Anu has a debt of Rs 2360/- to repay. What annual installment should she pay to pay it off completely in 4 years at a simple interest of 12% per annum?

Anu has a debt of Rs 2360/- to repay. What annual installment should s

1.	Anu has a debt of Rs 2360/- to repay. What annual installment should she pay to pay it off completely in 4 years at a simple interest of 12% per annum?
A.	Rs. 300
B.	Rs. 400
C.	Rs. 500
D.	Rs. 600
Answer» D. Rs. 600

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Anu has a debt of Rs 2360/- to repay. What annual installment should she pay to pay it off completely in 4 years at a simple interest of 12% per annum?

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