A government employee was sanctioned a housing advance of Rs. 225,000 at an interest rate of 8.5% per annum. The advance was to be repaid in 100 monthly installments of Rs. 2,250 each starting January 2007. The document then shows a table calculating the interest on the reducing balance of the advance amount over the 100 month repayment period, with the total interest calculated as Rs. 93766.
A government employee was sanctioned a housing advance of Rs. 225,000 at an interest rate of 8.5% per annum. The advance was to be repaid in 100 monthly installments of Rs. 2,250 each starting January 2007. The document then shows a table calculating the interest on the reducing balance of the advance amount over the 100 month repayment period, with the total interest calculated as Rs. 93766.
A government employee was sanctioned a housing advance of Rs. 225,000 at an interest rate of 8.5% per annum. The advance was to be repaid in 100 monthly installments of Rs. 2,250 each starting January 2007. The document then shows a table calculating the interest on the reducing balance of the advance amount over the 100 month repayment period, with the total interest calculated as Rs. 93766.
A government employee was sanctioned a housing advance of Rs. 225,000 at an interest rate of 8.5% per annum. The advance was to be repaid in 100 monthly installments of Rs. 2,250 each starting January 2007. The document then shows a table calculating the interest on the reducing balance of the advance amount over the 100 month repayment period, with the total interest calculated as Rs. 93766.