Mr Jain takes a personal loan of ₹10,0 - CUETMOCK

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Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

Mr Jain takes a personal loan of ₹10,00,000 at 12% rate of interest per annum for 3 years. His EMI by flat rate method is :

Options:

₹28120.77

₹37777.77

₹28777.77

₹28888.77

Correct Answer:

₹37777.77

CUET Questions