Question

A sum of Rs. 10,000 was taken on loan. This is to be repaid in 5 equal annual installments. If the rate by simple interest be 20% annually, then the value of each installment is _____?

Answer 1

Answer:

Rs 4000

Explanation:

5 equal parts of Rs 10000 is Rs 2000 and the interest(Rs 10000*20/100) is 2000.

So the total amt for 1 year is Rs4000.

Answer 2

Answer:

Rs. 4000

Explanation:

Given:

Here, we have been given, that a sum of Rs. 10,000 was taken on loan.

This is to be repaid in five equal annual installments.

The rate by simple interest is 20% annually.

To find:

We have to find the value of each installment.

Solution:

Five equal parts of 10,000 will be:

$\frac{10000}{5} = 2000$

The interest can be calculated as:

$10000 \times \frac{20}{100} = 2000$

Now, 2000 (one-fifth of 10,000) will be added to 2000 (interest):

$2000+2000=4000$

Final Answer:

The value for each installment will be Rs. 4000

Link:

https://brainly.in/question/21590827?referrer=searchResults

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