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Applied Mathematics · 2026 · 2 marks
CBSE 2026 · Central · Set 4 · Q25
A man takes a personal loan of ₹ 2,00,000 at an interest rate of 15% p.a. compounded monthly, to be repaid by equal monthly instalments in 4 years.…
A man takes a personal loan of ₹ $\displaystyle 2,00,000$ at an interest rate of $\displaystyle 15$% p.a. compounded monthly, to be repaid by equal monthly instalments in $\displaystyle 4$ years. Calculate the EMI, using reducing balance method.
[Given : $\displaystyle (1.0125)^{-48}=0.55$]
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CBSE Class 12 Applied Mathematics past-paper question from the 2026 board exam. Where our answers come from.