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    • Question

      What annual instalment will discharge a debt of

      ₹26,160 due in 4 years at 6% simple interest p.a.? 
      A ₹4,500 Correct Answer Incorrect Answer
      B ₹5,500 Correct Answer Incorrect Answer
      C ₹6,000 Correct Answer Incorrect Answer
      D ₹5,800 Correct Answer Incorrect Answer

      Solution

      Let the annual installment be ₹x. Each installment earns simple interest at 6% p.a. for 3, 2, 1, and 0 years respectively. So, total payment with interest:

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