Loan Amortization Quiz
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Questions and Answers

What is the amount of the yearly instalment for the loan?

  • Rs. 2,142,857 (correct)
  • Rs. 2,500,000
  • Rs. 3,156,319
  • Rs. 3,000,000

    • What is the total interest paid over the seven years for the loan?

  • Rs. 1,500,000
  • Rs. 1,200,000
  • Rs. 2,100,000
  • Rs. 2,500,000 (correct)

    • What is the outstanding balance after the fourth yearly instalment?

  • Rs. 4,285,714 (correct)
  • Rs. 5,000,000
  • Rs. 6,500,000
  • Rs. 1,500,000

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