if you took a loan about 450000 at the rate of 8% for about 4 years with the down-payment of 180000 , now how much you have to or we have to give?
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total loan taken (P) = ₹450000
rate of interest = 8%
time = 4 years
S.I = p×r×t = 450000×8×4/100 = 144000
Amount = 450000+144000 = 594000
down payment = ₹180000
Amount needed to be given
= 594000- 180000
= ₹ 414000
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