The document contains details of two bank loans. Bank A provided a loan of Rs. 4,000,000 at 9% interest for 5 years. Bank B provided a loan of Rs. 3,336,679.91 at 8% interest for 4 years. Both loans are to be repaid in EMIs over the term, with each payment consisting of principal and interest components.
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EMI Calculation Assignment
The document contains details of two bank loans. Bank A provided a loan of Rs. 4,000,000 at 9% interest for 5 years. Bank B provided a loan of Rs. 3,336,679.91 at 8% interest for 4 years. Both loans are to be repaid in EMIs over the term, with each payment consisting of principal and interest components.