CUET Mathematics - Which of the following is NOT correct about "Sinking Fund"? | PYQs + Solutions

CUET Mathematics 2025 19 May Shift 1

Statistics & Applications

Medium

applied

It is set up for particular upcoming expense.

A fixed amount at regular intervals is deposited in it.

It can be used only for the purpose it was created.

It is a long-term fund which can be closed at any time.

✅ Correct Option: 4

Related questions:

30 May Shift 2

Ram wishes to purchase a house for ₹ 15,00,000 and made a down payment of ₹ 5,00,000. If he can amortize the balance at 9% per annum compounded monthly for 25 years, then his EMI is:

[Given (1.0075)^{300} ≈ 9.41]

22 May Shift 1

Which one of the following statement is incorrect about sinking fund?

21 May Shift 1

The number of years required for a sum of money to get tripple at the effective rate of 4% is : (Given $(1.04)^{28} = 3)$

CUET Mathematics 2025 19 May Shift 1 PYQs

Keyboard Shortcuts