How many years will it take to pay a Rs. 11,000 loan with an Rs. 1241.08 annual payment and a 5% interest rate?
A. 6 years
B. 12 years
C. 24 years
D. 48 years
Answer:B
How many years will it take to pay a Rs. 11,000 loan with an Rs. 1241.08 annual payment and a 5% interest rate?
A. 6 years B. 12 years C. 24 years D. 48 years