CUET Mathematics - A person takes a car loan of Rs 9,00,000 at the rate of 12% per annum for 5 years from a bank. The EMI under flat rate system is: | PYQs + Solutions

CUET Mathematics 2022 25 May Shift 1

Applied Mathematics

Easy

Rs 24,000

Rs 20,000

Rs 16,000

Rs 28,000

✅ Correct Option: 1

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A person buys a flat for which he makes down payment of ₹ 7,50,000 and the balance is to be paid in 10 years by monthly instalments of ₹ 22,000 each. If the bank charges interest at the rate of 12% per annum, then the actual price of the flat using flat rate system is :

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CUET Mathematics 2022 25 May Shift 1 PYQs

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