CUET Mathematics - Mr. X purchased a house from a company for ₹ 7,00,000 and made a down payment of ₹ 1,50,000. He repays the balance in 25 years by equal monthly installments at 9 % per annum compounded monthly. The equated monthly installment (EMI) is: [Given that : (1.0075)⁻³⁰⁰ = 0.106] | PYQs + Solutions

CUET Mathematics 2025 16 May Shift 1

Statistics & Applications

Medium

applied

₹ 3625

₹ 4614

₹ 5614

₹ 4714

✅ Correct Option: 2

Related questions:

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:

16 May Shift 1

Shyam invested ₹ 2,00,000 in 2019 for 5 years. If the compound annual growth rate (CAGR) for his investment is 10 %, then the end balance of his investment is:

2 June Shift 1

A machine costing ₹ 3,00,000 will have its scrap value of ₹ 50,000. The company at present plans to put ₹ 36,650 per annum at the end of each year in a sinking fund at the rate 5% per annum for the replacement of the machine after its useful life. Suppose the new machine will cost ₹ 4,00,000 at that time, then the useful life (approx.) of the machine is : [Given: $(1.4775)^{1/8} = 1.05$ ]

CUET Mathematics 2025 16 May Shift 1 PYQs

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