prathiba borrows rs.47000 from a finance company to buy her first car. The rate of simple interest is 17 percent and she borrows the money over a 5 years time . find how much amount prathibha should repay the finance company at the end of five years and also find her equal monthly repayments
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Answered by
34
Rate of interest => 17%
Time=> 5years
S.I=P[1+RT/100]
4700[1+13multiplied by5/100]
47000[185/100]
SA=> Rs. 86950
Monthly payment => 86950/12multiplied by5
Your answer is Rs. 1449.1
Time=> 5years
S.I=P[1+RT/100]
4700[1+13multiplied by5/100]
47000[185/100]
SA=> Rs. 86950
Monthly payment => 86950/12multiplied by5
Your answer is Rs. 1449.1
12samalamunnareddy:
how did you get 185
Answered by
13
hi...
Here is your answer....
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