kyle borrows 25000 at 6% p.a Simple interest in 4 years. calculate the montly repayment required to pay this loan in 48 equal installments
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Answered by
2
Answer:
Rs. 6000
Step-by-step explanation:
Principal amount = Rs 25000
Rate = 6% per annum
Time = 4 years
SI= PRT / 100
= 25000 x 6 x 4 / 100
= Rs. 6000
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Answered by
1
Principal amount = Rs 25000
Rate = 6% per annum
Time = 4 years
SI= PRT / 100
= 25000 x 6 x 4 / 100
= Rs. 6000
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