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ElectricalEconomics for Engineers
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Mr. X monthly mortgage payment (principal plus interest) is Rs. 1,500. If Mr. X has a 30-year loan with a fixed interest rate of 0.5% per month, how much did he borrow from the bank to purchase his house?

A

Rs. 154,000

B

Rs. 180,000

C

Rs. 250,000

D

Rs. 300,000

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