Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

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 :

Options:

₹4,800

₹4,500

₹5,000

₹6,000

Correct Answer:

₹5,000