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
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.
Price of a T.V, is Rs.19,650 on cash payment or for Rs.3,100 cash down payment and three equal annual instalment. If the rate of interest is 10% p.a compounded annually, calculate the amount of each instalment