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Explanation:
Let the amount due after 4 years is Rs 100
If the instalment is started after I year then at the end of 4 years from now, it will be equivalent in paying
Rs.3×4×100\100+100= Rs.112
Similarly 2nd, 3rd, 4th instalment will be equal to Rs.108, Rs.104 and Rs.100 due after 4 years from now.
Total amount, discharged by this four instalments due after 4 years is Rs.112+Rs.108+Rs.104+Rs.100 = Rs.424
If the amount due is Rs.424, then the instalment is Rs.100
If the amount due is Rs.848, then the instalment is
848×100\424= Rs.200
Explanation:
Let the amount due after 4 years is Rs 100
If the instalment is started after I year then at the end of 4 years from now, it will be equivalent in paying
Rs.3×4×100\100+100= Rs.112
Similarly 2nd, 3rd, 4th instalment will be equal to Rs.108, Rs.104 and Rs.100 due after 4 years from now.
Total amount, discharged by this four instalments due after 4 years is Rs.112+Rs.108+Rs.104+Rs.100 = Rs.424
If the amount due is Rs.424, then the instalment is Rs.100
If the amount due is Rs.848, then the instalment is
848×100\424= Rs.200