$273 ,000 being the equal installments for all the three years
Explanation:
I year interest = $ 630,000 ×15÷100 = 94,500
![I year interest = $ 630,000 ×15÷100 = 94,500](https://tex.z-dn.net/?f=I%20year%20interest%20%20%3D%20%24%20630%2C000%20%C3%9715%C3%B7100%20%3D%2094%2C500)
II year interest = $420,000×15÷100 = 63,000
![II year interest = $420,000×15÷100 = 63,000](https://tex.z-dn.net/?f=II%20year%20interest%20%3D%20%24420%2C000%C3%9715%C3%B7100%20%3D%20%2063%2C000)
III year interest = $210 ,000×15÷100 = 31,500
![III year interest = $210 ,000×15÷100 = 31,500](https://tex.z-dn.net/?f=III%20year%20interest%20%3D%20%24210%20%2C000%C3%9715%C3%B7100%20%3D%20%2031%2C500)
Total interest = 94,500+63,000+31,500 = 189.000
![Total interest = 94,500+63,000+31,500 = 189.000](https://tex.z-dn.net/?f=Total%20interest%20%3D%2094%2C500%2B63%2C000%2B31%2C500%20%3D%20189.000)
Installments payment with interest for each year is=
(630,000 + 189,000 = 819,000÷ 3 = 273,000)
![(630,000 + 189,000 = 819,000÷ 3 = 273,000)](https://tex.z-dn.net/?f=%28630%2C000%20%2B%20189%2C000%20%3D%20819%2C000%C3%B7%203%20%3D%20273%2C000%29)
= $273 ,000 being the equal installments for all the three years