Pratibha borrows rs.47000/- from a finance company to buy her first car.The rate of simple interest is17% and she borrows the money over a 5 year period find:(a) how much amount Pratibha should repay the finance company at the end of five years.(b) her equal monthly repayments
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Answered by
136
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
Answered by
42
ptr
__
100
47000×5×17
__________
100
39950+47000
86950
__
100
47000×5×17
__________
100
39950+47000
86950
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