What annual installment will discharge a debt of Rs. 1176 due in 3 years at 12% simple interest? Pick.
A) 315
B) 350
C) 325
D) 335
E) None of them
Let each Installment be Rs. x   Then, ( x+ ((x*12*1)/100)) + (x+ ((x*12*2)/100) ) + x = 1176   =((28x/25) + (31x/25) + x) = 1176 ïƒ› (28x+31x+25x)=(1176*25)   x= (1176*25)/84 = Rs.350.   Therefore,	Each installment = Rs. 350.   Answer is 350.
<result>B</result>
What annual installment will discharge a debt of Rs. 1176 due in 3 years at 12% simple interest?