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Pocket Money - SEBI Investor Awareness Website - Securities and ...

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Plan for repayment of Sunny’s loan:Sunny’s father insists that Sunny pay him some money everymonth so that the loan can be repaid gradually. No how muchshould Sunny pay his father each month?____What happens if Sunny pays a monthly installment of Rs. 1237?Table 5Sunny pays a monthly installment of Rs.1237.PrincipalInstallmentInt. rateMonth Installment13250123712Installment adjustmentPrincipal onwhich interestis payableInterestPrincipalrepaid(1) - (3)BalanceofPrincipal(2) - (4)-1 -2 -3 -4 -51 1237 13250 132.5 1104.5 12145.52 1237 12145.5 121.46 1115.55 11029.963 1237 11029.96 110.3 1126.7 9903.254 1237 9903.25 99.03 1137.97 8765.295 1237 8765.29 87.65 1149.35 7615.946 1237 7615.94 76.16 1160.84 6455.17 1237 6455.1 64.55 1172.45 5282.658 1237 5282.65 52.83 1184.17 4098.489 1237 4098.48 40.98 1196.02 2902.4610 1237 2902.46 29.02 1207.98 1694.4911 1237 1694.49 16.94 1220.06 474.4312 1237 474.43 4.74 1232.26 -757.8297

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