{"id":505472,"date":"2023-04-19T12:27:15","date_gmt":"2023-04-19T06:57:15","guid":{"rendered":"https:\/\/infinitylearn.com\/surge\/question\/in-year-2000-mr-talwar-took-a-home-loan-of-3000000-from-state-bank-of-india-at-7-5-p-a-compounded-monthly-for-20-years-the-equated-monthly-installment-paid-by-mr-talwar-was\/"},"modified":"2025-06-26T12:13:13","modified_gmt":"2025-06-26T06:43:13","slug":"in-year-2000-mr-talwar-took-a-home-loan-of-3000000-from-state-bank-of-india-at-7-5-p-a-compounded-monthly-for-20-years-the-equated-monthly-installment-paid-by-mr-talwar-was","status":"publish","type":"questions","link":"https:\/\/infinitylearn.com\/surge\/question\/math\/applied-math\/in-year-2000-mr-talwar-took-a-home-loan-of-3000000-from-s\/","title":{"rendered":"In year 2000, Mr. Talwar took a home loan of (3000000 from State Bank of India at 7.5% p.a. compounded monthly for 20 years. The equated monthly installment paid by Mr. Talwar was"},"content":{"rendered":"","protected":false},"author":1,"template":"","meta":{"_yoast_wpseo_focuskw":"","_yoast_wpseo_title":"","_yoast_wpseo_metadesc":"In year 2000, Mr. Talwar took a home loan of (3000000 from State Bank of India at 7.5% p.a. compounded monthly for 20 years. The equated monthly installment paid by Mr. Talwar was","custom_permalink":"question\/math\/applied-math\/in-year-2000-mr-talwar-took-a-home-loan-of-3000000-from-s\/"},"categories":[],"acf":{"question":"<p>In year 2000, Mr. Talwar took a home loan of (3000000 from State Bank of India at 7.5% p.a. compounded monthly for 20 years. The equated monthly installment paid by Mr. Talwar was<\/p>","options":[{"option":"<p>\u20b924169.82<\/p>","correct":true},{"option":"<p>\u20b937839.85<\/p>","correct":false},{"option":"<p>\u20b935288.82<\/p>","correct":false},{"option":"<p>\u20b939437.75<\/p>","correct":false}],"solution":"<p>By plugging in the values:<\/p>\r\n<ul>\r\n<li>Principal (P): \u20b930,00,000<\/li>\r\n<li>Annual interest rate: 7.5%<\/li>\r\n<li>Loan tenure: 20 years<\/li>\r\n<\/ul>\r\n<p>The EMI comes out to be approximately:<\/p>\r\n<p>EMI&asymp;\u20b924,168.71 <em>EMI<\/em><\/p>\r\n<p><strong>Answer<\/strong>: Mr. Talwar's equated monthly installment (EMI) for the home loan was approximately \u20b924,169.<\/p>","subject":"Math\/Applied math"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>In year 2000, Mr. Talwar took a home loan of (3000000 from State Bank of India at 7.5% p.a. compounded monthly for 20 years. The equated monthly installment paid by Mr. Talwar was - Infinity Learn by Sri Chaitanya<\/title>\n<meta name=\"description\" content=\"In year 2000, Mr. Talwar took a home loan of (3000000 from State Bank of India at 7.5% p.a. compounded monthly for 20 years. The equated monthly installment paid by Mr. Talwar was\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infinitylearn.com\/surge\/question\/math\/applied-math\/in-year-2000-mr-talwar-took-a-home-loan-of-3000000-from-s\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In year 2000, Mr. Talwar took a home loan of (3000000 from State Bank of India at 7.5% p.a. compounded monthly for 20 years. The equated monthly installment paid by Mr. Talwar was - Infinity Learn by Sri Chaitanya\" \/>\n<meta property=\"og:description\" content=\"In year 2000, Mr. Talwar took a home loan of (3000000 from State Bank of India at 7.5% p.a. compounded monthly for 20 years. The equated monthly installment paid by Mr. Talwar was\" \/>\n<meta property=\"og:url\" content=\"https:\/\/infinitylearn.com\/surge\/question\/math\/applied-math\/in-year-2000-mr-talwar-took-a-home-loan-of-3000000-from-s\/\" \/>\n<meta property=\"og:site_name\" content=\"Infinity Learn by Sri Chaitanya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/InfinityLearn.SriChaitanya\/\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-26T06:43:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/infinitylearn.com\/surge\/wp-content\/uploads\/2025\/04\/infinitylearn.