Ram takes a personal loan of ₹ 10,00,000 at the rate of 12% per annum for 5 years. By using a flat rate method, EMI is
Ram takes a personal loan of ₹ 10,00,000 at the rate of 12% per annum for 5 years. By using a flat rate method, EMI is
Solution
✅ Correct Option: 3
Under the flat rate method, interest . Total repayable over months, so EMI .
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