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A person buys a flat for which he makes down payment of ₹ 7,50,000 and the balance is to be paid in 10 years by monthly instalments of ₹ 22,000 each.…

CUET UG 2023 — Mathematics Applied-Mathematics

2023mcqhard

A person buys a flat for which he makes down payment of ₹ 7,50,000 and the balance is to be paid in 10 years by monthly instalments of ₹ 22,000 each. If the bank charges interest at the rate of 12% per annum, then the actual price of the flat using flat rate system is :

Official previous-year question

Held on 15 Jun 2023 · Verified 13 Jul 2026.

Options

  1. A

    ₹ 20,50,000

  2. B

    ₹ 19,50,000

  3. C

    ₹ 22,00,000

  4. D

    ₹ 18,50,000

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