CUET Mathematics - Which of the following are correct about the Sinking Fund? (A) It is a fixed term account. (B) It is a set-up for a particular upcoming expense. (C) A fixed amount at regular intervals is deposited in the Sinking Fund. (D) It can be used in any emergency. Choose the correct answer from the options given below: | PYQs + Solutions

CUET Mathematics 2025 14 May Shift 1

Statistics & Applications

Medium

applied

(A), (B) and (D) only

(A), (B) and (C) only

(B), (C) and (D) only

✅ Correct Option: 2

Related questions:

15 May Shift 1

Which of the following are correct about equated monthly installments (EMI)?

(A) The EMI depends on principal borrowed, rate of interest and tenure of the loan.

(B) It is a fixed amount made by borrower to the lender every month.

(D) As we pay off our loan, the outstanding principal amount decreases with every EMI in reducing balance method.

Choose the correct answer from the options given below:

13 May Shift 2

On 1st April 2024, person 'X' purchased a machinery costing ₹ 65000 and spent ₹ 10000 on its installation. The estimated effective life of the machinery is 5 years with a scrap value of ₹ 10000. The annual depreciation using the straight-line method with the accounting year ending on 31st March 2025 is:

15 May Shift 1

At what rate of interest will the present value of a perpetuity of Rs. 1000 payable at the end of every six months be Rs. 20000?

CUET Mathematics 2025 14 May Shift 1 PYQs

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