# What annual installment will discharge a debt of Rs 10866 in 5 years at 10% simple interest?

 Correct Answer: Description for Correct answer: By using formula, Installment = $$\Large \frac{6450 \times 100}{4 \times 100+ \left(3+2+1\right) } \times 5$$ =$$\Large \frac{6450 \times 100}{4 \times 100+ \left(3+2+1\right) } \times 5$$ =$$\Large \frac{6450 \times 100}{430}$$ Installment = Rs.1500 Hence value of installment= Rs.1500Note: We have explained formula in previous questions.Part of solved Simple and compound interest questions and answers : >> Aptitude >> Simple and compound interestCommentsSimilar Questions No worries! We‘ve got your back. Try BYJU‘S free classes today!Right on! Give the BNAT exam to get a 100% scholarship for BYJUS coursesNo worries! We‘ve got your back. Try BYJU‘S free classes today!No worries! We‘ve got your back. Try BYJU‘S free classes today!No worries! We‘ve got your back. Try BYJU‘S free classes today!Open in App Suggest Corrections0 SSC CPO Tentative Answer Key for the SSC CPO Exam held from 9th to 11th November 2022 has been released. Candidates can raise objections against the answer key from 16th to 20th November 2022 against a fee of INR. 100 per question. SSC CPO Admit Card Link for CR, NER, MPR Region & Application Status for CR, WR, NR, NER, ER, MPR, KKR, SR Regions active! The Staff Selection Commission had released the exam date for Paper I of the SSC CPO 2022. As per the notice, Paper I of the SSC CPO is scheduled to be held from 9th November to 11th November 2022. The candidates can check out the SSC CPO Exam Analysis to check the difficulty level and good attempts for each shift exam.