A loan of ₹10000 is to be paid back by 4 equal annual installments. If the rate is 10℅ simple interest...

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I am a bit confused regarding this problem. Please can anyone provide me a detailed solution!










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put on hold as off-topic by Travis, Saad, gammatester, José Carlos Santos, Eevee Trainer Dec 26 at 9:24


This question appears to be off-topic. The users who voted to close gave this specific reason:


  • "This question is missing context or other details: Please provide additional context, which ideally explains why the question is relevant to you and our community. Some forms of context include: background and motivation, relevant definitions, source, possible strategies, your current progress, why the question is interesting or important, etc." – Travis, Saad, gammatester, José Carlos Santos, Eevee Trainer

If this question can be reworded to fit the rules in the help center, please edit the question.









  • 1




    What have you tried?
    – Prakhar Nagpal
    Dec 26 at 9:06










  • I can't understand how to proceed
    – Abhishek Ghosh
    Dec 26 at 9:09










  • Alright, do you know how to calculate the amount extra he will pay using $frac{PRT}{100}$
    – Prakhar Nagpal
    Dec 26 at 9:09










  • Yes I do know that
    – Abhishek Ghosh
    Dec 26 at 9:11






  • 1




    The question doesn't say, but I assume the time between each payment is to be equal as well. Also, it should state over what period the "10% simple interest" is for, although I assume it is to be per year.
    – John Omielan
    Dec 26 at 9:28
















-5














I am a bit confused regarding this problem. Please can anyone provide me a detailed solution!










share|cite|improve this question















put on hold as off-topic by Travis, Saad, gammatester, José Carlos Santos, Eevee Trainer Dec 26 at 9:24


This question appears to be off-topic. The users who voted to close gave this specific reason:


  • "This question is missing context or other details: Please provide additional context, which ideally explains why the question is relevant to you and our community. Some forms of context include: background and motivation, relevant definitions, source, possible strategies, your current progress, why the question is interesting or important, etc." – Travis, Saad, gammatester, José Carlos Santos, Eevee Trainer

If this question can be reworded to fit the rules in the help center, please edit the question.









  • 1




    What have you tried?
    – Prakhar Nagpal
    Dec 26 at 9:06










  • I can't understand how to proceed
    – Abhishek Ghosh
    Dec 26 at 9:09










  • Alright, do you know how to calculate the amount extra he will pay using $frac{PRT}{100}$
    – Prakhar Nagpal
    Dec 26 at 9:09










  • Yes I do know that
    – Abhishek Ghosh
    Dec 26 at 9:11






  • 1




    The question doesn't say, but I assume the time between each payment is to be equal as well. Also, it should state over what period the "10% simple interest" is for, although I assume it is to be per year.
    – John Omielan
    Dec 26 at 9:28














-5












-5








-5







I am a bit confused regarding this problem. Please can anyone provide me a detailed solution!










share|cite|improve this question















I am a bit confused regarding this problem. Please can anyone provide me a detailed solution!







arithmetic






share|cite|improve this question















share|cite|improve this question













share|cite|improve this question




share|cite|improve this question








edited Dec 26 at 9:30

























asked Dec 26 at 9:01









Abhishek Ghosh

16




16




put on hold as off-topic by Travis, Saad, gammatester, José Carlos Santos, Eevee Trainer Dec 26 at 9:24


This question appears to be off-topic. The users who voted to close gave this specific reason:


  • "This question is missing context or other details: Please provide additional context, which ideally explains why the question is relevant to you and our community. Some forms of context include: background and motivation, relevant definitions, source, possible strategies, your current progress, why the question is interesting or important, etc." – Travis, Saad, gammatester, José Carlos Santos, Eevee Trainer

If this question can be reworded to fit the rules in the help center, please edit the question.




put on hold as off-topic by Travis, Saad, gammatester, José Carlos Santos, Eevee Trainer Dec 26 at 9:24


This question appears to be off-topic. The users who voted to close gave this specific reason:


  • "This question is missing context or other details: Please provide additional context, which ideally explains why the question is relevant to you and our community. Some forms of context include: background and motivation, relevant definitions, source, possible strategies, your current progress, why the question is interesting or important, etc." – Travis, Saad, gammatester, José Carlos Santos, Eevee Trainer

If this question can be reworded to fit the rules in the help center, please edit the question.








  • 1




    What have you tried?
    – Prakhar Nagpal
    Dec 26 at 9:06










  • I can't understand how to proceed
    – Abhishek Ghosh
    Dec 26 at 9:09










  • Alright, do you know how to calculate the amount extra he will pay using $frac{PRT}{100}$
    – Prakhar Nagpal
    Dec 26 at 9:09










  • Yes I do know that
    – Abhishek Ghosh
    Dec 26 at 9:11






  • 1




    The question doesn't say, but I assume the time between each payment is to be equal as well. Also, it should state over what period the "10% simple interest" is for, although I assume it is to be per year.
    – John Omielan
    Dec 26 at 9:28














  • 1




    What have you tried?
    – Prakhar Nagpal
    Dec 26 at 9:06










  • I can't understand how to proceed
    – Abhishek Ghosh
    Dec 26 at 9:09










  • Alright, do you know how to calculate the amount extra he will pay using $frac{PRT}{100}$
    – Prakhar Nagpal
    Dec 26 at 9:09










  • Yes I do know that
    – Abhishek Ghosh
    Dec 26 at 9:11






  • 1




    The question doesn't say, but I assume the time between each payment is to be equal as well. Also, it should state over what period the "10% simple interest" is for, although I assume it is to be per year.
    – John Omielan
    Dec 26 at 9:28








1




1




What have you tried?
– Prakhar Nagpal
Dec 26 at 9:06




What have you tried?
– Prakhar Nagpal
Dec 26 at 9:06












I can't understand how to proceed
– Abhishek Ghosh
Dec 26 at 9:09




I can't understand how to proceed
– Abhishek Ghosh
Dec 26 at 9:09












Alright, do you know how to calculate the amount extra he will pay using $frac{PRT}{100}$
– Prakhar Nagpal
Dec 26 at 9:09




Alright, do you know how to calculate the amount extra he will pay using $frac{PRT}{100}$
– Prakhar Nagpal
Dec 26 at 9:09












Yes I do know that
– Abhishek Ghosh
Dec 26 at 9:11




Yes I do know that
– Abhishek Ghosh
Dec 26 at 9:11




1




1




The question doesn't say, but I assume the time between each payment is to be equal as well. Also, it should state over what period the "10% simple interest" is for, although I assume it is to be per year.
– John Omielan
Dec 26 at 9:28




The question doesn't say, but I assume the time between each payment is to be equal as well. Also, it should state over what period the "10% simple interest" is for, although I assume it is to be per year.
– John Omielan
Dec 26 at 9:28















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