Ram takes a personal loan of ₹ 5,00,000 at the rate of 12% per annum for 3 years. His EMI using a flat rate method is Option 1: ₹ 18,888.89 Option 2: ₹ 20,888.89 Option 3: ₹ 16,888.89 Option 4: ₹ 21,888.89

The answer is '₹ 18,888.89'. View full solution:

CUET Mathematics - Ram takes a personal loan of ₹ 5,00,000 at the rate of 12% per annum for 3 years. His EMI using a flat rate method is | PYQs + Solutions

CUET Mathematics 2026 18th May Shift 1

Statistics & Applications

Easy

applied

₹ 18,888.89

₹ 20,888.89

₹ 16,888.89

₹ 21,888.89

✅ Correct Option: 1