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]
Held on 27 May 2025 · Verified 13 Jul 2026.
Rs. 11200
Rs. 38800
Rs. 25000
Rs. 22400
Sign in to track your attempts and accuracy.
Sign in to keep a private note on this question. Nothing you write is ever public.
The behavior and pattern of the data in a time series is NOT based on which of the following component?
Which of the following is not correct about the Compound Annual Growth Rate (CAGR)?
An automobile dealer wishes to buy four luxury cars of different brands given in the table below with some down payment and balance in equal monthly installments (EMI) for 10 years. The bank charges 9% interest per annum compounded monthly. $\left( {Given } \frac{0.0075 \times(1.0075)^{120}}{(1.0075)^{120}-1} = 0.01266\right)$ | Luxury Car | Price of the Car (in Rs.) | Down payment (in Rs.) | |---|---|---| | P | 25,00,000 | 5,00,000 | | Q | 35,00,000 | 12,00,000 | | R | 45,00,000 | 15,00,000 | | S | 42,00,000 | 15,00,000 | Match List-I with List-II | List-I | List-II | |---|---| | Luxury Car | EMI (in Rs.) | | (A) P | (I) 34,182 | | (B) Q | (II) 37,980 | | (C) R | (III) 29,118 | | (D) S | (IV) 25,320 | Choose the correct answer from the options given below:
What sum of money is needed to invest now, so as to get ₹5000 at the beginning of every month forever, if the money is worth 6% per annum compounded monthly?
Mr. X wishes to purchase a flat for Rs. 44,65,000 with a down payment of Rs. 10,00,000 and balance in equated monthly installments (EMI) for 25 years. If the bank charges 6 % per annum compounded monthly, the EMI is: [Given: $(1.005)^{300} =4.4650$]
Work through every CUET UG Statistics & Applications PYQ, year by year.