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A property dealer wishes to buy different houses given in the table below with some down payments and balance in EMI for 2525 years. Bank charges 6%6\% per annum compounded monthly.

Given: (1.005)300×0.005(1.005)300−1=0.0064\dfrac{(1.005)^{300} \times 0.005}{(1.005)^{300}-1}=0.0064

Property typePrice of the property (in ₹)Down Payment (in ₹)
P45,00,0005,00,000
Q55,00,0005,00,000
R65,00,00010,00,000
S75,00,00015,00,000

Match List-I with List-II:

List-I
Property Type
List-II
EMI amount (in ₹)
(A) P(I) 25,600
(B) Q(II) 38,400
(C) R(III) 32,000
(D) S(IV) 35,200

Solution

✅ Correct Option: 2

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