Question

Rerest P ркерата Outstanding Balance Pay Amount Interest Due rate Principal Repaid Outstanding Blance L-OB Amount Amount Amount 0.09 2400 9 % P1 = 600 11 ов, 3 PR1 2016 12 P2= 280 PR2 ОB, 1917.44 P3 2090.01 13 OB 172.57 PR2 1917.44 0 |ТOTALS 2970.01 570.01 2400

Answer 1

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outstanding Balance pay principal Repaid Interest I opening outstanding Balance (E principal Repaid Amount (c)=E-D Interest I Amount (B) =A-C Amount outstanding Balance Amount (D) 2400 Rote (A) L=0B = OB, 2016 384 98.56 oba: 1917.44 0-09 9°/- 2400 PI= 600 I1=1216 PR,= 2016 1p2= 280 Izl 181-44 Pra= 1917.44 P3=2090.01 1 2 = 172.57|PR3= TotalS 12970.01 570.01 OB = 0 1917.44 | 2400 Note: 1. last year closing balance will be next year opening balance. . Day Amount represents installment amount paid during the period includes both principal as well as interest 3. outstanding balance replerents openning outstanding less principal amount paid during the period. Interest calculation :- ring outstanding balance & Interest Rate I = 240049 = 216 I 2 = 2016 & 9 & 181.44 | I3= 1917.44 + 9 = 172.57 (00