What annual installment will discharge a debt of 10866 in 5 years at 10\% simple interest?

What annual installment will discharge a debt of 10866 in 5 years at 10\% simple interest?

Detailed Solution. ∴ Annual installment will be Rs. 1811.

How are equal annual installments calculated?

The EMI amount is calculated by adding the total principal of the loan and the total interest on the principal together, then dividing the sum by the number of EMI payments, which is the number of months during the loan term. For example, a borrower takes a $100,000 loan with a 6\% annual interest rate for three years.

What annual installment will discharge a debt of Rs 1092 due to in 3 years at 12\% simple interest?

As we know in simple interest, the interest is not added in the principle amount during the years. So the amount (A) has to be paid = 1092 as the principal amount + simple interest of the three years. Let the annual installments per year be X Rs. So we had to pay 3X annual installments in three years.

What annual Instalment will discharge a debt of * 1450 due after five years at 8\% pa simple interest?

∴ Annual equal instalment is Rs. 250.

What equal annual payment will discharge a debt of Rs 6450 due in 4 years per annum?

1500 Rs. Hence option [A] is correct answer.

What equal annual payment will discharge a debt of Rs 1025?

560.75. Complete step-by-step answer: We have been given a debt of Rs 1025 which has to be paid in 2 years.

What is equal annual installment?

The Equal Installments Concept: Equal installment is a fixed amount that is paid at the end of each period in repayment of a given amount of a loan. When you borrow a given amount of a loan that is payable in a certain period of time, the amount borrowed plus the compounded interest is returned in equal installments.

What is equal installment?

An equated monthly installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are applied to both interest and principal each month so that over a specified number of years, the loan is paid off in full.

What annual payment will discharge a debt of 7620?

Thus, the annual payment that will discharge a debt of Rs 7620 due in 3 years at $16\dfrac{2}{3}\%$ per annum interest is Rs 3430. Hence, the correct option is (c) 3430.

What annual payment will discharge a debt of 19350?

The interest for the 2nd year = (19350-x)*0.05 = 967.5-0.05x. After 2 years, the principal will be 19350-2x. Therefore, the total to be paid after 4 years = 19350 + 4(967.5)-0.05x-0.1x-0.15x; which is equals to 4x (the annual installments over the 4 years).

What amount installment will discharge a debt of 6450?

What annual payment will discharge a debt of 1025 due in 2 years?

What annual instalment will discharge a debt of Rs 1092?

What annual instalment will discharge a debt of Rs 1092 due in 3 years at 12\% simple interest? Let each instalment be Rs.x . Each instalment = Rs. 325 A sum of money invested for 4 years and 9 months at a rate of 8\% simple interest per annum became Rs. 1,035 at the end 0 of the period.

How can I repay the amount of 400 in installments?

If there is no interest, it can be repaid in 4 yearly installments, of 100 per year. 10 for the fourth year. The total 100 to be paid at the end of 4th year. Distributing equally in four years, it will be 25 per year. Hence 400 can be repaid as 100+ 25 = 125 per year. Now 400 , the repayment is 125.

What is the simple interest on 5000 rupees for 3 years?

Find the simple interest on Rs. 5200 for 2 years at 6\% per annum. Rs. 1200 is lent out at 5\% per annum simple interest for 3 years. Find the amount after 3 years. Interest obtained on a sum of Rs. 5000 for 3 years is Rs. 1500.

What is the rate of interest on Rs 1200 loan?

Rs. 1200 is lent out at 5\% per annum simple interest for 3 years. Find the amount after 3 years. Interest obtained on a sum of Rs. 5000 for 3 years is Rs. 1500. Find the rate percent. Rs. 2100 is lent at compound interest of 5\% per annum for 2 years.