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X borrowed an amount of Rs.50000 for 8 years at 18% rate of interest. What shall be the monthly payment. X wants to receive Rs.40000
X borrowed an amount of Rs.50000 for 8 years at 18% rate of interest. What shall be the monthly payment.
X wants to receive Rs.40000 per annum for 20 years by investing at 5%. How much will have to invest now?
X wants to receive a fixed amount for 15 years by investing Rs.9 lac at 9% interest rate. How much he will receive annually.
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We apply this formula A r 1 1 1r n where R represents the amount per payment period n ...Get Instant Access to Expert-Tailored Solutions
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