Question

What annual payment will discharge a debt of rs 5800 due 5 years hence at the rate 8% simple interest?

Answer 1

Answer:

simple intrest =P×R×T÷100

=5800×8×5÷100

=2320

TOTAL AMOUNT =P+2320

=8120

HOPE THIS WILL HELP YOU!

Answer 2

Step-by-step explanation:

we Know the formula ,

I=prt/100

so that ,l= 5800*8*5/100=2320

we know that,total annual payment=P+l

so here , payment= 5800+2320=8120