What are the payments on a Rs. 40,000 loan repaid monthly for six year (r = 7%)?

Asked by Last Modified  

7 Answers

Learn Mathematics +2 Annuities

Follow 3
Answer

Please enter your answer

Sujoy Das

JU-IITKGP & 10+ years experienced for boards, JEE,NEET,OLYMPIAD & 5-12

SI= PRT/100 =40,000*7*72/1200. By Solving It. 16,800 RS. Amount = Si + Principal =16800+40000 = Rs. 56,800.
Comments
Dislike Bookmark

Btech/BE Tutoring

Rs. 594.44 as monthly installment for 6 years.
Comments
Dislike Bookmark

Simple interest is Rs. 16800 and total amount is Rs. 56800.
Comments
Dislike Bookmark

Math Magician

As we know that SI= PRT/100 =40,000*7*72/1200. By Solving It. 16,800 RS. Amount = Si + Principal =16800+40000 = Rs. 56,800.
Comments
Dislike Bookmark

Tutor

Rs. 233.3 per month for six years.
Comments
Dislike Bookmark

Math Teacher

If calculated on simple interest you will have to pay Rs. 789 per month.
Comments
Dislike Bookmark

VBA Expert

Rs. 49101.12.
Comments
Dislike Bookmark

View 5 more Answers

Related Questions

If HCF (6, a) = 2 and LCM (6, a) = 60, then find a.
60 * 2 = 6 * a a= 10
Khushwunder
0 0
9
What is the formula for geometric mean?
if a,b,c are in gp then GM b=√(a*c)
Brunda
What is the difference between Arithmetic mean and Geometric mean?
If x, y are two no then AM=(x+y)/2 and GM = (xy)^(1/2).
Ambar
0 0
8
How to find whether a sequence of numbers are in Arithmetic Progression or not?
Verify if the difference between the consecutive terms is the same.
Avinash
Is geometry or algebra harder?
It depends, who is interested in art and physics they can easily understand geometry. where as algebra is doing lengthy steps and finding the unknown, it is is but not that much interesting to work.
Benjamin
0 0
7

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

Ask a Question

Related Lessons

SURFACE AREA OF CUBE
#As shown in the above diagram The cube has 6 square surfaces.they are equal in area. # The cube has 12 equal edges or sides TOTAL SURFACE AREA OF CUBE:- If edge(side) of the cube = a Then,Total...

Ramakrishna Dhooli

0 0
0
Trick to easily remember values of trigonometric ratios
Trigonometric ratios for class X: #Trick to remember values of trigonometric ratios of special Angles: 0° 30° 45° 60° 90° P 0 1 1 √3 1 B 1 √3 1 1 0 H 1 2 √2 2 1 now,...

Vishal Kumar Singh

0 0
0
L-1-Real Numbers Ex-1.1 Q6

Megha N.

0 0
0
Class-10 L-5 Arithmetic Progressions Ex-5.2 Q2 (ii)

Ashish Bhatia

0 0
0
Probability Brief Lesson plan
Classes explore different scenarios using manipulatives to learn about the difference between independent and dependent probability. Learners experiment with colored chips to model the two types of probabilities....

Abhishek Sharma

0 0
0

Recommended Articles

Meet Swati, a Hindi Tutor from Bangalore

Swati is a renowned Hindi tutor with 7 years of experience in teaching. She conducts classes for various students ranging from class 6- class 12 and also BA students. Having pursued her education at Madras University where she did her Masters in Hindi, Swati knows her way around students. She believes that each student...

Read full article >

Meet Mohammad Wazid, a skilled trainer for...

Mohammad Wazid is a certified professional tutor for class 11 students. He has 6 years of teaching experience which he couples with an energetic attitude and a vision of making any subject easy for the students. Over the years he has developed skills with a capability of understanding the requirements of the students. This...

Read full article >

Quest Academy - Institute of the month

Quest Academy is a professional Bangalore based NEET and JEE (Main + Advanced) training institute. The academy was incorporated in 2015 to cater to the needs of students, who aim to crack competitive exams by connecting with the best brains around. The institute helps students enhance their skills and capabilities through...

Read full article >

Meet Sandhya R, a B.Sc tutor from Bangalore

Sandhya is a proactive educationalist. She conducts classes for CBSE, PUC, ICSE, I.B. and IGCSE. Having a 6-year experience in teaching, she connects with her students and provides tutoring as per their understanding. She mentors her students personally and strives them to achieve their goals with ease. Being an enthusiastic...

Read full article >

Find Class 10 Tuition near you
Class 10 Tuition in Delhi
Class 10 Tuition in Bangalore
Class 10 Tuition in Hyderabad
Class 10 Tuition in Kolkata
Class 10 Tuition in Chennai
Class 10 Tuition in Mumbai
Class 10 Tuition in Pune
Class 10 Tuition in Noida
Class 10 Tuition in Lucknow
Class 10 Tuition in Gurgaon
Online Tuition Class 10

Looking for Class 10 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you