What is the EMI of a loan of Rs. 55,000 if repaid in 5 years at the rate of 5% p.a on the outstanding amount at the beginning of each year.
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Answered by
1
Answer:
55,000 Monthly Salary. If your monthly income is Rs. 55,000 net, your Home Loan EMI can be a maximum of Rs. 22,500, as per the 50% rule
Answered by
0
Answer:
550
Step-by-step explanation:
I did it like this.
first calculated 55000÷5
and next multiplied 5%to the answer got for
total answer is 550.
clarify it
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