Question

monthly payments of P 1,000 for 9years that will start 9 months from now?given,solution answer

Answer 1

Answer:

99000

Step-by-step explanation:

9 year contain month = 108

payment of 108 month = 108x1000

= 108000

9 mouth payment = 9000

remove 9 mouth payment from 9 year payment = 108000-9000

= 99000

Answer 2

Given: Principle = Rs. 1000

          Time = 9 years, 9 months from now

To find: Monthly payments

Solution:

9 year = 108 months

Payment of 108 months = 108 x 1000

                                        = 108000 Rupees

Payment for 9 month = Rs. 9000

Subtracting 9 months from 108 months = 108000-9000

                                                                  = 99000 will be the time duration