Question

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

Answer 1

Answer:

325

Step-by-step explanation:

Interest on Rs "x" for 2 year + 1 interest on Rs "x" for 0 year =1092 :

(x + 2x*12/100 )+ (x + x*12/100)+ (x+0)=1092

x = 325.