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Exam CWM_LEVEL_2 All Questions
Exam CWM_LEVEL_2 All Questions

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AAFM Chartered Wealth Manager CWM_LEVEL_2 Question # 142 Topic 17 Discussion

CWM_LEVEL_2 Exam Topic 17 Question 142 Discussion:
Question #: 142
Topic #: 17

Section B (2 Mark)

On 1st January 2011, Mr. Dutt took a personal loan of Rs.1,00,000/- for a period of 3 years at an 21% rate of interest. The loan is to be on monthly EMI on monthly reducing balance method.

What about be interest and principal amount to be paid in October 2013?


A.

Rs 1567 and 2162 respectively


B.

Rs 372 and 3295 respectively


C.

Rs 313 and 3450 respectively


D.

Rs 191 and 3576 respectively


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