Accountancy, asked by fastestmanalive845, 1 month ago

Determine the annual payment necessary to repay a rs 60,000 loan if interest is computed at 10% per year compunded anually. Assume the period of loan is 8 years. How much interest will be paid over 8 year peiod?

Answers

Answered by singhdinkar60

0

Answer:

48000 intrest will be charged

60000*10/100= 6000 per year

Then 8 year = 6000*8=48000

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