Multiple Choice Questions on What annual payment will discharge a debt of Rs 15 750 due in 3 years with rate if interest being 5 ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

What annual payment will discharge a debt of Rs 15 750 due in 3 years with rate if interest being 5 ...........

Quantitative Aptitude ( CCS) Simple Interest
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    What annual payment will discharge a debt of Rs 15,750 due in 3 years with rate if interest being 5% per annum? 

    Rs 5,000

    Correct Answer

    Rs 6,000

    Incorrect Answer

    Rs 4,580

    Incorrect Answer

    Rs 5,020

    Incorrect Answer
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    Explanation:

    I = 100*A / [100*t + rt(t-1)/2]

    I = 100*15750 / [100*3 + 5*3(3-1)/2] = 100*15750/315=5000

    By: Pranav Gupta
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