Ram took a loan of rupees 160000 from a finance company to buy a car if the company charges interest at 20% per annum compounded quarterly what amount will discharge his debt after 1 year.
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Hi,
Based on your data, please find the details.
Input :
Deposit Amount = 16000
Interest % (Per Year) = 20
Interest Frequency = Half Yearly
Tenure (In Months) = 24
Results:
Interest Earned = ₹ 6896.2
Based on your data, please find the details.
Input :
Deposit Amount = 16000
Interest % (Per Year) = 20
Interest Frequency = Half Yearly
Tenure (In Months) = 24
Results:
Interest Earned = ₹ 6896.2
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