What annual installment under simple interest will discharge a debt of ₹66,000 due in 3 yrs at 10% p.a. if installments are paid at the end of the year?

Asked by aastharoy997 | 7th Mar, 2020, 12:53: PM

Expert Answer:

Let the annual installment be Rs. x.
 
According to the conditions, we have
 
Error converting from MathML to accessible text.

Answered by Yasmeen Khan | 9th Mar, 2020, 11:06: AM

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