SOLUTION: A man borrowed rs 500 from his friend and decided to return this amount in four equal installments of rs 150 each at the end of 3,6 and 9 months.Find the rate of simple interest pe
Algebra.Com
Question 1119126: A man borrowed rs 500 from his friend and decided to return this amount in four equal installments of rs 150 each at the end of 3,6 and 9 months.Find the rate of simple interest per annum if the first installment is given in the beginning?
Answer by ikleyn(52810) (Show Source): You can put this solution on YOUR website!
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This formulation is self-contradictory, since it tells about four installments, but then lists only three equal installments.
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