Maneesh took a loan of ₹ 9,00,800 from bank at an interest rate of 6% per annum for 10 years. If she has to pay the loan back with the help of equal monthly installments (EMI). Then, the EMI using reduced balance method is (approx):
[Given: (1.005)−120=0.5496]
Held on 2 Jun 2025 · Verified 13 Jul 2026.
₹ 12,000
₹ 9,000
₹ 10,000
₹ 9,820
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