Math Problem Statement

4

Solution

To find the total amount paid across all the EMIs, we'll sum up the totals for each EMI:

Total Amount Paid=6417.17+6204.58+6190.81+5976.86+6162.72+6148.37\text{Total Amount Paid} = 6417.17 + 6204.58 + 6190.81 + 5976.86 + 6162.72 + 6148.37

Let me calculate that for you:

Total Amount Paid=37,100.51\text{Total Amount Paid} = ₹37,100.51

So, the total amount paid across all six EMIs is ₹37,100.51.

Do you have any more questions or need further details?

Here are 5 relative questions:

  1. How does the total amount compare with the original loan amount?
  2. What is the duration over which these EMIs are paid?
  3. Are there any additional fees or charges included in these EMIs?
  4. How does the interest portion of each EMI change over time?
  5. What would be the impact of an early repayment on these EMIs?

Tip: Keeping a clear record of all payments and calculating totals regularly helps in managing finances effectively and ensures that there are no surprises.