Mrs. Soma takes a loan of ₹ 5,00,000 with 10% annual interest rate for 5 years. What will be her EMI under flat rate system?
Mrs. Soma takes a loan of ₹ 5,00,000 with 10% annual interest rate for 5 years. What will be her EMI under flat rate system?
Solution
✅ Correct Option: 3
Flat-rate interest . Total repayable is 750000 over 60 months, so EMI .
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