Question

Vipul purchases a car for Rs. 5,50,000. He gets a loan of Rs. 5,00,000 at 15% p.a. from a Bank and

balance Rs. 50,000 he pays at the time of purchase. He has to pay the whole amount of loan in 12 equal

monthly instalments with interest starting from the end of the first month. The money he has to pay at

the end of every month is: [Given (1.0125)12 = 1.16075452]​

Answer 1

Answer:

which bank will give him interest rate of 15 percent hahahahah