Question

Simran borrows 10400 rupees from a bank at an interest rate of 8% per annum. she agrees to repay the loan in two equal yearly installments. find the value of the installment

Answer 1

is not dis bst question ?
8% of 10400=832
after 2 yrs,the installment will be = 2x 832=1664
total payment =10400+1664=12064

Answer 2

Answer:

Step-by-step explanation:

1. 10400 = x/1.08 + x/1.08^2

2. 10400× 1.08^2 = 1.08x + x

3. x = 5832