Question

A man bought a radio for Rs. 250. He
I paid Rs. 95 in cash and remaining in instalments of Rs.
15-50 each. Find the number of instalments.​

Answer 1

Answer:

the mathematical formula for calculating EMIs is: EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P stands for the loan amount or principal, R is the interest rate per month [if the interest rate per annum is 11%, then the rate of interest will be 11/(12 x 100)], and N is the number of monthly instalments.

Answer 2

Answer:

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