define instsllment system?
Answer / ravindra sahu
the instalment system is closly releted to intrest sceem or
method. inrest method is two type. 1. redusing , 2. flate.
in redusing method intrest is calculated on balance amount.
but in flate method intrest is calculated on principal
amount.
| Is This Answer Correct ? | 1 Yes | 0 No |
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