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@507 tallinears . (a) Sneha borrows Rs. 100000 for her new business at a monthly interest of 1.25 per cent. The loan is to be
@507 tallinears . (a) Sneha borrows Rs. 100000 for her new business at a monthly interest of 1.25 per cent. The loan is to be repaid in 12 equal monthly installments, payable at the end of each month. Prepare the loan amortization schedule. [4 Marks] (6) If you invest Rs. 10000 today at a compound interest of 9 per cent, what will be its future value after 50 years. [2 Marks)
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