 Hi friends and how are you all today? My name is Priyanka and let us discuss this question. It says a man borrows Rs 36,410 from a finance company and has to repay it in three equal annual installments. Find the amount of each installment if the rate of interest is 10% per annum compounded annually. So here let the value of each installment be equal to Rs B. Let rate of interest in the formula used as small r that is 10% per annum. The amount that he needs to pay back is Rs 36,410. Right, so we have the formula to find out the installment that is az equal to 100 into p upon r bracket 1 minus 1 plus r upon 100 raised to the power minus n bracket closed. Further we just need to substitute the value so we have 36,410 equal to 100 p upon r that is 10% bracket 1 minus 1 plus 10 upon 100 raised to the power minus 3. Which is further equal to 36,410 equal to 10 p bracket 1 minus 11 by 10 raised to the power minus 3. Which is further equal to 36,410 divided by 10 equal to p 1 minus its value can also be determined as 10 upon 11 raised to the power 3. Right, so we have 36,41 equal to p 1 minus 1000 divided by 1 double 3,1 that is the cube of 11 and 10. So we have 36,41 equal to p 1 double 3,1 minus 1000 divided by 1 double 3,1. So we have 36,41 into 1 double 3,1 divided by the subtracted amount that is 331 is equal to p which is coming out to be rupees 14,641. So the value of each installment is rupees 14,641 and this is the required answer for this question. Hope you understood it well. Do take care of your calculations and have a nice day ahead.