What annual instalment will discharge a debt of ₹ 4,600 due in 4 years at 10% simple interest? 1. ₹ 1,000 2. ₹ 1,150 3. ₹ 1,500 4. ₹ 1,610

Let annual installment be ₹ x. Annual installment 1 (Paid at the end of 1st year) : This installment will earn interest for 3 years. Annual installment 2 (Paid at the end of 2nd year) : This installment will earn interest for 2 years. Annual installment 3 (Paid at the end of 3rd year) : This installment will earn interest for 1 year. Annual installment 4 (Paid at the end of 4th year) : This installment will not earn any interest. ⇒ x The sum of these values must be equal to debt value of ₹ 4,600. ⇒ 1.3x + 1.2x + 1.1x + x = 4,600 ⇒ 4.6x = 4,600 ⇒ x = ⇒ x = ₹ 1,000. Hence, Option 1 is correct option.

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The simple interest on a sum of money at 8% per annum for 6 years is half the sum. The sum is:
₹ 4,000
₹ 6,000
₹ 10,000
Data inadequate

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What is the principal amount which earns ₹ 132 as compound interest for the second year at 10% per annum?
₹ 800
₹ 1,050
₹ 1,200
Data inadequate

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Mathematics

What annual instalment will discharge a debt of ₹ 4,600 due in 4 years at 10% simple interest?
₹ 1,000
₹ 1,150
₹ 1,500
₹ 1,610

Compound Interest

Related Questions

The simple interest on a sum of money at 8% per annum for 6 years is half the sum. The sum is:
₹ 4,000
₹ 6,000
₹ 10,000
Data inadequate

What is the principal amount which earns ₹ 132 as compound interest for the second year at 10% per annum?
₹ 800
₹ 1,050
₹ 1,200
Data inadequate

Mathematics

What annual instalment will discharge a debt of ₹ 4,600 due in 4 years at 10% simple interest?₹ 1,000₹ 1,150₹ 1,500₹ 1,610

Compound Interest

Related Questions

The simple interest on a sum of money at 8% per annum for 6 years is half the sum. The sum is:₹ 4,000₹ 6,000₹ 10,000Data inadequate

What is the principal amount which earns ₹ 132 as compound interest for the second year at 10% per annum?₹ 800₹ 1,050₹ 1,200Data inadequate

What annual instalment will discharge a debt of ₹ 4,600 due in 4 years at 10% simple interest?
₹ 1,000
₹ 1,150
₹ 1,500
₹ 1,610

The simple interest on a sum of money at 8% per annum for 6 years is half the sum. The sum is:
₹ 4,000
₹ 6,000
₹ 10,000
Data inadequate

What is the principal amount which earns ₹ 132 as compound interest for the second year at 10% per annum?
₹ 800
₹ 1,050
₹ 1,200
Data inadequate