jacobanderson43
08.10.2020 •
Mathematics
Procedure: Go through the above advertisement of a Motor Company:
Step1: Choose a car of your choice from the given advertisement.
/ / /
Step2: Find the total amount is to be repaid at the end of 5 years if the interest is
compounded annually.
Step3: If a National bank offers the loan at the rate of 12% p.a at Simple interest,
which offer would you prefer? Give reason. Show the calculations with proper
steps.
Step4: If you are asked to pay the amount back in 60 installments, what will be your
EMI (Equated Monthly Installment)?
Solved
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