A person takes a home lean of ₹1200000 - CUETMOCK

Practicing Success

Start Free Mocks

Follow :

CUETMOCK

Ace Your

CUET Preparation Today

Start Free Mocks

Home Questions 4Y8CNRA8FC

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

A person takes a home lean of ₹1200000 from a bank at an interest rate of 12% per annum for 10 years. The EMI under flat rate system is,

Options:

₹22000

₹21000

₹20500

₹22500

Correct Answer:

₹22000

CUET Questions