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Loan Repayments

This document contains calculations and examples related to EMI, loan repayments, depreciation, and interest rates. It shows how to calculate EMI given the principal, interest rate, and term of a loan. It then provides an example loan repayment schedule. It also demonstrates calculations for straight-line, double declining balance, and sum of years digit methods of depreciation using example asset values. Finally, it shows examples of calculating the interest rate given other loan details and calculating the term of a loan given the principal, interest rate, and EMI.

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SALONI Jaiswal
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39 views4 pages

Loan Repayments

This document contains calculations and examples related to EMI, loan repayments, depreciation, and interest rates. It shows how to calculate EMI given the principal, interest rate, and term of a loan. It then provides an example loan repayment schedule. It also demonstrates calculations for straight-line, double declining balance, and sum of years digit methods of depreciation using example asset values. Finally, it shows examples of calculating the interest rate given other loan details and calculating the term of a loan given the principal, interest rate, and EMI.

Uploaded by

SALONI Jaiswal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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EMI CALCULATOR here we have calculated emi , given the

P ₹ 100,000.00 principle amount, rate of interest,& the


R 9% loan term. EMI.....=PMT
T 3
EMI ₹ 39,505.48

LOAN REPAYMENTS

P ₹ 100,000
R 9%
T 3

principle
period opening bal EMI interest amt paid
1 ₹ 100,000.0 ₹ 39,505.5 ₹ 9,000.0 ₹ 30,505.5
2 ₹ 69,494.5 ₹ 39,505.5 ₹ 6,254.5 ₹ 33,251.0
3 ₹ 36,243.6 ₹ 39,505.5 ₹ 3,261.9 ₹ 36,243.6

DEPRICIATION

Straight line double declining


method balance

STRAIGHT LINE METHOD:


Cost-salvage value/useful life (in yrs.)=depriciation for each yr.

DOUBLE DECLINING MEHTOD:


Rate of dep.= 2*(100/asset useful life)%

SUM OF YRS. DIGIT MEHTOD:


Dep. Expense for each yr.= (remaining life/sum of digits yr)*(cost of asset- salvage value)

COST OF ASSET ₹ 100,000


SALVAGE VALUE ₹ 10,000
USEFUL LIFE 5
(=SLN) (=DDB) (=SYD)
sum of
Period strt. Line dbl. decl. yrs.digit
1 ₹ 18,000 ₹ 40,000 ₹ 30,000
2 ₹ 18,000 ₹ 24,000 ₹ 24,000
3 ₹ 18,000 ₹ 14,400 ₹ 18,000
4 ₹ 18,000 ₹ 8,640 ₹ 12,000
5 ₹ 18,000 ₹ 2,960 ₹ 6,000
P ₹ 150,000 What is the rate of interest applied
emi , given the by the bank in the case?
interest,& the R ???? =RATE
T 5
EMI -₹ 41,000
Rate of interest 11.41%

WHAT IS THE TERM OF LOAN?


=NPER
P ₹ 220,000
R 14%
T ????
EMI -₹ 60,000

#VALUE! TERM 5.50


₹ 69,494.52
₹ 36,243.56
₹ 0.00

DEPRICIATION

Sum of years
double declining digit
balance
st applied

OAN?

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