On 01.04.2012, Preeti takes a study loan of ₹ 4.5 lakh from a bank at a concessional rate of 4.8% p. a. On 01.10.2015, she repays ₹ 2.5 lakh. How much money will Preeti owe to the bank on 01.06.2017?

Asked by Cl_narayan | 26th Nov, 2019, 05:14: PM

Expert Answer:

Here, Principal=450000, N=7/2 (till 01.10.2015) & R=4.8%

Answered by Renu Varma | 27th Nov, 2019, 10:57: AM

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