Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

The EMI (in ₹) under the flat rate on a loan of ₹6,00,000 with 20% annual interest for 5 years is :

Options:

₹5,000

₹10,000

₹20,000

₹30,000

Correct Answer:

₹20,000