My term loan 3lacs
Int rate 10%
Repayment (No. of instalment) 20qtr
so instalment amount comes to 15000 per quarter... how to calculate interest paid on above?
5 Replies
satish
(teaching)
(2046 Points)
Replied 30 November 2018
there is an error in your query. check all the numbers once again.
either error in loan amount or installment amount.
as per your data, in 20 installments only principal amount can recover. what about interest???
either error in loan amount or installment amount.
as per your data, in 20 installments only principal amount can recover. what about interest???
Nabin Raj Uprety
(Manager @ CA Parmeswaran & Co. )
(168 Points)
Replied 30 November 2018
You can easily find a EMI calculator in google, if there is any doubt I can share u a Excel working
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