A loan of Rs 1,00,000 carrying 12% interest rate has to be repaid in 10 equal annual instalment (principal + interest). Prepare a repayment schedule showing both the interest and principal. Find the...

A loan of Rs 1,00,000 carrying 12% interest rate has to be repaid in 10 equal annual instalment (principal + interest). Prepare a repayment schedule showing both the interest and principal.

Find the annual equal instalment of a loan repayment if the amount of loan is Rs 20,000; maturity is 4 years and interest rate is 10%.