Practicing Success
Shanky takes a loan ₹4,00,000 at an interest of 6% p.a. for 10 years. He wants to pay back in equal monthly installments. What in his EMI in ₹ amount when calculated by reduced balanced method ? $\left(use \frac{0.005}{1-(1.005)^{-120}}=0.0111\right)$ |
4444 6444 4244 4440 |
4440 |