Principal= 300000 Rate 7% period 5 and a quarter year Find out the interest
please fast answe
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Answered by
2
Answer:
The formula used for arriving at the emi is:
emi= [P x R x (1+R) ^n] / [(1+R)^ n-1]
= [P x R x (1+R) ^n] / [(1+R)^ n-1]Here P= Principal loan amount,
Answered by
0
Answer:
128,129
Step-by-step explanation:
A= 300000(107/100)(107/100)(107/100)(107/100)(107/100)
A=3(107/10)^5
A=3(10.7)^5
A= 420766 (approx)
now for the quarter year, we will use simple interest formula
prt/100
420766 * 7 * 1 / 400
SI=7363 (approx)
Final Amount= 420766+7363=428,129
CI= 428,129-300,000=128129
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