Start learning 50% faster. Sign in now
Get Started with ixamBee
Start learning 50% faster. Sign in nowATQ, 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.
Identify the INCORRECT spelling
In the following question, four words are given, out of which only one word is correctly spelt. Find the correctly spelt word.
Choose the option with the correct spelling.
Select the INCORRECTLY spelt word.
1) Camouflage
2) Conveneince
3) Sabortage
4) Expident
Select the word with the correct spelling.
Find the correctly spelt word as your answer.