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Mohini purchases a house worth Rs. 50 lakhs and makes a down payment of Rs. 11.2 lakhs. She pays the remaining amount on monthly EMI using a reducing…

CUET UG 2025 — Mathematics Statistics & Applications

2025mcqmedium

Mohini purchases a house worth Rs. 50 lakhs and makes a down payment of Rs. 11.2 lakhs. She pays the remaining amount on monthly EMI using a reducing balance method. The bank charges 6% per annum compounded monthly for a tenure of 25 years. Her EMI is:

[Given: (1.005)−300≈0.224(1.005)^{-300} \approx 0.224(1.005)−300≈0.224]

Official previous-year question

Held on 27 May 2025 · Verified 13 Jul 2026.

Options

  1. A

    Rs. 11200

  2. B

    Rs. 38800

  3. C

    Rs. 25000

  4. D

    Rs. 22400

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