Question

18000 rupees needs to be paid. A down payment of 4000 is done and the remaining amount needs to be paid with an interest 0f 12% in 5 years. What is the amount to be paid in each month

Answer 1

14000 with interest rate of 12 become 15680 rs in total

in 1year amount to be paid=3136 rs

in one month amount to be paid=261.33rs