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 :
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 :
Solution
✅ Correct Option: 2
Total EMI payments .
Flat rate: .
.
Price .
Related questions:
2023: 30 May Shift 3
2023: 23 May Shift 3
2023: 23 May Shift 3