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.
Select the word with the correct spelling.
In the following question, four words are given, out of which only one word is correctly spelt. Find the correctly spelt word.
- Select the correctly spelled word.
Choose the correctly spelt word.
- Select the INCORRECTLY spelt word.
In the following questions, groups of four words are given. In each group, one word is correctly spelt. Find the correctly spelt word.
(A) Cor...
1) Shalow
2) Swollow
3) Billionare
4) Perfecting
In FY24, municipal corporations in India are istimated to generate 50% of their revenue from their own taxes, fees, and user charges.
...(A) Imaginery
(B) Dictionary
(C) Itinerery
(D) Stationerry
- In each sentence below, four words have been printed in bold which are numbered (1), (2), (3), and (4). One of these words may be misspelt or inappropriate...
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