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Finance Guys : Put your Hats on

Discussion in 'Hangout' started by amogh, Jun 2, 2011.

  1. amogh

    amogh Staff Member Janitor

    Messages:
    1,377
    Pune
    Grande Punto 1.3
    Simple question :

    One guy gives you the following quote

    "Sir : We will charge you a lease rental of Rs.25 per thousand per month"

    What is the effective annual interest rate you are paying ? :)

    Sounds simple enough ? Let me know your answer. I have a wide range of answers already with me ::V
  2. HarishSegar

    HarishSegar

    Messages:
    141
    Mumbai
    Zero. In a lease you are not paying interest but you are paying a rent. You basically dont own the car.

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