Question

5. Mr. S Roy borrows Rs 20,000 at 4% compound interest and agrees to pay both the principal
and the interest in 10 equal annual installments at the end of each year. Find the amount of these
installments.
(a) 2468.60
(b) 2466.50
(c) 2468.72
(d) 2472.18

Answer 1

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A) 2468.60

Answer 2

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A fuel is any material that can be made to react with other substances so that it releases energy as heat energy or to be used for work. ... The heat energy released by reactions of fuels is converted into mechanical energy via a heat engine.