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Home Questions ZXSTSFRF8C
Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

Mr. Ram took a loan of ₹4,00,000 at 10% annual interest rate and paid ₹20,000 as monthly installment under flat rate system. What is the term of the loan ?

Options:

5 years

4 years

3 years

2 years

Correct Answer:

2 years

CUET Questions