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A man purchased a house valued at Rs 300000 . He paid Rs 200000 at the time of purchase and agreed to pay the balance with interest at 12 p. a. Compounded half yearly in 20 equal half yearly instalments. If The first installment Is paid after six months from the date of purchase then the amount of each instalment is
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A man purchased a house valued at Rs 300000 . He paid Rs 200000 at the...
P.V=300000-200000=100000
I= 12%/2=6%
N=20
A=?
P.V=A[(1+i)^n-1]/i(1+i)^n
100000=A[(1.06)^20-1]/0.06(1.06)^20
A=8719.66
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A man purchased a house valued at Rs 300000 . He paid Rs 200000 at the...
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A man purchased a house valued at Rs 300000 . He paid Rs 200000 at the time of purchase and agreed to pay the balance with interest at 12 p. a. Compounded half yearly in 20 equal half yearly instalments. If The first installment Is paid after six months from the date of purchase then the amount of each instalment is
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A man purchased a house valued at Rs 300000 . He paid Rs 200000 at the time of purchase and agreed to pay the balance with interest at 12 p. a. Compounded half yearly in 20 equal half yearly instalments. If The first installment Is paid after six months from the date of purchase then the amount of each instalment is for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A man purchased a house valued at Rs 300000 . He paid Rs 200000 at the time of purchase and agreed to pay the balance with interest at 12 p. a. Compounded half yearly in 20 equal half yearly instalments. If The first installment Is paid after six months from the date of purchase then the amount of each instalment is covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A man purchased a house valued at Rs 300000 . He paid Rs 200000 at the time of purchase and agreed to pay the balance with interest at 12 p. a. Compounded half yearly in 20 equal half yearly instalments. If The first installment Is paid after six months from the date of purchase then the amount of each instalment is.
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