Prathibha borrows rs. 47000 from a finance companyto buy her 1st car the rate interst 17% & she borrows the money
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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
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
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