Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

 A person takes a car loan of ₹6,00,000 from a bank at an interest rate of 12% per annum for 4 years. The EMI under flat rate system is :

Options:

₹16,550

₹18,500

₹20,000

₹13,500

Correct Answer:

₹18,500