September 27, 2013

CMAT Bank EMI

CMAT Bank EMI questions from Cetking books:

CMAT Bank EMI question 1
What annual payment will discharge s debt of Rs 1025 due in 2 years at the rate of 5% compound interest?

1. 550/-
2. 551.25/-
3. 560/-
4. 560.75/-

CMAT Bank EMI question 2

What annual payment will discharge s debt of Rs 50,440 due in 3 years at the rate of 5% compound interest?

1. 18,522/-
2. 20,570/-
3. 20,800/-
4. 16,576/-

CMAT Bank EMI question 3

What annual payment will discharge s debt of Rs 4,200 due in 5 years at the rate of 10% compound interest?

1. 500/- per year
2. 600/- per year
3. 800/- per year
4. 700/- per year

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