prathibha borrows₹47000 from a finance company to buy her first car.the rate of simple intrest is 17% and she borrows the money over a 5 years period.find:(a)how much amount prathibha should repay the finance company at the end of five years.(b)her equal monthly repayments
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Answered by
13
HEY DEAR ...
P = Rs. 47000
R% = 17%
T = 5years
SI = PRT/100
SI = 47000×17×5/100
SI = Rs. 39500
A = P+SI
A = 47000+39500
A = Rs. 86950
Monthly Repayments = 86950÷12
= Rs. 7245.8
HOPE , IT HELPS ...
P = Rs. 47000
R% = 17%
T = 5years
SI = PRT/100
SI = 47000×17×5/100
SI = Rs. 39500
A = P+SI
A = 47000+39500
A = Rs. 86950
Monthly Repayments = 86950÷12
= Rs. 7245.8
HOPE , IT HELPS ...
midhunadhu:
but its not correct
Answered by
7
Money to be repayed= simple interest and principle=39950+47000=86950 Monthly repayments=86950/120=724.58
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