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Let the amount be 100 units Interest = 15% 4th year -------------- 100 unit -------------45 (Interest of 3 years) [Interest is at the end] 3rd Year -------------- 100 unit ----------- 30 2nd Year --------------100 unit ------------ 15 1st Year ---------------100 unit ------------- 0 Total Interest = 45 + 30 + 15 + 0 = 90 Total Amount = 400 + 90 = 490 units 490 units = 1960 1 unit = 400 Formula Method :- Formula for Annual Payment/ Annual Income / Annual Installment = (Due Debt ×100)/(100 ×t+ (r × t ×(t-1) )/2) = (1960 ×100)/(100 ×4+ (15 × 4 ×(4-1) )/2) = 196000/(400+90) = 400
How much Government assistance is given under SFURTI in Regular Cluster (500 artisans)?
Which one of the following districts of Uttar Pradesh meets the border with Uttarakhand, Haryana and Himachal Pradesh?
According to Census of India 2011, in rural India, which state has the maximum female workforce participation rate?
International Migrants Day is observed on which date?
Krishna River flows in which state/states of India?
With the inclusion of Garba in 2023, how many cultural items from India have been featured on the UNESCO list of Intangible Cultural Heritage?
Which of the following is NOT a characteristic of money?
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There is a water tank in the form of a rectangular parallelepiped of height 1.1 m and a square base of side 2 m. If a full tank of water is drained out...