MCQs>Admin Support>Business Analysis>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.
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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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