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Questions and Answers
What is the total amount Mahesh needs to pay, including the interest?
What is the total amount Mahesh needs to pay, including the interest?
- Rs. 1324400
- Rs. 1333400
- Rs. 1351410 (correct)
- Rs. 1342910
What is the compound interest for the first year?
What is the compound interest for the first year?
- Rs. 162200
- Rs. 162300
- Rs. 161940 (correct)
- Rs. 161700
What is the amount of the first instalment?
What is the amount of the first instalment?
- Rs. 335420 (correct)
- Rs. 335540
- Rs. 335580
- Rs. 335600
How much does Mahesh pay as interest over the 4 years?
How much does Mahesh pay as interest over the 4 years?
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What is the present value of the instalments paid by Mahesh?
What is the present value of the instalments paid by Mahesh?
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