MCQs > Mathematics > Business Mathematics > The EMI for a certain sum of money is $212.47. Calculate the loan amount if the rate of interest is 10% for a period of 5 years.

Business Mathematics MCQs

The EMI for a certain sum of money is $212.47. Calculate the loan amount if the rate of interest is 10% for a period of 5 years.

Answer

Correct Answer: $10000

Explanation:

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