MTH202 Business Mathematics I

Business Mathematics ITU Board 2024

Kumar buys a house for Rs 5,000,000. The contract is that Mr. Kumar will pay Rs 2,000,000 immediately and the balance in 15 equal installments with 15% p.a. compound interest. How much has to be…

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Kumar buys a house for Rs 5,000,000. The contract is that Mr. Kumar will pay Rs 2,000,000 immediately and the balance in 15 equal installments with 15% p.a. compound interest. How much has to be paid by him annually?

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