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Reducing method interest calculation

Dear Sir,
let me know about reducing method interest calculation please.

P=27000 R=8.5%PA (Reducing) & T=12Months

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  • verma_manoj May 11, 2010

    i want to finance jcb from bank Rs. 16.50 Lacs but i dont know the how much principal and how much is interest in the installment

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Loan of Rs.50,000/- reducing interest to Government Employees for 2% p.a. for 36 Months

Posted on Apr 02, 2009

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NO IDEA

Posted on Oct 16, 2008

P = 150,000
R = 8.5 %
T = 12
P X R / T

Posted on Aug 31, 2008

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