CUET Mathematics - Ramesh plans to save some amount required after 10 years for higher studies of his son. He expects the cost of these studies to be Rs.1,00,000. How much should he save at the beginning of each year to accumulate this amount at the end of 10 years, if the interest rate is 12% compounded annually. (Given (1.12)^-1=3.477) | PYQs + Solutions

CUET Mathematics 2025 30 May Shift 1

Statistics & Applications

Medium

applied

Rs. 4029

Rs. 5702

Rs. 5091

Rs. 5901

✅ Correct Option: 3

Related questions:

14 May Shift 1

A person wishes to purchase a house for ₹ 30,65,000 with a down payment of ₹ 5,00,000 and balance in equal monthly installments (EMI) for 25 years. If bank charges 6% per annum (compounded monthly), then EMI on reducing balance payment method is:

[Given $(1.005)^{300} = 4.465$ ]

CUET Mathematics 2024 Slot 1

Match List-I with List-II:

List-I Property Type	List-II EMI amount (in ₹)
(A) P	(I) 25,600
(B) Q	(II) 38,400
(C) R	(III) 32,000
(D) S	(IV) 35,200

14 May Shift 2

Which of the following are NOT correct about "Sinking Fund"?

(A) It does not have any specific purpose.

(B) It can be used in any emergency.

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

Choose the correct answer from the options given below:

CUET Mathematics 2025 30 May Shift 1 PYQs

Keyboard Shortcuts