Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

Raman borrows a sum of ₹4,00,000 wiwth total interest paid ₹2,00,000 and he is paying an EMI of ₹12,000 under flat rate system, then his loan tenure is :

Options:

48 months

45 months

50 months

60 months

Correct Answer:

50 months