The sum of Rs. 5000, Rs. 8000, Rs. 13200 are due at the end of 3, 6 and 10 years respectively. If the rate of interest is 8% per annum effective, find the year at the end of which payment of Rs. 23995 may be made to settle all the dues.
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Ratio of their shares =2000×1:3000×2:4000×2
⇒2000:6000:8000=1:3:4
A
′
s share =Rs.(3200×
8
1
)=Rs.400
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