What annual payment will discharge a debt of Rs.808 due in 2 years at 2% per annum?
1. 200/- 2. 300/-
3. 400/- 4. 350/-

• let each installment is x.
  (x+(x*2*1)/100)+x=808
  By solving we get x=400
• 9 years agoHelpfull: Yes(13) No(4)
• each installment=x
  total installment in 2 years = x+x=2x
  so, 2x+(x*2*1/100)=808
  or, x=400
• 9 years agoHelpfull: Yes(9) No(1)
• option 3
  400
  
• 9 years agoHelpfull: Yes(8) No(4)
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• 9 years agoHelpfull: Yes(6) No(0)
• try this as a shortcut :
  
  annual payment = 100*A /(100*t+ rt*(t -1)/2) ;
  where A = debt amount ; r = rate ; t = time ;
  
  solving above question with A= rs 808, t= 2yr , r= 2% pa
  
  we get; annual payment = rs 400.
• 9 years agoHelpfull: Yes(6) No(1)
• option 3
  400
• 9 years agoHelpfull: Yes(0) No(2)
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• 9 years agoHelpfull: Yes(0) No(0)
• for 1st year installment =x
  for 2nd year installment =x+(x*1*2/100)
  s0
  x+(x+(x*2*1/100))=808
  s0 x=400
• 7 years agoHelpfull: Yes(0) No(1)