A man borrows Rs. 5100 to be paid back with c | vedclass

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Question

Let the installment in each part be Rs. P According to question:

$\Rightarrow \frac{P}{\left(1+\frac{R}{100}\right)}+\frac{P}{\left(1+\frac{R}{100}

Vedclass · Accepted Answer

$2704$

Vedclass · Answer

Let the installment in each part be Rs. P According to question:

$\Rightarrow \frac{P}{\left(1+\frac{R}{100}ight)}+\frac{P}{\left(1+\frac{R}{100}ight)^{2}}=R s .5100$

$\Rightarrow \frac{P}{\left(1+\frac{4}{100}ight)}+\frac{P}{\left(1+\frac{4}{100}ight)^{2}}=5100$

$\frac{25 P}{26}+\frac{625}{676} P =5100 \Rightarrow 1275 P =5100 	imes 676$

$P =\frac{5100 	imes 676}{1275}= Rs .2704$

A man borrows $Rs. 5100$ to be paid back with compound interest at the rate of $4 \%$ pa by the end of $2$ years in two equal yearly instalments. How much (In $Rs.$) will be each instalment?

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