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Mr. X wishes to purchase a flat for Rs. 44,60,800 with a down payment of Rs 10,00,000 and balance in equal monthly installments (EMI) for 20 years.…

CUET UG 2025 — Mathematics Statistics & Applications

2025mcqmedium

Mr. X wishes to purchase a flat for Rs. 44,60,800 with a down payment of Rs 10,00,000 and balance in equal monthly installments (EMI) for 20 years. If bank charges 7.5% per annum compounded monthly, then the EMI is:

[Given that (1.00625)240≈4.4608(1.00625)^{240} \approx 4.4608(1.00625)240≈4.4608]

Official previous-year question

Held on 15 May 2025 · Verified 13 Jul 2026.

Options

  1. A

    Rs. 31250

  2. B

    Rs. 37285

  3. C

    Rs. 27880

  4. D

    Rs. 30280

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