Economy, asked by sy023095, 1 month ago

Ramarao purchased a new tractor for his farm by taking a laon for 6 years.indentify and explain the concepts from the given illustration.

Answers

Answered by phenomenal622

0

Answer:

If the tractor cost's ₹700000(7 lakh) at 5% annual rate for 6 years then

EMI will be 11,273.46

Total Payment 811,688.61

Total Interest 111,688

Total Principal 700000

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