Ram takes a loan of ₹5,00,000 from a bank at an interest rate of 6% per annum for 10 years. He wants to pay back the loan in equated monthly installments, then his EMI by using flat rate method is :
Ram takes a loan of ₹5,00,000 from a bank at an interest rate of 6% per annum for 10 years. He wants to pay back the loan in equated monthly installments, then his EMI by using flat rate method is :
Solution
✅ Correct Option: 1
Flat rate interest .
Total repayable over months.
.
Related questions:
2025: 13 May Shift 2
2026: 12 May Shift 2
2025: 30 May Shift 1
2026: 30 May Shift 1