Practicing Success
Shyam bought a car in 2023 worth ₹7 lakh. He made a down payment of ₹2.5 lakh and took a loan for the rest of the amount at the rate 12% p.a. for four years. The monthly EMI paid by Shyam in: (given (1.01)48 = 1.6122) |
₹ 9,000 ₹ 10,000.75 ₹ 11,850.75 ₹ 12,200.75 |
₹ 11,850.75 |
The correct answer is Option (3) → ₹ 11,850.75 |