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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 :

  1. A \(\frac{P}{I+n}\)
  2. B \(\frac{P+I}{n}\)
  3. C \(P+\frac{I}{n}\)
  4. D \(\frac{I-P}{n}\)
Verified Solution

Answer & Solution

Correct Answer

(B) \(\frac{P+I}{n}\)

Step-by-step Solution

Detailed explanation

EMI \( = \frac{P+I}{n} \)
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