What annual payment will discharge a debt of ₹1,936 in four annual equal instalments at the rate of 14% on simple interest?
₹400
The correct answer is ₹400.
the brackets: $$ 1936 = x [ 4.84 ] $$ To find the annual installment amount 'x', rearrange the equation: $$ x = \frac{1936}{4.84} $$ To simplify the division, we can multiply the numerator and the denominator by 100: $$ x = \frac{1936 \times 100}{484} $$ Perform the division: $$ \frac{1936}{484} = 4 $$ Therefore, the calculation for 'x' is: $$ x = 4 \times 100 $$ $$ x = 400 $$ on Annual Payment The calculation shows that each of the four equal annual installments must be ₹400 to completely discharge the debt of ₹1,936 at a simple interest rate of 14% per annum.
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