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

Ram invested ₹10,000 in a stock of a company for 6 years. The value of his investment at the end of each year is given below:

Then CAGR % of his investment is:

(Given $(1.4)^{1/6}=1.058$)

Rakshita plans to buy a house for Rs.1,00,00,000 with down payment of 20% of the value of house paid by her mother, Rest of the amount she wishes to pay in 25 years by equal monthly installment at an interest of 9% per annum compounded monthly. Then the EMI paid by her is: (Given $(1.0075)^{300}$ = 9 )

Which of the following statements are correct?

(A) In the sinking fund a fixed amount at regular intervals is deposited.

(B) Sinking fund is a long-term account which can be closed any time.

(C) In a saving account, any amount, any time can be deposited.

(D) Sinking fund can be used only for the purpose it was created.

Choose the correct answer from the options given below:

A charity organization has a fund of Rs.2,00000 to provide annual grants to students. The grant amount each year is Rs.15,000. The fund earns an interest rate of r% per annum. If the interest earned is used entirely to provide the grants, then the annual interest rate r is:

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:-

An asset costing ₹ 1,50,000 is expected to have useful life of 5 years and scrap value of ₹ 30,000. Using linear depreciation method which of the following are TRUE?

A. Annual depreciation is ₹ 24,000

B. Depreciation rate is 20% per annum

C. Depreciation rate is 24% per annum

D. Annual depreciation is ₹ 22,000

Choose the correct answer from the options given below: