CUET Mathematics - What sum of money is needed to invest now, so as to get ₹5000 at the beginning of every month forever, if the money is worth 6% per annum compounded monthly? | PYQs + Solutions

CUET Mathematics 2025 21 May Shift 1

Statistics & Applications

Medium

applied

₹10,00,500

₹10,50,000

₹10,00,000

₹10,05,000

✅ Correct Option: 4

Related questions:

29 May Shift 2

Rakshita plans to buy a house for Rs.1,00,00,000 with down payment of 20% of the value of house paid by her mother, Rest of the amount she wishes to pay in 25 years by equal monthly installment at an interest of 9% per annum compounded monthly. Then the EMI paid by her is: (Given $(1.0075)^{300}$ = 9 )

30 May Shift 1

The effective rate equivalent to a nominal rate of 12% compounded quarterly is: (Given $(1.03)^4=1.1256$ )

30 May Shift 2

The cost of a property appreciates by 10% of the previous month every month. If in end march 2024 it was ₹ 13.31 lakh, when was it ₹ 10 lakh?

CUET Mathematics 2025 21 May Shift 1 PYQs

Keyboard Shortcuts