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A person has purchased a home for Rs.10,00,000 with down payment of Rs 2,00,000. He amortize the balance at 9% per annum compounded monthly for 25…

CUET UG 2025 — Mathematics Statistics & Applications

2025mcqmedium

A person has purchased a home for Rs.10,00,000 with down payment of Rs 2,00,000. He amortize the balance at 9% per annum compounded monthly for 25 years then the equal monthly installment (EMI) is:

[Given that: (1.0075)300−1(.0075)(1.0075)300=119.1616]\frac{(1.0075)^{300} - 1}{(.0075)(1.0075)^{300}} = 119.1616](.0075)(1.0075)300(1.0075)300−1​=119.1616]

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Held on 15 May 2025 · Verified 13 Jul 2026.

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