a loan is repaid in 4 equal quarterly installments of 4000 including principal and interest at 16 %pa what was the amount of the loan?
Answers
Answered by
0
Answer:
THE AMOUNT IS ₹4213.33
Step-by-step explanation:
PARAMETERS GIVEN,
PRINCIPAL = ₹4000
TIME = 1/3 YEAR
RATE = 16%
SO,
SI = PRT/100
= (4000*16*1)/3*100
= 640/3
= ₹213.33
SO,
AMOUNT = PRINCIPAL+INTEREST
= ₹4000+₹213.33
= ₹4213.33
I HOPE YOU UNDERSTOOD THE QUESTION!!!
Answered by
0
Answer:
Total amount is 13440
Step-by-step explanation:
Total payable amout with interest = 4000 X 4
= 16000
Total amount = 16000 - 16% of 16000
Total amount = 16000 - 16000 X 16/100
Total amount = 16000- 2560
Total amount = 13440 ans.
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