Question

TITULUI
What annual payment will discharge a debt of Rs. 19067 due in 2 years at 20% per annum compou
interest?​

Answer 1

Answer:

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Answer 2

Step-by-step explanation:

Let each instalment be Rs. x. Then

(1+3×10050)x+(1+3×10050)2x+(1+3×10050)3x

=7620

or 76x+4936x+343216x=7620

294×252x+216x=7620×343

or x=7627620×343=3430

∴ Amount of each instalment =Rs.3430.