Question

Bholu's friend buys a computer at Rs.15,000
He takes a loan from the bank at a 12% rate
of interest per annum. The bank asks him to
pay monthly instalments over two years. What
monthly installment does Bholu's friend pay?​

Answer 1

Ans = ₹1400 for an year

Answer 2

Answer:

₹3,600 IS THE MONTHLY INSTALLMENT TO BE PAID.

Step-by-step explanation:

PARAMETERS GIVEN,

PRINCIPAL = ₹15,000

RATE%=12%

TIME=2 YEARS

SO,

SI = PRT/100

   = (15000*12*2)/100

   = ₹3,600

I HOPE YOU UNDERSTOOD THE QUESTION!!!