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Ram wishes to purchase a house for ₹ 15,00,000 and made a down payment of ₹ 5,00,000. If he can amortize the balance at 9% per annum compounded…

CUET UG 2025 — Mathematics Statistics & Applications

2025mcqmedium

Ram wishes to purchase a house for ₹ 15,00,000 and made a down payment of ₹ 5,00,000. If he can amortize the balance at 9% per annum compounded monthly for 25 years, then his EMI is:

[Given (1.0075)300≈9.41(1.0075)^{300} ≈ 9.41(1.0075)300≈9.41]

Official previous-year question

Held on 30 May 2025 · Verified 13 Jul 2026.

Options

  1. A

    ₹ 7,991.80

  2. B

    ₹ 7,391.80

  3. C

    ₹ 6713. 57

  4. D

    ₹ 8,391.80

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