If the rate of interest is 4% p.a. compounded annually. For the loan of Rs.3,90,200 is to be paid back in three equal annual instalments. Find the instalment
Cost of the car is Rs.4,02,200 cash or for Rs.1,50,000 cash down payment and 3 equal half yearly instalments. Find the value of each instalment if the rate of interest is 10% p.a. compounded half yearly.
A TV is available for Rs. 39,300 cash or for Rs. 12,820 cash down payment and three equal half yearly instalments. If the dealer charges interest at the rate of 20% per annum compounded annually calculate each instalment.