CUET Mathematics - A person buys a flat for which he makes down payment of ₹ 7,50,000 and the balance is to be paid in 10 years by monthly instalments of ₹ 22,000 each. If the bank charges interest at the rate of 12% per annum, then the actual price of the flat using flat rate system is : | PYQs + Solutions

CUET Mathematics 2023 15 June Shift 2

Applied Mathematics

Hard

₹ 20,50,000

₹ 19,50,000

₹ 22,00,000

₹ 18,50,000

✅ Correct Option: 2

Related questions:

30 May Shift 3

A company intends to create a sinking fund to replace at the end of 20 $^{th}$ year assets costing Rs. 2,50,000. Then the value of the amount to be retained out of profits every year if the interest rate is 5% is : [Given $(1.05)^{20} = 2.6532$ ]

15 June Shift 2

A car costing ₹ 8,00,000 has scrap value of ₹ 3,00,000. If the book value of car at the end of fourth year is ₹ 6,00,000, then the useful life of the car is :

7 June Shift 1

A sum of Rs 60,000 invested at r percent compounded quarterly will provide payment at rupees 600 each at the end of every three months , then the value of r is :

CUET Mathematics 2023 15 June Shift 2 PYQs

Keyboard Shortcuts