CUET · MATHS · PYQ PAPER 2023

The EMI (in) under the flat rate on a loan of 6,00,000 rupees with 20% annual interest for 5 years is :

A 5,000 rupees
B 10,000 rupees
C 20,000 rupees
D 30,000 rupees

Verified Solution

Answer & Solution

Correct Answer

(C) 20,000 rupees

Step-by-step Solution

Detailed explanation

Total Amount Payable \( = P(1 + R \times T) \) \( = 6,00,000(1 + 0.20 \times 5) \) \( = 6,00,000(2) \) \( = 12,00,000 \) rupees EMI \( = \frac{\text{Total Amount Payable}}{\text{Number of Months}} \) \( = \frac{12,00,000}{5 \times 12} \) \( = \frac{12,00,000}{60} \)…

Apply the relevant identity from the chapter and substitute the values established in the previous step, keeping the original constraint in view.

Use the simplified expression to isolate the unknown, then plug the result back into the question setup to confirm the working is internally consistent.

Cross-check against a boundary or limiting case. Both the dimensional balance and the qualitative behaviour at the extreme should agree with the candidate answer.

Combine the steps above to identify the correct option. The remaining choices each fail at least one of the consistency, dimensional, or boundary checks.

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