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1008\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@InfinityLearn_\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"In year 2000, Mr. Talwar took a home loan of (3000000 from State Bank of India at 7.5% p.a. compounded monthly for 20 years. The equated monthly installment paid by Mr. Talwar was - Infinity Learn by Sri Chaitanya","description":"In year 2000, Mr. Talwar took a home loan of (3000000 from State Bank of India at 7.5% p.a. compounded monthly for 20 years. The equated monthly installment paid by Mr. Talwar was","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/infinitylearn.com\/surge\/question\/math\/applied-math\/in-year-2000-mr-talwar-took-a-home-loan-of-3000000-from-s\/","og_locale":"en_US","og_type":"article","og_title":"In year 2000, Mr. Talwar took a home loan of (3000000 from State Bank of India at 7.5% p.a. compounded monthly for 20 years. The equated monthly installment paid by Mr. Talwar was - Infinity Learn by Sri Chaitanya","og_description":"In year 2000, Mr. Talwar took a home loan of (3000000 from State Bank of India at 7.5% p.a. compounded monthly for 20 years. The equated monthly installment paid by Mr. Talwar was","og_url":"https:\/\/infinitylearn.com\/surge\/question\/math\/applied-math\/in-year-2000-mr-talwar-took-a-home-loan-of-3000000-from-s\/","og_site_name":"Infinity Learn by Sri Chaitanya","article_publisher":"https:\/\/www.facebook.com\/InfinityLearn.SriChaitanya\/","article_modified_time":"2025-06-26T06:43:13+00:00","og_image":[{"width":1920,"height":1008,"url":"https:\/\/infinitylearn.com\/surge\/wp-content\/uploads\/2025\/04\/infinitylearn.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_site":"@InfinityLearn_","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Organization","@id":"https:\/\/infinitylearn.com\/surge\/#organization","name":"Infinity Learn","url":"https:\/\/infinitylearn.com\/surge\/","sameAs":["https:\/\/www.facebook.com\/InfinityLearn.SriChaitanya\/","https:\/\/www.instagram.com\/infinitylearn_by_srichaitanya\/","https:\/\/www.linkedin.com\/company\/infinity-learn-by-sri-chaitanya\/","https:\/\/www.youtube.com\/c\/InfinityLearnEdu","https:\/\/twitter.com\/InfinityLearn_"],"logo":{"@type":"ImageObject","@id":"https:\/\/infinitylearn.com\/surge\/#logo","inLanguage":"en-US","url":"","contentUrl":"","caption":"Infinity Learn"},"image":{"@id":"https:\/\/infinitylearn.com\/surge\/#logo"}},{"@type":"WebSite","@id":"https:\/\/infinitylearn.com\/surge\/#website","url":"https:\/\/infinitylearn.com\/surge\/","name":"Infinity Learn by Sri Chaitanya","description":"Surge","publisher":{"@id":"https:\/\/infinitylearn.com\/surge\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/infinitylearn.com\/surge\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/infinitylearn.com\/surge\/question\/math\/applied-math\/in-year-2000-mr-talwar-took-a-home-loan-of-3000000-from-s\/#webpage","url":"https:\/\/infinitylearn.com\/surge\/question\/math\/applied-math\/in-year-2000-mr-talwar-took-a-home-loan-of-3000000-from-s\/","name":"In year 2000, Mr. Talwar took a home loan of (3000000 from State Bank of India at 7.5% p.a. compounded monthly for 20 years. The equated monthly installment paid by Mr. Talwar was - Infinity Learn by Sri Chaitanya","isPartOf":{"@id":"https:\/\/infinitylearn.com\/surge\/#website"},"datePublished":"2023-04-19T06:57:15+00:00","dateModified":"2025-06-26T06:43:13+00:00","description":"In year 2000, Mr. Talwar took a home loan of (3000000 from State Bank of India at 7.5% p.a. compounded monthly for 20 years. The equated monthly installment paid by Mr. Talwar was","breadcrumb":{"@id":"https:\/\/infinitylearn.com\/surge\/question\/math\/applied-math\/in-year-2000-mr-talwar-took-a-home-loan-of-3000000-from-s\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/infinitylearn.com\/surge\/question\/math\/applied-math\/in-year-2000-mr-talwar-took-a-home-loan-of-3000000-from-s\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/infinitylearn.com\/surge\/question\/math\/applied-math\/in-year-2000-mr-talwar-took-a-home-loan-of-3000000-from-s\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/infinitylearn.com\/surge\/"},{"@type":"ListItem","position":2,"name":"In year 2000, Mr. Talwar took a home loan of (3000000 from State Bank of India at 7.5% p.a. compounded monthly for 20 years. The equated monthly installment paid by Mr. Talwar was"}]}]}},"_links":{"self":[{"href":"https:\/\/infinitylearn.com\/surge\/wp-json\/wp\/v2\/questions\/505472"}],"collection":[{"href":"https:\/\/infinitylearn.com\/surge\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/infinitylearn.com\/surge\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/infinitylearn.com\/surge\/wp-json\/wp\/v2\/users\/1"}],"wp:attachment":[{"href":"https:\/\/infinitylearn.com\/surge\/wp-json\/wp\/v2\/media?parent=505472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infinitylearn.com\/surge\/wp-json\/wp\/v2\/categories?post=505472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}