Question

3.If you choose to pay the same EMI of Rs.37458/ when the rate of interest falls by 0.5%(from 9% to 8.5%), how much more will you contribute, if you don’t reduce the EMI?​

Answer 1

Answer:

EMI at 8.5percent is Rs.35377.

So, the extra contribution is ₹2081

Hope this is the correct answer