An annual instalment of ₹2,200 will discharge a debt of ₹y due in 3 years at 14.5% simple interest per annum. What is the value of y? (Note: instalments will be paid at the end of year 1, year 2 and year 3.)

Options

A

7577

7577

B

7557

7557

C

7757

7757

D

7767

7767

Solution:

Correct Answer:

B

7557

Question

An annual instalment of ₹2,200 will discharge a debt of ₹y due in 3 years at 14.5% simple interest per annum. What is the value of y? (Note: instalments will be paid at the end of year 1, year 2 and year 3.)

Options

A

7577

B

7557

C

7757

D

7767

Solution:

Correct Answer:

B

7557

Accepted Answer

EasyAbhyas

AAI ATC 22: Shift 1

Question 1

Options

Solution:

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