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Home Questions THM4X7VSFP
Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

Mr. A took a loan of ₹300000 at 10% annual interest rate and paid ₹ 5000 as monthly installment under flat rate system. What is the term of the loan ?

Options:

12 years

8 years

10 years

20 years

Correct Answer:

10 years

CUET Questions