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A man plans to take a housing loan of Rs 99,53,000 from a bank costing 18% per annum compounded monthly. The loan is to be paid back in 30 years in…

CUET UG 2025 — Mathematics Statistics & Applications

2025mcqmedium

A man plans to take a housing loan of Rs 99,53,000 from a bank costing 18% per annum compounded monthly. The loan is to be paid back in 30 years in equal monthly installments (EMI). The EMI by reducing balance method is:

[Given (1.015)−360=0.0047(1.015)^{-360} = 0.0047(1.015)−360=0.0047]

Official previous-year question

Held on 3 Jun 2025 · Verified 13 Jul 2026.

Options

  1. A

    Rs 1,82,500

  2. B

    Rs 1,50,000

  3. C

    Rs 1,75,000

  4. D

    Rs 2,04,500

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