Question

Q4. Raunak earn 80 000 per month as salary. He has taken a House loan of Rs. 500000. What will be the maximum amount of EMI that can be charged by the Bank to recover the loan amount?
Rs. 32000 per month
Rs. 24000 per month
Rs. 40000 per month
Rs. 48000 per month​

Answer 1

Answer:

rs 40,000 per month

40,000×12=480000

1 month interest

520000-480000=40000

Answer 2

Explanation:

Third option C Rs.40000 per month

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