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Mr. Ram took a loan of Rs. 4,00,000 at 10% annual interest rate and paid Rs. 20,000 as monthly instalment under flat rate system. What is the term of…

CUET UG 2023 — Mathematics Applied-Mathematics

2023mcqmedium

Mr. Ram took a loan of Rs. 4,00,000 at 10% annual interest rate and paid Rs. 20,000 as monthly instalment under flat rate system. What is the term of the loan ?

Official previous-year question

Held on 30 May 2023 · Verified 13 Jul 2026.

Options

  1. A

    5 years

  2. B

    4 years

  3. C

    3 years

  4. D

    2 years

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