Question

What annual payment will discharge a debt of ` 808 due in 2 years at 2% per annum?

Answer 1

Answer:

Step-by-step explanation:

for 1st year installment =x

for 2nd year installment =x+(x*1*2/100)

s0

x+(x+(x*2*1/100))=808

s0 x=400

Hope it helps you....

Answer 2

Annual payment that will be discharge is Rs. 840.64.

Step-by-step explanation:

Since we have given that

Principal = Rs. 808

Time = 2 years

Rate of interest = 2%

So, Total annual payment would  be

$A=P(1+\dfrac{r}{100})^n\\\\A=808(1+\dfrac{2}{100})^2\\\\A=808(1+0.02)^2\\\\A=808(1.02)^2\\\\A=840.64$

Hence, Annual payment that will be discharge is Rs. 840.64.

# learn more:

What annual payment will discharge a debt of rs. 50,440 due in 3 years at 5% per annum compounded annually?

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