Mr. A borrows ₹5,00,000 to buy a house. If he pays equal instalments for 20 years and 10% interest on outstanding balance, then what will be the…
CA Foundation · Quantitative Aptitude · MTP · January 2026
Mr. A borrows ₹5,00,000 to buy a house. If he pays equal instalments for 20 years and 10% interest on outstanding balance, then what will be the equal annual instalment?
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. ₹58,729.84
Topics: Part-A: Business Mathematics
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