Question
What annual installment will
clear a debt of ₹4,500 due in 5 years at 8% p.a. simple interest?Solution
ATQ, To calculate the annual installment that will clear a debt of ₹4,500 due in 5 years at 8% p.a. simple interest, we use the formula for the total amount payable with simple interest: Total Amount Payable=Principal+(Principal × Interest Rate × Time) In this case: Principal = ₹4,500 Interest Rate = 8% (0.08) Time = 5 years Calculating the total amount payable: Total Amount Payable=4,500+(4,500×0.08×5) Total Amount Payable=4,500+(4,500×0.40) Total Amount Payable=4,500+1,800 Total Amount Payable=6,300 Calculating the annual installment: 
Therefore, the annual installment that will discharge the debt of ₹4,500 due in 5 years at 8% p.a. simple interest is Rs. 1,260.
How many such pairs of digits are there in the number “1469835725” which has as many digits between there in the number as in the numerical series (...
- If in ‘65731742’ we add 2 to all the even digits and subtract 1 from odd digits then what is the sum of the digits which is 3rd from the left end and 4...
Which of the following letters will be 8th letter from the left end if the letters at even positions are replaced by succeeding letter in the...
How many pairs of letters are there in the word ‘ANNIVERSARY’ which has as many letters between them in the word as in the English alphabetical ser...
When the vowels of the word HIMALAYA are replaced by their immediate successive letter and the consonants are replaced by their immediately preceding le...
Five words are given in the options and taking four letters of each of the words as specified in front of it (in the same order). Different words can be...
- How many pairs of letters are there in the word “STAMINA” which has as many letters between them in the word as in the English alphabetical series?
All the letters provided below are arranged in English alphabetical order from left to right. Then in each combination, the first letter from the left e...
In the given words, if the 3rd and 6th (from the left end) letters are exchanged and same is done with 4th and 9th...
If one is added to all the even digits and two is subtracted from all the odd digits of the number 3984525783, after that all the digits are arranged in...
Relevant for Exams:
