Question

Amongst the following options, which plan would be economic for the housing loan? (1) Interest 60 on principal of 250 for 15 years (2) Interest 133 on principal of 700 for 2 years (3) Interest * 28 on principal of * 70 for 5 years
(4) Interest * 74 on principal of 3 500 for 2 years.​

Answer 1

Step-by-step explanation:

see the ATTACHMENT friend

Answer 2

Step-by-step explanation:

1) SI=PRT/100=R=100×S.I./PT

60=250×R×1.5/100

R=60000/250×1.5=400/25=16%

R=16%

2)R=100×133/700×2

=133/14=9.5%

3)R=28×100/70×5=8%

4)R=74×100/500×2=7.4%