CUET Mathematics - A person has taken a loan of Rs. 40,000 for 3 months from a lender who has deducted Rs.2,000 as interest at the time of lending. Then the effective rate of interest charged per annum by lender is (given:(1.0526)^4 = 1.2279): | PYQs + Solutions

CUET Mathematics 2025 19 May Shift 1

Statistics & Applications

Medium

applied

10.50%

21%

22.75%

16.75%

✅ Correct Option: 3

Related questions:

3 June Shift 1

A company purchased a machine for ₹ 15,00,000 and its effective life is estimated to be 10 years. A sinking fund is created for replacing the machine at the end of its effective life when its scrap value is ₹ 2,42,000. What amount company should provide, at the end of every year out of profits for the sinking fund if it accumulates an interest of 5% per annum? [Given(1.05)¹⁰=1.629]

3 June Shift 2

Choose the correct statement about Sinking Fund?

21 May Shift 2

Mr. X wishes to purchase a flat for Rs. 44,65,000 with a down payment of Rs. 10,00,000 and balance in equated monthly installments (EMI) for 25 years. If the bank charges 6 % per annum compounded monthly, the EMI is:

[Given: $(1.005)^{300} =4.4650$ ]

CUET Mathematics 2025 19 May Shift 1 PYQs

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