Example 1:-

Suppose Loan taken from SBI 20 Lacs @ 15% p.a on 1 April 2016
It is to repaid in 4 years in equal annual instalments.First Instalment paid on 31 March 2017
Instalment repaid at the end of year
Prepare Loan Chart for Next 4 years

View Answer

Example 2:-

Solve last question assuming Loan was taken on 1 April 2016 And first annual installment including interest repaid on 1 April 2017 (beginning of next year)

View Answer

Example 3:-

Solve Q1 assuming Loan was taken on 1 June 2016 And first annual instalment including interest repaid on 31 May 2017

View Answer
Remove Ads
CA Maninder Singh's photo - Co-founder, Teachoo

Made by

CA Maninder Singh

CA Maninder Singh is a Chartered Accountant with 16+ years of practical experience and 20+ years of teaching experience. At Teachoo, he simplifies Accounts, Tax and GST with step-by-step examples so students can apply concepts confidently in exams and real life.

For an uninterrupted learning experience, students can use Teachoo Black to remove ads and focus better.