How to calculate instant ime of 100000 ?

Asked by Last Modified  

6 Answers

+1 Banking and Insurance

Follow 0
Answer

Please enter your answer

Kavita Manihar

English Tutor

Time value of money
Comments
Dislike Bookmark

Accounting And Maths Teacher

Information is not sufficient provide rate of interest and no. of installments and period.
Comments
Dislike Bookmark

Formula to calculate E.M.I is / where P ( principal) = Rs.100000, You need to define I ( interest rate per month) and the n(tenure) in months. Interest outflow is more in the initial period and principal is more in E.M.I in later part of the loan duration.
Comments
Dislike Bookmark

ACCOUNTANCY EXPERTISE, Maths expert till 10th

Say Principal=1 Lac Int 12% Year 1. EMI = 100000*1/100(1+1/100)^12 divided by ((1+1/100)^12-1) use "Full Calculation" option. mentioned as "F" ; Cut ; 5/4 of calculator we will find 101/100^12= 1.126825 multiply by 1000 and second block results comes (1126.825-1=.126825). now devide 1.12685/.12685...
read more
Say Principal=1 Lac Int 12% Year 1. EMI = 100000*1/100(1+1/100)^12 divided by ((1+1/100)^12-1) use "Full Calculation" option. mentioned as "F" ; Cut ; 5/4 of calculator we will find 101/100^12= 1.126825 multiply by 1000 and second block results comes (1126.825-1=.126825). now devide 1.12685/.12685 So EMI is Rs 8885/-. (Now for Interest portion 100000/- 1% (12/12 p.month)=1000/- . Subtract Rs 1000 from 8885/- it comes to 7885/- as principal and 1000/- as interest. Next month (100000-7885=92115 as principal and interest 1% of 92115/- i.e 921 so breakup of 2nd installment (8885-921=7964). 3rd installment (92115-7964=84151 and interest is 842 principal is 8885-842=8043 and so on. Just note down on a paper in vertical form for easy understanding. read less
Comments
Dislike Bookmark

Say Principal=1 Lac Int 12% Year 1. EMI = 100000*1/100(1+1/100)^12 divided by ((1+1/100)^12-1) use "Full Calculation" option. mentioned as "F" ; Cut ; 5/4 of calculator we will find 101/100^12= 1.126825 multiply by 1000 and second block results comes (1126.825-1=.126825). now devide 1.12685/.12685 So...
read more
Say Principal=1 Lac Int 12% Year 1. EMI = 100000*1/100(1+1/100)^12 divided by ((1+1/100)^12-1) use "Full Calculation" option. mentioned as "F" ; Cut ; 5/4 of calculator we will find 101/100^12= 1.126825 multiply by 1000 and second block results comes (1126.825-1=.126825). now devide 1.12685/.12685 So EMI is Rs 8885/-. (Now for Interest portion 100000/- 1% (12/12 p.month)=1000/- . Subtract Rs 1000 from 8885/- it comes to 7885/- as principal and 1000/- as interest. Next month (100000-7885=92115 as principal and interest 1% of 92115/- i.e 921 so breakup of 2nd installment (8885-921=7964). 3rd installment (92115-7964=84151 and interest is 842 principal is 8885-842=8043 and so on. Just note down on a paper in vertical form for easy understanding. read less
Comments
Dislike Bookmark

ACCOUNTS TEACHER

Rs. 1,00,000/PVAF (r%, n years).
Comments
Dislike Bookmark

View 4 more Answers

Related Questions

What skills should a Bcom student build?
Financial skills, IT skills for softwares related to finance and accounts, Communication skills, Personality skills, Skills to develop confidence, Etc. Wishing you all the best.
Nishant
0 0
View Comments8
I want to give coaching of fundamental accounting,cost and management accounting,statistics,maths at my home. But my mother tongue is Hindi.Can I teach at my home place?
Of course you can
Amandhiman
I have completed class 12 without one subject maths and my graduation first year include math subject. Can I do mca?
Yes. You can.
Shaikh
How to be fast in Accounting?
Accounting as a practical subject is very scoring, time management is also very important in accounts, as practice make man perfect, the the more you practice the practical question the more you get fast...
Aditya
I have studied my degree bcom in st marys degree college. but i discontinued in 3rd year in 2014. not in 2016 is it possible for me to get re-admission in 3rd year and write regulars exam in march/april.
Yes you can get re admission in third year and continue under regular stream. Let me know whether you come under Osmania University or not.
Jasper
0 0
View Comments8

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Valuation of stock
Stock valuation is a cumbersome process. A business can adopt numerous methods of valuation of stock viz , FIFO, LIFO, AVERAGE, WEIGHTED AVERAGE, etc Irrespective of the usage of various method of...

Vijayakumar V.

1 0
View Comments0
Essential Elements of a Valid Contract
Essential Elements of a Valid Contract: (i) Agreement: In order to constitute a contract, there must be an agreement in first place. An agreement in turn is composed of two elements-offer and acceptance....

Fr Prashanth Reddy

Introduction To Partnership Firms
Fundamentals of partnership: A partnership comes into existence by an agreement. This agreement can be verbal or written. When two or more individuals enter into a partnership and sign a written agreement...

Srishti Agrawal

1 0
View Comments0
How To Record Sale Of Services On Account In Quickbooks?
Keeping track of sales is a critical need for any business, and the QuikBooks accounting packages allows for easy tracking and accounting of the sales and payments made. Sales can be recorded by creating...
K

Khushboo B.

1 0
View Comments0
Memorizing the Balance Sheet
Liability Side Soman Rocked Sajan Under Coconut Palm Soman - Share Capital Rocked - reserves & Surplus Sajan - Secured Loans Under - Un Secured Loans Coconut - Current Liabilities Palm - Provisions ...

Manish Gupta

0 0
View Comments0

Recommended Articles

How To Choose The Right School For Children?

Quality education does not only help children to get a successful career and life, but it also hugely contributes to society. The formal education of every child starts from school. Although there are numerous schools, parents find it challenging to choose the right one that would fit their child. It is difficult for them...

Read full article >

Top Benefits of e-Learning

With the current trend of the world going digital, electronic renaissance is a new movement that is welcomed by the new generation as it helps makes the lives of millions of people easier and convenient. Along with this rapidly changing movement and gaining popularity of Internet, e-Learning is a new tool that emerging...

Read full article >

5 Engaging Activities For Children To Get...

Learning for every child starts from a very young age. While the formal methods include school curriculums and private lessons, the informal methods include dancing, music, drawing, and various fun-filling activities. Playing games and practising these types of activities helps the children get out of boredom and...

Read full article >

6 Healthy Habits of School Children

While schools provide formal education to the children, the home is where they start learning about things informally. Parents think that schools will take the initiative to educate their children. Well, this is partially true, as parents also play an essential role in bringing up their child. For the development of particular...

Read full article >

Find BCom Tuition near you
BCom Tuition in Delhi
BCom Tuition in Mumbai
BCom Tuition in Bangalore
BCom Tuition in Hyderabad
BCom Tuition in Chennai
BCom Tuition in Kolkata
BCom Tuition in Pune
BCom Tuition in Gurgaon
BCom Tuition in Jaipur
BCom Tuition in Ghaziabad

Looking for BCom Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you