Friday, October 12, 2018

Maths Puzzle - Compound Interest Calculation - Housing Loan, Tenure - EMI

I was discussing the housing loan tenure calculation when the loan amount, Compound Interest Rate, EMI (equated monthly installment). 

Work out the tenure showing the principal outstanding at the end of each year.

The spreadsheet below provides a solution:
https://docs.google.com/spreadsheets/d/1D_wv710bVzbO86KSoVVjizWQExN8FwYxp4BKNJtx_MA/edit?usp=drivesdk 

 This being the auspicious week of Navratri, this puzzle is dedicated to all feelers.
By at
Labels: ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Popular Posts

  • Nice Links Of Video And Of Others
    Jokes Godfather's horse Why buy the cow Tom and Jerry Dogs in a bar Standup comedian about IIT, IIM Pizza delivery guy and gynecologist ...
  • Maths Puzzle - 19
    Guruji gave me this puzzle. Try to solve this puzzle. She said only 1 Out of 100 Has been able to solve this. If you’re able to solve...
  • (no title)
    What is (the amount for) Rs 1000 compounded @10% daily or hourly or by seconds for 15 days? Solution: Rate per day is 10%/365 Amount ...
  • Maths Puzzle 11: I$ = 1c
    Here is another maths puzzle. Let's take one dollar. This is equal to 100c (cents) Now, 1$ = 100c = 10c * 10c = ( 1/10 $ ) * ( 1/10 $...
  • Loyalty - Gun Or Son
    When you have a strong loyalty towards some x and then you are told that x was responsible for some horrible event y then your natural react...

Featured Post

Whom Do We Trust

I came across this: APNews being the trusted source of news for half the world.  And there is Truth Social which also is read and trusted by...