calculate final amount and emi on a car loans of rs 760000 for a tenure of 1.5 years at the rate of 7.5 pa
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Answer:
875500
Step-by-step explanation:
Principal = 760000
Rate of interest = 7.5
Time = 1.5
Interest = 760000 × 7.5 × 1.5
---------------------------
100
= 7600 × 7.5 × 1.5
= 85500
Interest = 85500
Amount = principal + interest
= 760000 + 85500
= 875500
Therefore final amount is 875500
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