What annual instalment will discharge a debt of Rs 1092 due in 3 years at 12% simple interest? Choose the correct choice from the following choices:
A) 325 B) 234 C) 998 D) 277 E) 991
Let each instalment be Rs.x .   1st year = [x + (x * 12 * 2)/100]   2nd year = [ x + (x *12 * 1)/100]   3rd year = x   Then, [x + (x * 12 * 2)/100] + [ x + (x *12 * 1)/100] + x =1092   3x + ( 24x/100 ) + ( 12x/100 ) = 1092   336x =109200   x = 325   Each instalment = Rs. 325   325nswer: 325) Rs.325
<result>A</result>
What annual instalment will discharge a debt of Rs 1092 due in 3 years at 12% simple interest?