Question

Subodh took a loan of $₹ 10,00,000$ at $14\%$ annual interest rate for$8$ years. His equated monthly instalment under flat rate system is :

• A. $₹ 20833.33$
• B. $₹ 22083.33$
• C. $₹17500$
• D. $₹ 23150$

Answer 1

Answer: (B)

$₹ 22083.33$

Answer 2

The correct option is (B): $₹ 22083.33$