CUET Preparation Today
A man borrows ₹2,00,000 from a bank at 10% p.a. rate of interest for five years. Then his EMI at flat rate is : |
₹4,800 ₹4,500 ₹5,000 ₹6,000 |
₹5,000 |
The correct answer is Option (3) → ₹5,000 EMI = $\frac{Principal+(Principal×Rate×Time)}{12×Time}$ $⇒\frac{200000+\left(200000×\frac{10}{100}×5\right)}{12×5}$ $⇒\frac{200000+100000}{60}$ ∴ EMI = ₹5,000 |
