Question

a person borrows rs 500000 for purchase of the flat rate at 8% per annum reducing balance interest rate .find emi for a period of 10 years .calculate corresponding flat interest
rate​

Answer 1

Answer:

principal =500000

time =10YEARS

RATE =8%

INTEREST=P×R×T/100

Step-by-step explanation:

500000×8×10/100

400000