Discuss Forum
1. What is the amount of equal installment , if a sum of TK. 1428 due 2 years hence has to be completely has to be completely repaid in 2 equal annual installments starting next year?
- A. TK. 700
- B. TK. 700
- C. TK. 700
- D. TK. 700
Answer: Option D
Explanation:
As short - cut of installment for 2 installments is given by
Installment = P/{(100/100 + R) + (100/100 + R)2}
There is the need of rate (R) which is unavailable in the question.
So, we cannot determine the answer.
Installment = P/{(100/100 + R) + (100/100 + R)2}
There is the need of rate (R) which is unavailable in the question.
So, we cannot determine the answer.
Post your comments here: