Accountancy, asked by prnce321, 1 month ago

Interest on loan @12% P.A for 1 month . Loan amount is Rs.20000

Answers

Answered by DARAKSHAPARWEZ

Answer:

If you borrow $20,000 at 5.00% for 5 years, your monthly payment will be $377.42. Your total interest will be $2,645.48 over the term of the loan. Note: In most cases, your monthly loan payments won't change over time.

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