Hire purchase
This query is : Resolved
naresh jain
(Querist)
30 September 2012
FINANCE AMT-450000
INTREST RATE-7.5% flat
NO. OF INST-34 MONTH
AGM MODE-ARREARS
PLEASE CALCULATE MONTHLY INST. Amt.
notes:answer is 15750 please working notes send.
i dont understand this answer please reply.
INTREST RATE-7.5% flat
NO. OF INST-34 MONTH
AGM MODE-ARREARS
PLEASE CALCULATE MONTHLY INST. Amt.
notes:answer is 15750 please working notes send.
i dont understand this answer please reply.
Amol S Joglekar
(Expert)
30 September 2012
Assuming interest rate given by your goodself is PER YEAR.: 95625 shall be the interest. EMI would be 450000+95625 /34 = 16048 (rounded off)This is with simple interest rule.
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