A sofa set costing ₹ 36000 has a useful life of 10 years. If the annual depreciation is ₹ 3000, then the scrap value by linear method is:

A person invested ₹ 2,50,000 in a fund. At the end of the year, the value of the fund is ₹ 3,00,000. If the market price is the same at the end of the year, then the nominal rate of return is

Anshu takes a personal loan of ₹10,00,000 at the rate of 12% per annum for 2 years, then the EMI by using flat rate method is

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?

A person wishes to purchase a house for ₹ 39,65,000 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 $(1.005)^{300} = 4.465$]

Mrs. Soma takes a loan of ₹ 5,00,000 with 10% annual interest rate for 5 years. What will be her EMI under flat rate system?

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: