CUET Mathematics 2025 19 May Shift 1 PYQs

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:

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]

What sum of money is needed to invest now, so as to get Rs. 5000 at the beginning of every month forever, if the money is worth 6 % per annum compounded monthly?