Shyam borrows 80,000 for a musical system at a monthly interest of 1.25 per cent. The loan is to be repaid in 12 equal monthly installments, payable at the end of each month. What is the monthly installment? Prepare the loan amortisation schedule.
Shyam borrows 80,000 for a musical system at a monthly interest of 1.25 per cent. The loan is to be repaid in 12 equal monthly installments, payable at the end of each month. What is the monthly installment? Prepare the loan amortisation schedule.
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