Ram wishes to purchase a house for ₹ 15,00,000 and made a down payment of ₹ 5,00,000. If he can amortize the balance at 9% per annum compounded monthly for 25 years, then his EMI is: [Given $(1.0075)^{300} ≈ 9.41$]

Renu takes a loan of ₹12,00,000 with 12% annual interest for 10 years on flat rate basis..

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A person has purchased a home for Rs.10,00,000 with down payment of Rs 2,00,000. He amortize the balance at 9% per annum compounded monthly for 25 years then the equal monthly installment (EMI) is:

[Given that: $\frac{(1.0075)^{300} - 1}{(.0075)(1.0075)^{300}} = 119.1616]$

Let $r_e$ denote the effective rate corresponding to the nominal rate r, compounded m times in a year. Let P be the principal and rate per conversion period is $i=\frac{r}{m}$, then effective rate of interest is:

A washing machine costing ₹40000 has an estimated useful life of 4 years and a scrap value of ₹5000. The depreciation rate percentage is:

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A man takes a personal loan worth Rs.3,00,000 at an interest rate of 6% per annum compounded monthly to be repaid by equal monthly installments in 3 years, then the EMI using flat rate method will be:-