Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

A person takes a car loan of ₹9,00,000 at the rate of 12% annum for 5 years from a bank. The EMI under flat rate system is :

Options:

₹24,000

₹20,000

₹16,000

₹28,000

Correct Answer:

₹24,000