Math, asked by sakshi7730, 9 months ago

an amount of 20900 is taken as a loan at 9 %pa compound interest.if it is to be repaid in two equal annual installments,what is the value of each installment?​

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Answered by pkrish2147
1

Answer:

this is the method

Step-by-step explanation:

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Maths

Comparing Quantities

Compound Interest

A sum of Rs. 11000 was take...

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Asked on December 27, 2019 by

Ashi Pandey

A sum of Rs. 11000 was taken as a loan. This is to be repaid in two equal instalments. If the rate of interest be 20% compounded annually, then the value of each instalment is

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ANSWER

Let the value of each installment be Rs. x. Then, (P.W. of Rs. x due 1 year hence) + (P.W. of Rs. x due 2 years hence) = Rs. 11000

∴

(1+

100

20

)

x

+

(1+

100

20

)

2

x

=11000

or

6

5x

+

36

25x

=11000

or 55x = 36 × 11000

or x = (

55

36×11000

)=Rs.7200

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