Ravi takes a loan of Rs. 40,000 at an interest of 12% per annum for a period of 4 year, then EMI by using flat method is : Option 1: Rs. 1433.33 Option 2: Rs. 1233.33 Option 3: Rs. 1033.33 Option 4: Rs. 1133.33

The answer is 'Rs. 1233.33'. View full solution:

CUET Mathematics - Ravi takes a loan of Rs. 40,000 at an interest of 12% per annum for a period of 4 year, then EMI by using flat method is : | PYQs + Solutions

CUET Mathematics 2023 22 May Shift 3

Applied Mathematics

Medium

Rs. 1433.33

Rs. 1233.33

Rs. 1033.33

Rs. 1133.33

✅ Correct Option: 2

Related questions:

15 June Shift 2

If Mr. Ravi borrows a sum of ₹ 1,50,000 at an interest rate of 10% (flat) for a tenure of 3 years, then his EMI based on above data is (approximately) ₹ :

11 Aug Shift 1

As a factory owner, you have decided to purchase a heavy machinery after 10 years. It's expected price will be Rs. 1,00,00,000. For this you set aside a certain amount at the end of every year. Which of the following financial tool fits best for this purpose ?

30 May Shift 3

The effective rate that is equivalent to a nominal rate of 12% compounded quarterly is :

CUET Mathematics 2023 22 May Shift 3 PYQs

Keyboard Shortcuts