What annual installment will discharge a debt of Rs. 1092 due in 3 years at 12% simple interest?
Select the correct option
A) 315	B) 345	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 = 1092   =((28x/25) + (31x/25) + x) = 1092  (28x+31x+25x)=(1092*25)   x= (1092*25)/84 = Rs.325.   Therefore,	Each installment = Rs. 325.   Answer is 325.
<result>C</result>
What annual installment will discharge a debt of Rs. 1092 due in 3 years at 12% simple interest?