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CUET · MATHS · PYQ PAPER 2025

Anush takes a loan of ₹ \( 150000\) @ \(16 \%\) annual interest for 5 years. His EMI (Equally Monthly Installmant) on monthly basis under flat rate system is :

  1. A ₹ \(4500\)
  2. B ₹ 5000
  3. C ₹ 4800
  4. D ₹ \(5400\)
Verified Solution

Answer & Solution

Correct Answer

(A) ₹ \(4500\)

Step-by-step Solution

Detailed explanation

Total Interest \( = 150000 \times 0.16 \times 5 = 120000 \) Total Amount \( = 150000 + 120000 = 270000 \) EMI \( = \frac{270000}{5 \times 12} = \frac{270000}{60} = 4500 \)
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