Multiple choice

Sunita borrowed a sum of Rs. 4480 from a bank at 6% simple interest, payable in five equal installmetns. Find the annual installment (in Rs.) amount paid by her. per year? सुनीता ने एक बैंक से 6% साधारण ब्याज की दर से 4480 रू. की राशि उधार ली, जिसे 5 समान वार्षिक किस्तों में जमा करना है। उसके द्वारा अदा की गई वार्षिक किश्त (रू.में) ज्ञात कीजिए।

  1. 1250

  2. 800

  3. 780

  4. 520

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

For a loan of Rs 4480 at 6% simple interest paid in 5 equal annual installments, the annual installment is Rs 800. Using the diminishing balance method for simple interest installments: Total interest = P×R×T/100 = 4480×6×5/100 = 1344. Total amount = 4480+1344 = 5824. Since principal decreases each year, we use the formula: Installment = [P + (P×R×T)/100] / [T + (T(T-1)R)/200] = 5824/7.3 ≈ 800.