A property dealer wishes to buy different houses given in the table below with some down payments and balance in EMI for 25 years. Bank charges 6% per annum compounded monthly. $\left(\right.$ Given $\left.\frac{(1.005)^{300} \times 0.005}{(1.005)^{300}-1}=0.0064\right)$
Match List-I with List-II:
Choose the correct answer from the options given below: |
(A) - (I), (B) - (II), (C) - (III), (D) - (IV) (A) - (I), (B) - (III), (C) - (IV), (D) - (II) (A) - (I), (B) - (II), (C) - (IV), (D) - (III) (A) - (III), (B) - (IV), (C) - (I), (D) - (II) |
(A) - (I), (B) - (III), (C) - (IV), (D) - (II) |
The correct answer is Option (2) → (A) - (I), (B) - (III), (C) - (IV), (D) - (II) Loan amount = Price − Down payment. Given factor for EMI: $\frac{(1.005)^{300}\cdot0.005}{(1.005)^{300}-1}=0.0064$ So EMI $= \text{Loan}\times0.0064$. For P: Loan $=45,00,000-5,00,000=40,00,000$ EMI $=40,00,000\times0.0064=25,600$ So (A) → (I). For Q: Loan $=55,00,000-5,00,000=50,00,000$ EMI $=50,00,000\times0.0064=32,000$ So (B) → (III). For R: Loan $=65,00,000-10,00,000=55,00,000$ EMI $=55,00,000\times0.0064=35,200$ So (C) → (IV). For S: Loan $=75,00,000-15,00,000=60,00,000$ EMI $=60,00,000\times0.0064=38,400$ So (D) → (II). final answer: (A)–(I), (B)–(III), (C)–(IV), (D)–(II) |