Mathematics for FinanceMTP Mar 21Question 1516 of 462
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Shoba borrows 50,00,000\displaystyle 50,00,000 to buy a house. If he pays equal installments for 20\displaystyle 20 years and 10%\displaystyle 10\% interest on outstanding balance, what will be the equal annual installment? [P(20,0.10)=8.51356]\displaystyle [P(20,0.10) = 8.51356]

Options

A687298.4\displaystyle 687298.4
B687298.4\displaystyle 687298.4
C585298.4\displaystyle 585298.4
D585298.4\displaystyle 585298.4
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Correct Answer

Option b687298.4\displaystyle 687298.4

All Options:

  • A687298.4\displaystyle 687298.4
  • B687298.4\displaystyle 687298.4
  • C585298.4\displaystyle 585298.4
  • D585298.4\displaystyle 585298.4

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