For an investment, if the nominal rate of interest is $10 \%$ compounded half yearly, then the effective rate of interest is :

A flower vase costs ₹ $36,000$. With an annual depreciation of ₹ $2,000$, its cost will be ₹ $6,000$ in _____ years.

What sum of money is needed to invest now, so as to get ₹5000 at the beginning of every month forever, if the money is worth 6% per annum compounded monthly?

Mohini purchases a house worth Rs. 50 lakhs and makes a down payment of Rs. 11.2 lakhs. She pays the remaining amount on monthly EMI using a reducing balance method. The bank charges 6% per annum compounded monthly for a tenure of 25 years. Her EMI is:

[Given: $(1.005)^{-300} \approx 0.224$]

A company has issued a bond of face value ₹ 90,000 carrying an annual dividend of 7% and maturing in 15 years. If the prevailing market rate of interest is 9% , the value of bond redeemed at par is: (given $(1.09)^{-15} \approx 0.3$)

A father has setup a sinking fund in order to have ₹ 2,40,000 after 10 years for his daughter's marriage. How much amount should he set aside bi-annually into an account paying 5% per annum compounded half-yearly?

[given : $(1.025)^{20}\approx 1.6$]

Rama takes a personal loan for a car worth ₹5,00,000 at an interest rate of 7% per annum to be repaid by equal monthly instalments (EMI) in 5 years. Using flat rate method, EMI will be:-