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Home Aptitude Compound Interest See What Others Are Saying!
  • Question
  • What annual payment will discharge a debt of Rs.7620 due in 3years at 1623 % per annum interest?


  • Options
  • A. 5430
  • B. 4430
  • C. 3430
  • D. 2430

  • Correct Answer
  • 3430 

    Explanation

    Let each installment be Rs.x. Then, 

    (P.W. of Rs.x due 1 year hence) + (P.W of Rs.x due 2 years hence) + (P.W of Rs. X due 3 years hence) = 7620.

     

    x 1 + 50 3 x 100 + x 1   + 50 3 x 100 2 + x 1   + 50 3 x 100 3   =   7620

     

      6 x 7 + 36 x 49 + 216 x 343 = 7620

     

      294 x   +   252 x   +   216 x   =   7620   x   343

     

     => x = 3430

     

     Amount of each installment = Rs.3430


  • More questions

    • 1. 
      The median for the data 2, 4, 6, 8, 10, 12, 14 is

    • Options
    • A. 6
    • B. 8
    • C. 9.5
    • D. 10
    • Discuss
    • 2. 
      The value of 47 / 10000 is?

    • Options
    • A. .0047
    • B. .0470
    • C. .00047
    • D. .000047
    • Discuss
    • 3. If 4x = 18y, then the value of ( x/y - 1) is

    • Options
    • A. 1 3
    • B. 7 2
    • C. 2 3
    • D. 3 2
    • Discuss
    • 4. 
      If the price of 23 toys is Rs. 276, then what will the price (Rs.) of 12 toys?

    • Options
    • A. 144
    • B. 158
    • C. 159
    • D. 166
    • Discuss
    • 5. 
      .02 =(......?.....)%

    • Options
    • A. 20
    • B. 2
    • C. .02
    • D. .2
    • Discuss
    • 6. 
      If 36 men can do a piece of work in 25 hours, in how many hours will 15 men do it?

    • Options
    • A. 45
    • B. 55
    • C. 60
    • D. 72
    • Discuss
    • 7. 
      2?63 / 11 =233

    • Options
    • A. 4
    • B. 3
    • C. 6
    • D. 5
    • Discuss
    • 8. 
      When 121012 is divided by 12, the remainder is

    • Options
    • A. 0
    • B. 2
    • C. 3
    • D. 4
    • Discuss
    • 9. 
      Aarti can do a piece of work in 6 days. In how many days will she complete three time of work of same type?

    • Options
    • A. 18 days
    • B. 21 days
    • C. 3 days
    • D. 6 days
    • Discuss
    • 10. 
      750.0003 ÷ 19.999 =?

    • Options
    • A. 49
    • B. 18
    • C. 22
    • D. 38
    • Discuss


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