Mr. Sharma has a debt of Rs. 1078/- which he wants to completely pay off in 6 years. The rate of interest he is charged is 9% pa. Find the value of his yearly installments.

Mr. Sharma has a debt of Rs. 1078/- which he wants to completely pay o

1.	Mr. Sharma has a debt of Rs. 1078/- which he wants to completely pay off in 6 years. The rate of interest he is charged is 9% pa. Find the value of his yearly installments.
A.	Rs.118.35
B.	Rs.126.55
C.	Rs.146.35
D.	Rs.156.25
Answer» D. Rs.156.25

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Mr. Sharma has a debt of Rs. 1078/- which he wants to completely pay off in 6 years. The rate of interest he is charged is 9% pa. Find the value of his yearly installments.

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