What annual installment will discharge a debt of Rs. 1260 due in 3 years at 12% simple interest? Select.
A) 315	B) 345	C) 325	D) 375	E) None of them
Let each Installment be Rs. x   Then, ( x+ ((x*12*1)/100)) + (x+ ((x*12*2)/100) ) + x = 1260   =((28x/25) + (31x/25) + x) = 1260 ïƒ› (28x+31x+25x)=(1260*25)   x= (1260*25)/84 = Rs.375.   Therefore,	Each installment = Rs. 375.   Answer is 375.
<result>D</result>
What annual installment will discharge a debt of Rs. 1260 due in 3 years at 12% simple interest?