What annual installment will discharge a debt of Rs.9300 due in 5 years at the rate of 12% simple interest?OptionsRs.1500Rs.1750Rs.1200Rs.1350
Question
Solution 1
To solve this problem, we need to use the formula for simple interest which is I = PRT/100, where I is the interest, P is the principal amount (the initial amount of money), R is the rate of interest, and T is the time in years.
Given: P = Rs.9300 (the debt) R = 12% (the rate of interest) T = 5 yea Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
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