Find the sum of money that amounts to₹26000 in 5 years ta the intere

1.	Find the sum of money that amounts to₹26000 in 5 years ta the interest rate of 6% per
Answer» ong>Step-by-step explanation: Here, P= PRINCIPAL LOAN amount, R= Rate of interest, n= Number of monthly instalments. An EXAMPLE: Assuming, P= Rs 3 LAKH, R= 15 percent per annum= 15/12= 1.250 per month, N= 60 months EMI = =((3000001.250/100(1+1.250/100)^60/((1+1.250/100)^60-1))) = Rs 7,137

Find the sum of money that amounts to₹26000 in 5 years ta the interest rate of 6% per

Answer»

ong>Step-by-step explanation:

Here, P= PRINCIPAL LOAN amount, R= Rate of interest, n= Number of monthly instalments.

An EXAMPLE:

Assuming, P= Rs 3 LAKH, R= 15 percent per annum= 15/12= 1.250 per month, N= 60 months

EMI = =((300000*1.250/100*(1+1.250/100)^60/((1+1.250/100)^60-1))) = Rs 7,137

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Find the sum of money that amounts to₹26000 in 5 years ta the interest rate of 6% per​

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Find the sum of money that amounts to₹26000 in 5 years ta the interest rate of 6% per