What annual installment will discharge a debt of 2360 due in 4 years at 12% per annum simple interest?
Answers
Answered by
1
Step-by-step explanation:
An = P(1+nr/100)
Given, P = 2,360 ,r = 12% ,n = 4
An = 2,360 [1+(4×12)/100]
= 2,360 (1+48/100)
= 2,360(100+48)/100
= 2,360 (148)/100
= 3492.8
Answered by
0
Answer:
3492.8
Step-by-step explanation:
An = P(1+nr/100)
Given, P = 2,360 ,r = 12% ,n = 4
An = 2,360 [1+(4×12)/100]
= 2,360 (1+48/100)
= 2,360(100+48)/100
= 2,360 (148)/100
= 3492.8
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