A: The annual interest on the debt is Rs. 1092 (12/100) * 3 = Rs. 325. The annual installment required to discharge the debt is Rs. 325. The answer is (C).
Answer the following multiple choice question with options (a), (b), (c), (d), (e) by reasoning step-by-step.
Q:What annual installment will discharge a debt of Rs. 1092 due in 3 years at 12% simple interest? Answer Choices: A)315 B)345 C)325 D)335 E)None of them