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

Tutor

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

Btech/BE Tutoring

Rs. 594.44 as monthly installment for 6 years.

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.

Tutor

Rs. 233.3 per month for six years.

Math Teacher

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

VBA Expert

Rs. 49101.12.

Simple interest is Rs. 16800 and total amount is Rs. 56800.

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