CUET Mathematics - 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? | PYQs + Solutions

CUET Mathematics 2025 19 May Shift 1

Statistics & Applications

Medium

applied

Rs 10,05,000

Rs 15,00,000

Rs 10,50,000

Rs 12,50,000

✅ Correct Option: 1

Related questions:

15 May Shift 2

Mr. X wishes to purchase a flat for Rs. 44,60,800 with a down payment of Rs 10,00,000 and balance in equal monthly installments (EMI) for 20 years. If bank charges 7.5% per annum compounded monthly, then the EMI is:

[Given that $(1.00625)^{240} \approx 4.4608$ ]

CUET Mathematics 2024 Slot 1

Match List-I with List-II:

List-I Property Type	List-II EMI amount (in ₹)
(A) P	(I) 25,600
(B) Q	(II) 38,400
(C) R	(III) 32,000
(D) S	(IV) 35,200

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 19 May Shift 1 PYQs

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