[Solved] What annual installment (approx) will discharge a debt of Rs (2024)

Given:

Debt of Rs. 8000 due in 5 years at 8% simple interest

Formula used:

See Also
Simple Interest Calculator - Calculate Simple Interest (Principal + Interest) OnlineLoan Interest Calculator | BankrateBasic Financial Calculator | Atlantic Federal Credit UnionHome Loan EMI Calculator | EMI Calculator | Calculate EMI for Housing Loan

Annual installment = (100×A)/[(100× T) + RT(T– 1)/2]

Calculation::

Annual installment = (8000× 100)/(500 + (5× 8) (5– 1)/2)]

See Also
EMI Calculator- Calculate Your Monthly EMI Instalments

⇒ 800000/(500 + 80)

⇒ 800000/580

⇒ Rs. 1379.31

.∴ The annual installmentis Rs.1379.31

[Solved] What annual installment (approx) will discharge a debt of Rs (2024)

FAQs

What annual instalment will discharge a debt of Rs 5664 in 4 years at 12% simple interest? ›

∴ The annual instalment will be ₹1,200.

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What annual payment will discharge a debt of RS 1696? ›

Expert-Verified Answer. 400=P is the periodic payment that should be made to clear the loan of 1696.

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What annual installment will discharge a debt of RS 2210 due in 4 years at 7% simple interest? ›

Let the amount of the annual instalment be "x". Thus, the annual instalment of Rs. 500 will discharge a debt of Rs. 2210 due in 4 years at 7% simple interest.

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What annual payment will discharge a debt of RS 7620 due in 3 years? ›

x=7620*343/762=3430. Amount of each installment=Rs. 3430.

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What annual installment will discharge a debt of rupees 4200 due in 5 years at 10% simple interest? ›

∴ Annual instalment = Rs. 700. What annual installment will discharge a debt of Rs.

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What annual installment will discharge a debt of 1740 due in 5 years at 8% simple interest? ›

Hence, Rs. 300 annual payment will discharge a debt of Rs. 1740 in 5 years.

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What annual payment will discharge a debt of Rs 12900 due in 4 years at 5% simple interest? ›

Detailed Solution. ∴ the annual payment is Rs. 3000.

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What annual payment will discharge a debt of rupees 848 in 8 years at 8% per annum? ›

Annual Payment of 542.72 will discharge.

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What annual Instalment will discharge a debt of Rs 1815 due in 3 years at 10% simple interest? ›

Hence, each installment =Rs. 550.

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What annual installment will discharge a debt of rupees 9600 due in 5 years at 10% simple interest? ›

Detailed Solution. ∴ The required result will be 1600.

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What annual installment will discharge a debt of rupees 1260 due in 3 years at 12% simple interest? ›

∴ Each installment is Rs. 375.

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What annual installment will discharge a debt of ₹1092 due in 3 years at 12% simple interest? ›

=1092×12×3100=393.12.

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What annual payment will discharge a debt of Rs 580 due in 5 years at 8% per annum? ›

Detailed Solution. ∴ The annual installment is Rs. 100.

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What annual payment can clear a debt of Rs 4600 due in 4 years the SI rate being 10% per annum? ›

∴ The instalment per annum =Rs1000.

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What quarterly payment will discharge a debt of RS 2280 due in 2 years at 16% per annum simple interest? ›

What quarterly payment will discharge a debt of Rs. 2280 due in two years 16% p.a. SI? Rs. 250Rs.

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What annual Instalment will discharge a debt of Rs 848 due in 4 years at 4% simple interest? ›

∴Annual instalment=Rs. [100×848100×4+4×4×32]=Rs. (100×848424)=Rs. 200.

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What annual instalment will discharge a debt of 1260 due in 3 years at 12% simple interest? ›

∴ Each installment is Rs. 375.

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What annual installment will discharge a debt of 6450 in 4 years at 5% simple interest? ›

30. What annual payment will discharge a debt of ₹ 6450 due in 4 yr at 5% per annum simple interest? ₹ 1400.

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