Home
Class 8
MATHS
Prathibha borrows ₹47000 from a finance ...

Prathibha borrows ₹47000 from a finance company to buy her first car. The rate of simple interest is 17% and she borrows the money over a 5 year period. Find Her equal monthly repayments.

Text Solution

Verified by Experts

The correct Answer is:
₹. 1449.1
Promotional Banner

Similar Questions

Explore conceptually related problems

Prathibha borrows ₹47000 from a finance company to buy her first car. The rate of simple interest is 17% and she borrows the money over a 5 year period. Find How much amount Prathibha should repay the finance company at the end of five years.

A sum of ₹2500 is borrowed at a rate of 12% per annum for 3 years. Find the simple interest on this sum and also the amount to be paid at the end of 3 years.

Sudhakar borrows ₹15000 from a bank to renovate his house. He borrows the money at 9% p.a. simple Interest over 8 years. What are his monthly repayments?

Kamala borrowed ₹26400 from a bank to buy a scooter at a rate of 15% per annum compounded yearly. What amount will she pay at the end of 2 years and 4 months to clear the loan?