CUET · MATHS · PYQ PAPER 2025
Let \(P, I\) and \(n\) be the principal of the loan, the total interest on the principal and number of months in the loan period respectively, then the EMI by Flat Rate Method is :
- A \(\frac{P}{I+n}\)
- B \(\frac{P+I}{n}\)
- C \(P+\frac{I}{n}\)
- D \(\frac{I-P}{n}\)
Answer & Solution
Correct Answer
(B) \(\frac{P+I}{n}\)
Step-by-step Solution
Detailed explanation
EMI \( = \frac{P+I}{n} \)
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