A housing society charges for à flat Rs. 16,00,000 cash or Rs. 5,85,500 cash down payment and three equal half yealy instalments. If the society charges 16% per annum interest compounded half yealy, calculate the value of each instalment. Find also the total interest charged.
A housing society charges for à flat Rs. 16,00,000 cash or Rs. 5,85,500 cash down payment and three equal half yealy instalments. If the society charges 16% per annum interest compounded half yealy, calculate the value of each instalment. Find also the total interest charged.
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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