CUET Mathematics - Ms. Sheela creates a fund of ₹ 1,00,000 for providing scholarships to needy children. The scholarship is provided in the beginning of the year. This fund earns an interest of r \% per annum. If the scholarship amount is taken as ₹ 8,000, then r= | PYQs + Solutions

CUET Mathematics

Statistics & Applications

Medium

applied

$8 \frac{1}{2} \%$

$8 \frac{16}{23} \%$

$8 \frac{17}{25} \%$

$8 \frac{2}{5} \%$

✅ Correct Option: 2

Related questions:

14 May Shift 1

Which of the following are correct about the Sinking Fund?

(A) It is a fixed term account.

(B) It is a set-up for a particular upcoming expense.

(D) It can be used in any emergency.

Choose the correct answer from the options given below:

21 May Shift 2

Which of the following is not correct about the Compound Annual Growth Rate (CAGR)?

21 May Shift 2

A money lender charges Rs10 for Rs100 per month in advance then effective rate of interest per annum charged by money lender is: [given $\left(\frac{10}{9}\right)^{12} \approx 3.541$ ]

CUET Mathematics PYQs

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