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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…

CUET UG 2025 — Mathematics Statistics & Applications

2025mcqmedium

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(1.005)^{-120}=0.5496(1.005)−120=0.5496]

Official previous-year question

Held on 2 Jun 2025 · Verified 13 Jul 2026.

Options

  1. A

    ₹ 12,000

  2. B

    ₹ 9,000

  3. C

    ₹ 10,000

  4. D

    ₹ 9,820

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