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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</p> Signup and view all the answers

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

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

EMI Calculation with Compound Interest

Choose a study mode

Podcast

Questions and Answers

What is the total amount Mahesh needs to pay, including the interest?

What is the compound interest for the first year?

What is the amount of the first instalment?

How much does Mahesh pay as interest over the 4 years?

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

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