MCQs > Mathematics > Business Mathematics > Andy takes a loan of $10000 from a bank for a period of 3 years at 10% annual rate of interest. Calculate his EMI(Equated Monthly Installment).

Business Mathematics MCQs

Andy takes a loan of $10000 from a bank for a period of 3 years at 10% annual rate of interest. Calculate his EMI(Equated Monthly Installment).

Answer

Correct Answer: $323

Explanation:

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