Renu takes a loan of ₹12,00,000 with 12% annual interest for 10 years on flat rate basis..
Match the LIST-I with LIST-II
LIST-I LIST-II A. Principal of the loan I. ₹14,40,000 B. Total interest on the principal II. ₹26,40,000 C. EMI III. ₹12,00,000 D. Total amount paid in 10 years IV. ₹22,000
Choose the correct answer from the options given below:
Renu takes a loan of ₹12,00,000 with 12% annual interest for 10 years on flat rate basis..
Match the LIST-I with LIST-II
| LIST-I | LIST-II | |
|---|---|---|
| A. Principal of the loan | I. ₹14,40,000 | |
| B. Total interest on the principal | II. ₹26,40,000 | |
| C. EMI | III. ₹12,00,000 | |
| D. Total amount paid in 10 years | IV. ₹22,000 |
Choose the correct answer from the options given below:
Solution
✅ Correct Option: 3
Principal is (III).
Flat interest (I).
Total repayment (II), so EMI (IV).
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