Chemistry, asked by baisakhiyaent, 11 hours ago

Sanjay borrowed from a chit fund company 21,00,000 at 15% interest per annum.What is the amount that he will pay after 5 years? 1000004

Answers

Answered by Kimjennie2007

2

Answer:

How to calculate the chit fund scheme interest rate - Quora. There is no “Interest Rate “ in Chit Funds. The difference between Chit Face Value and Bid amount is divided among subscribers in Group after deducting Foremans Commission.

hope it helps you:)

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