Which of the following statements are correct? (A) In the sinking fund a fixed amount at regular intervals is deposited. (B) Sinking fund is a long-term account which can be closed any time. (C) In a saving account, any amount, any time can be deposited. (D) Sinking fund can be used only for the purpose it was created. Choose the correct answer from the options given below:

A car costing ₹ 5,00,000 has a useful life of 15 years. The estimated scrap value is ₹ 50,000. The annual depreciation using the straight line method is

Which of the following pointers are the characteristics of sinking fund?

A. It is a long term account which can be closed any time.

B. It is set up for a particular upcoming expense.

C. It can be used in any emergency.

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

Choose the correct answer from the options given below:

A man plans to take a housing loan of Rs 99,53,000 from a bank costing 18% per annum compounded monthly. The loan is to be paid back in 30 years in equal monthly installments (EMI). The EMI by reducing balance method is:

[Given $(1.015)^{-360} = 0.0047$]

A person invested ₹ 10000 in a stock of a company for 6 years. The value of his investment at the end of each year is given in the following table:

The compound annual growth rate (CAGR) of his investment is:

[Given $(1.4)^{1/6} = 1.058$]

Jemina invested ₹ 50,000 in a mutual fund in 2019. The value of the mutual fund increased to ₹ 80,000 in 2024. The percentage of CAGR (Compound Annual Growth Rate) of her investment is: [Use $(1.6)^{1/5} = 1.098$]

Rahul invested ₹ 20000 in a mutual fund in year 2018. If the value of mutual fund increased to ₹ 32000 in year 2023. Then the compound annual growth rate of his investment is: $[given \, that(1.6)^{1/5} = 1.098]$