Mohan wishes to purchase a house for ₹10,000,000 with a down payment of ₹20,00,00.00. If he pays the balance amount in 25 years by equal monthly instalment at 9% compounded monthly, then the total interest paid by Mohan is:

[Use $(1.0075)^{300} = 9.4084$]

Which of the following are correct?

(A) Sinking fund is a fixed term account.

(B) Sinking fund is set-up for a particular upcoming expense.

(C) In sinking fund 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:

Mr. Mittal invested Rs. 20,000 in a mutual fund in the year 2019. The value of the mutual fund increased to Rs. 32,000 in the year 2024. The compound annual growth rate of his investment is:

[Given $(1.6)^{1/5} = 1.098$]

A person has invested Rs.20,000 in 2020 for 5 years. If CAGR for his investment is 11.84%. The end balance of his investment is (Given $(1.1184)^5 \approx 1.7498$)

If an investment value get doubled in 10 years then its compound annual growth rate (CAGR) is: (Given $2^{1/10} = 1.0729$)

Which of the following are similarities between the sinking fund and the savings account?

(A) The sinking fund and the savings account are both financial tools.

(B) Both can be used in any emergency.

(C) They both involve setting aside an amount of money for the future.

(D) Both are long-term accounts which can be closed any time.

Choose the correct answer from the options given below:

Harish invested ₹ 40,000 in a no-fee fund. After one year, the value of the fund rose to ₹ 60,000 then the nominal rate of return on the investment is