Question

a farmer takes a loan of rupees 1440 from a bank at the simple interest rate of 5% per annum find the yearly installment if instead to pay the sum in 4 year​

Answer 1

Answer:

Step-by-step explanation:

1 vote

The answer is after 4 years. Calculation:- The difference between both the amount ...  More

Answer 2

Answer:

Principal (P) = 1440

Rate (R) = 5%

Time (T) = 4 years

$S.I.= \frac{P×R×T}{100} \\ S.I.= \frac{1440 \times 5 \times 4}{100} \\ S.I. =Rs. \: \: \: 288 \\ Amount = Principal +S.I. \\ Amount = \: Rs.(1440 + 288) = Rs. \: 1728$

Yearly Installment =1728 / 4= Rupees 432