CUET Mathematics - Which of the following are similarities between the sinking fund and the savings account? (A) The sinking fund and the savings account are both financial tools. (B) Both can be used in any emergency. (C) They both involve setting aside an amount of money for the future. (D) Both are long-term accounts which can be closed any time. Choose the correct answer from the options given below: | PYQs + Solutions

CUET Mathematics 2025 15 May Shift 2

Statistics & Applications

Medium

applied

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

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

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

(A) and (C) only

✅ Correct Option: 4

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An investment of ₹ 3,00,000 becomes ₹ 4,50,000 in 5 years, then the compound annual growth rate (CAGR) is equal to:

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Maneesh took a loan of ₹ 9,00,800 from bank at an interest rate of 6% per annum for 10 years. If she has to pay the loan back with the help of equal monthly installments (EMI). Then, the EMI using reduced balance method is (approx):

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CUET Mathematics 2025 15 May Shift 2 PYQs

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