Question

.What annual payment will discharge a debt ofR 19350 due 4 yr hence at the rate of 5% simple interest ?​

Answer 1

principal = ₹ 19350 , Rate = 5% , Time = 4 years ...

=> Simple Interest =

$\frac{p \times r \times t}{100}$

=> 19350×5×4 \ 100

=> S.I. = ₹3870

amount = 3870+ 19350

= ₹ 23,220

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