Posted on: 02nd Jan, 2011 02:35 am
Rate of Interest 2%
Loan amount 100000/-
Period 5 months
Interest amount Rs.10000/-
Received amount Rs.90000/-
Monthly repayable Rs.20000/-
What is the actual rate of interest
Loan amount 100000/-
Period 5 months
Interest amount Rs.10000/-
Received amount Rs.90000/-
Monthly repayable Rs.20000/-
What is the actual rate of interest
Hi ramanan_revathi,
I really did not understand your query. You've yourself mentioned that your rate of interest is 2%. In that case, what actual rate of interest are you talking about?
I really did not understand your query. You've yourself mentioned that your rate of interest is 2%. In that case, what actual rate of interest are you talking about?