What annual payment will discharge a debt of Rs. 440 due in 5 years at simple interest reckoned at 5 %
X = 100 * P * (Y) / 100 T + { RT ( T – 1 ) /2}
X = 100 * 440 * (1) / 100 * 5 + { 5*5 ( 5 – 1 ) /2}
X = Rs 80.
I can’t understand the formula
Please give me the explanation for the above formula.
I am frustrated with this problem plz plz help me for this problem
Thank you .
X = 100 * P * (Y) / 100 T + { RT ( T – 1 ) /2}
X = 100 * 440 * (1) / 100 * 5 + { 5*5 ( 5 – 1 ) /2}
X = Rs 80.
I can’t understand the formula
Please give me the explanation for the above formula.
I am frustrated with this problem plz plz help me for this problem
Thank you .