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AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 326 Topic 33 Discussion

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AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 326 Topic 33 Discussion

CWM_LEVEL_2 Exam Topic 33 Question 326 Discussion:
Question #: 326
Topic #: 33

Section B (2 Mark)

On 1st February 2009, 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 would be interest and principal amount to be paid in November 2011?
A.

Rs 1567 and 2162 respectively

B.

Rs 191 and 3576 respectively

C.

Rs 313 and 3450 respectively

D.

Rs 372 and 3295 respectively

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Actual exam question for AAFM CWM_LEVEL_2 exam by Axel89069 at Aug 3, 2025, 12:00:00 AM

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