Documente Academic
Documente Profesional
Documente Cultură
976667
24
Loan
Interest
Time
Rate
Rs.
Rs.
200,000.00
124,640.32
5 years
Rs.
324,640.20
Installment
1640
98400
0.0082
1640
98400
162000
Loan Amount
Interest rate (compound)
Installment
Interset
No. of payments
Interset per period
Interest rate per period (f
2705.34
100
100000
0.82
820
49200
100000
21% p.a.
Rs. 2,705.34
Rs. 62,320.16
60
Rs. 1,038.67
1038.669
1.0386693333 %
62320.16
i.e. for very 100 Rs. Of loan taken a person would have to pay
Rs.1 per month for 5 years.