Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B1

Chapter

Linear Programming

Question:

Vishnu purchased a house from a company for ₹7,00,000 and make a down payments of ₹1,50,000. He repays the balance is 25 years by monthly installments at 9% compound monthly. What are monthly payments?

[Given that $(1.0075)^{-300}=0.1062878338]$

Options:

₹4,615.58

₹5,615.58

₹6615.58

₹4561.58

Correct Answer:

₹4,615.58

Explanation:

The correct answer is option (1) : ₹4,615.58