WORLD OF FIGURES: Loan instalments vs change in interest rates - News Summed Up

WORLD OF FIGURES: Loan instalments vs change in interest rates


The total cost is directly proportional to the number of fruits. However, the time taken is not directly proportional to the height. I think this is the reason there have been many complaints from bank customers that the law capping the interest rate is not being implemented fairly. SUFFICIENTLY PHILANTHROPICThe problem arises from the assumption that the monthly payment is directly proportional to the interest rate. Obviously, the latter does NOT depend on the interest rate.


Source: Daily Nation October 29, 2016 21:19 UTC



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