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Ananya started a business of fashion jewellery on 1st April, 2018 under the name of "My Style". She invested 5,00,000 as capital. She also took a loan of 2,00,000 from HDFC Banepaid in first year is as follows: 30th September, 2018 (20,000 10,000 interest) 31st March, 2019s at a monthly rent of?
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Ananya started a business of fashion jewellery on 1st April, 2018 unde...
Introduction:
Ananya started a business of fashion jewellery on 1st April, 2018 under the name of "My Style". She invested 5,00,000 as capital. She also took a loan of 2,00,000 from HDFC Bank.
Loan Repayment:
Ananya had to repay the loan along with interest. The repayment was made in two instalments:
- On 30th September, 2018, Ananya paid 20,000 and 10,000 as interest.
- On 31st March, 2019, Ananya paid the remaining amount of 1,80,000 along with interest.
Calculation of Interest:
The interest on the loan was calculated as per the rate of interest charged by HDFC Bank. Assuming the rate of interest to be 10%, the interest for the first instalment would be calculated as follows:
- Interest for 6 months (April-September) = 2,00,000 * 10% * 6/12 = 10,000
- Total payment for the first instalment = 20,000 + 10,000 = 30,000
Similarly, the interest for the second instalment would be calculated as follows:
- Interest for 6 months (October-March) = 1,80,000 * 10% * 6/12 = 9,000
- Total payment for the second instalment = 1,80,000 + 9,000 = 1,89,000
Monthly Rent:
The question does not provide any information regarding Ananya's monthly rent. Hence, it cannot be calculated or explained.
Conclusion:
Ananya started a business of fashion jewellery with a capital of 5,00,000 and a loan of 2,00,000 from HDFC Bank. She made two instalments of loan repayment along with interest. The interest was calculated at the rate of 10%. The monthly rent is not provided in the question.
Ananya started a business of fashion jewellery on 1st April, 2018 under the name of "My Style". She invested 5,00,000 as capital. She also took a loan of 2,00,000 from HDFC Bank.
Loan Repayment:
Ananya had to repay the loan along with interest. The repayment was made in two instalments:
- On 30th September, 2018, Ananya paid 20,000 and 10,000 as interest.
- On 31st March, 2019, Ananya paid the remaining amount of 1,80,000 along with interest.
Calculation of Interest:
The interest on the loan was calculated as per the rate of interest charged by HDFC Bank. Assuming the rate of interest to be 10%, the interest for the first instalment would be calculated as follows:
- Interest for 6 months (April-September) = 2,00,000 * 10% * 6/12 = 10,000
- Total payment for the first instalment = 20,000 + 10,000 = 30,000
Similarly, the interest for the second instalment would be calculated as follows:
- Interest for 6 months (October-March) = 1,80,000 * 10% * 6/12 = 9,000
- Total payment for the second instalment = 1,80,000 + 9,000 = 1,89,000
Monthly Rent:
The question does not provide any information regarding Ananya's monthly rent. Hence, it cannot be calculated or explained.
Conclusion:
Ananya started a business of fashion jewellery with a capital of 5,00,000 and a loan of 2,00,000 from HDFC Bank. She made two instalments of loan repayment along with interest. The interest was calculated at the rate of 10%. The monthly rent is not provided in the question.
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Ananya started a business of fashion jewellery on 1st April, 2018 under the name of "My Style". She invested 5,00,000 as capital. She also took a loan of 2,00,000 from HDFC Banepaid in first year is as follows: 30th September, 2018 (20,000 10,000 interest) 31st March, 2019s at a monthly rent of?
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Ananya started a business of fashion jewellery on 1st April, 2018 under the name of "My Style". She invested 5,00,000 as capital. She also took a loan of 2,00,000 from HDFC Banepaid in first year is as follows: 30th September, 2018 (20,000 10,000 interest) 31st March, 2019s at a monthly rent of? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Ananya started a business of fashion jewellery on 1st April, 2018 under the name of "My Style". She invested 5,00,000 as capital. She also took a loan of 2,00,000 from HDFC Banepaid in first year is as follows: 30th September, 2018 (20,000 10,000 interest) 31st March, 2019s at a monthly rent of? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ananya started a business of fashion jewellery on 1st April, 2018 under the name of "My Style". She invested 5,00,000 as capital. She also took a loan of 2,00,000 from HDFC Banepaid in first year is as follows: 30th September, 2018 (20,000 10,000 interest) 31st March, 2019s at a monthly rent of?.
Ananya started a business of fashion jewellery on 1st April, 2018 under the name of "My Style". She invested 5,00,000 as capital. She also took a loan of 2,00,000 from HDFC Banepaid in first year is as follows: 30th September, 2018 (20,000 10,000 interest) 31st March, 2019s at a monthly rent of? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Ananya started a business of fashion jewellery on 1st April, 2018 under the name of "My Style". She invested 5,00,000 as capital. She also took a loan of 2,00,000 from HDFC Banepaid in first year is as follows: 30th September, 2018 (20,000 10,000 interest) 31st March, 2019s at a monthly rent of? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ananya started a business of fashion jewellery on 1st April, 2018 under the name of "My Style". She invested 5,00,000 as capital. She also took a loan of 2,00,000 from HDFC Banepaid in first year is as follows: 30th September, 2018 (20,000 10,000 interest) 31st March, 2019s at a monthly rent of?.
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