Question

what annual instalment will charge a debt of ₹4620 due in 5 year at 5% at simple interest​

Answer 1

Answer:

P=4620

R=5%p.a

T=5years

SI=P×R×T/100

4620×5×5/100= 4620×25/100=4620/4=1155

There fore simple interest is Rs.1155

Amount=P+SI

Amount =4620+1155

Amount =5775