An individual borrows Rs.5,000, agreeing to reduce the principal by Rs. 200 at the end of each
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An individual borrows Rs.5,000, agreeing to reduce the principal by Rs. 200 at the end of each month and to pay 15% interest per annum, that is 1(1)/(4)% per month, on all unpaid balances. Find the sum of all interest payments.
Related Book For
Financial Accounting
ISBN: 978-1259307959
4th edition
Authors: David Spiceland, Wayne Thomas, Don Herrmann
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