kamal took Rs 6800 as a loan which along with interest is to be repaid in two equal instalments. if the rate of interest is 12.5% . Compounded annually. Then what is the value of each instalment.
Answers
Answered by
12
Let the annual installments be Rupees.Z
Let principal for 1st installment be P 1
Z= P1[1+25/500]
Z=P1 ×9/8
P1=8/9Z
similarly,
Z=P2[1+25/200]²
P2=63/81Z
Now
P1+P2=6800
8/9Z+64/81Z=6800
72Z+64Z÷81=6800
136Z/81=6800
Z=6800×81/136=Rupees 4050.
Thank You!!
Let principal for 1st installment be P 1
Z= P1[1+25/500]
Z=P1 ×9/8
P1=8/9Z
similarly,
Z=P2[1+25/200]²
P2=63/81Z
Now
P1+P2=6800
8/9Z+64/81Z=6800
72Z+64Z÷81=6800
136Z/81=6800
Z=6800×81/136=Rupees 4050.
Thank You!!
Similar questions