Ram has borrowed Rs 5 lakhs from a bank on the interest rate of 12 for 10 years Find the EMI What will be the EMI, If a person borrowed 10,00,000 from a finance company on the interest rate 10 for 7 years What are the merits and demerits of reducing balance and flat rate of interest What are the me...

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Ram has borrowed Rs.5 lakhs from a bank on the interest rate of 12% for 10 years.

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Ram has borrowed Rs.5 lakhs from a bank on the interest rate of 12% for 10 years. Find the EMI.
What will be the EMI, If a person borrowed 10,00,000 from a finance company on the interest rate 10% for 7 years?
What are the merits and demerits of reducing balance and flat rate of interest?
What are the merits and demerits of fixed and floating rates of interest?
Find out some merits of EMI?

Posted Date: Jun 11, 2024 03:17 PM

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Ram has borrowed Rs.5 lakhs from a bank on the interest rate of 12% for 10 years.

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