Mathematics for FinanceMTP Nov 19Question 1504 of 479
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Shoba borrows 50,00,000\displaystyle 50,00,000 to buy a house. If he pays equal instalments for 20\displaystyle 20 years and 10%\displaystyle 10\% interest on outstanding balance, what will be the equal annual instalment?

Options

A687298.4\displaystyle 687298.4
B685298.4\displaystyle 685298.4
C585298.4\displaystyle 585298.4
D587298.4\displaystyle 587298.4
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Correct Answer

Option b685298.4\displaystyle 685298.4

All Options:

  • A687298.4\displaystyle 687298.4
  • B685298.4\displaystyle 685298.4
  • C585298.4\displaystyle 585298.4
  • D587298.4\displaystyle 587298.4

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