EMI Calculation with Compound Interest
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Questions and Answers

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?

  • Rs. 162200
  • Rs. 162300
  • Rs. 161940 (correct)
  • Rs. 161700

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?

<p>Rs. 192250 (A)</p> Signup and view all the answers

What is the present value of the instalments paid by Mahesh?

<p>Rs. 1165000 (A)</p> Signup and view all the answers

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