A loan of rs 100000 is to be repaid in 30 equal installments payable at the end of each year to cover principal and compound intrest at 12%. Find the amount of installment
Answers
Answered by
0
Answer:
100000×12%=12000
100000+12000=112000/30=3733.333
Answered by
1
Formula is:-
A=V/(1+i)^n-1/i(1+i)^30
Answer is Rs 12413
Similar questions