What annual installment (in Rs. ) will discharge a debt of Rs. 7848 due in 4 years at 6% simple interest?

What annual installment (in Rs. ) will discharge a debt of Rs. 7848 du

1.	What annual installment (in Rs. ) will discharge a debt of Rs. 7848 due in 4 years at 6% simple interest?
A.	1600
B.	1800
C.	1500
D.	2000
E.	None of these
Answer» C. 1500

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What annual installment (in Rs. ) will discharge a debt of Rs. 7848 due in 4 years at 6% simple interest?

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