Principal Amount 100,000

Rate 9%
Term 3

What is amount of money to be paid at the end of each Year

Period Payment Interest Part of Principal

1 ₹ -39,505 9,000 -30,505.48
2 ₹ -39,505 6,254.51 -33,250.97
3 ₹ -39,505 3,261.92 -36,243.56

IMP ₹ -30,505.48
-100,000.00
Balance
69,494.52
36,243.56
-
Principal Amount 150,000
Payment after each period -41000
Term 5

What is the Rate of interest applied by the bank in this case.

Rate of Interest 11.41%

Principal Amount 220000
Payment after each pe -60000
Rate of Interest 0.14

What is the time for which payments will be made to repay this loan?

Number of periods 5.50