Question:
Shyam takes a loan of ₹5,00,000 with 8% annual interest rate for 10 years. The value of EMI under flat rate system is :
Shyam takes a loan of ₹5,00,000 with 8% annual interest rate for 10 years. The value of EMI under flat rate system is :
Updated On: Jun 14, 2024
- ₹4166.67
- ₹7500
- ₹8332
- ₹50000
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The Correct Option is B
Solution and Explanation
The correct option is (B) :₹7500.
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