Question

What annual installment will discharge a debt of rs 1092 due in 3 years at 12% simple interest?

Answer 1

Answer:

sum=1092

time=3

rate=12

si=

$\frac{sum \times time \times rate}{100}$

$\frac{1092 \times 3 \times 12}{100}$

$\frac{546 \times 3 \times 12}{50}$

$\frac{273 \times 3 \times 12}{25}$

$\frac{9828}{25}$

$\frac{1965.6}{5}$

=3931.2

simple interest =3931.2