Question

Deven wants to take a housing loan of
* 12 lakh, Bank A offers the loan that will
amount to # 23,28,000 in a period of
20 years while bank B offers the loan that
will amount to 24,19,200 in a period of
21 years. Which bank offers the lower rate of
interest?
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Answer 1

Bank A gives lesser rate of interest than Bank B