-0.05x-0.1x-0.15x; which is equals to 4x (the annual installments over the 4 years).

Step-by-step explanation:

Since this is a simple interest, therefore, we will have to calculate each one separately.