Mathematics for FinanceMTP Nov 19Question 1504 of 422
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Shoba borrows $50,00,000$ to buy a house. If he pays equal instalments for $20$ years and $10\%$ interest on outstanding balance, what will be the equal annual instalment?

Options

A$687298.4$
B$685298.4$
C$585298.4$
D$587298.4$
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Correct Answer

Option b$685298.4$

All Options:

  • A$687298.4$
  • B$685298.4$
  • C$585298.4$
  • D$587298.4$

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