Calculate loan amount with total cost and margin percentage - Interest - Consumer Arithmetic problem solver
The total cost of a plot is 50000. A financial institution pays loan to purchase the plot. It demands 20 percentage margin money (margin percentage) for the purchase. Find the margin money and principal.
total cost = 50000 margin percentage = 20
margin = ( 50000 * 20 ) / 100 margin = 10000 So the margin is 10000
Interest Formulas :
CI = compound interest P = principal r = rate n = terms SI = simple interest d = difference tc = total cost m = margin mp = margin percentage emi = emi