CUET Mathematics - For an investment, if the nominal rate of interest is 10 \% compounded half yearly, then the effective rate of interest is : | PYQs + Solutions

CUET Mathematics

Statistics & Applications

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$10.25 \%$

$11.25 \%$

$10.125 \%$

$11.025 \%$

✅ Correct Option: 1

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If an investment value get doubled in 10 years then its compound annual growth rate (CAGR) is: (Given $2^{1/10} = 1.0729$ )

CUET Mathematics 2024 Slot 1

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 $r=$

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An automobile dealer wishes to buy four luxury cars of different brands given in the table below with some down payment and balance in equal monthly installments (EMI) for 10 years. The bank charges 9% interest per annum compounded monthly.

$\left( {Given } \frac{0.0075 \times(1.0075)^{120}}{(1.0075)^{120}-1} = 0.01266\right)$

Luxury Car	Price of the Car (in Rs.)	Down payment (in Rs.)
P	25,00,000	5,00,000
Q	35,00,000	12,00,000
R	45,00,000	15,00,000
S	42,00,000	15,00,000

Match List-I with List-II

List-I	List-II
Luxury Car	EMI (in Rs.)
(A) P	(I) 34,182
(B) Q	(II) 37,980
(C) R	(III) 29,118
(D) S	(IV) 25,320

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