Statistics & Applications

Financial Math

Medium

applied

A washing machine costing ₹40000 has an estimated useful life of 4 years and a scrap value of ₹5000. The depreciation rate percentage is:

25%

12.5%

15%

20%

✅ Correct Option: 1

Depreciable amount $=40000-5000=35000$ , spread equally over $4$ years gives $8750$ per year.

As a fraction of the depreciable amount this is $\frac{8750}{35000}=25\%$ per annum, matching the straight-line rate $\frac{1}{n}$ .

Note: The question does not state the depreciation method or the base for the rate; we have used the straight-line rate over the depreciable amount.

2026: 22 May Shift 1

Which of the given statements are true?

(A) Coupon rate is the annual interest rate paid by the bond issuer to the bond holder.

(B) Bonds can only be issued by government entities.

(D) If discount rate = coupon rate for a bond, then present value of the bond= face value of the bond

Choose the correct answer from the options given below:

2025: 29 May Shift 2

Every year the price of a motorcycle depreciates by Rs. 15000. After 12 years its price has become Rs. 50000. Then its original cost was:

2025: 22 May Shift 2

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: $[given \, that(1.6)^{1/5} = 1.098]$

2026: 21 May Shift 1

A bond is not characterized by which of the following terms?

(A) Face value

(B) Coupon rate

(D) Equated monthly installment.

Choose the correct answer from the options given below:

2025: 14 May Shift 1

A sofa set costing ₹ 36000 has a useful life of 10 years. If the annual depreciation is ₹ 3000, then the scrap value by linear method is:

2026: 31 May Shift 2

Which of the following statements are true about the sinking fund ?

A. In the sinking fund, a fixed amount at regular intervals is deposited.

B. Sinking fund can be used in an emergency.

C. In the sinking fund, any amount, anytime, 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 washing machine costing ₹40000 has an estimated useful life of 4 years and a scrap value of ₹5000. The depreciation rate percentage is:

Solution

Related questions:

Keyboard Shortcuts

CUET Mathematics Past Year Questions (Topic-Wise)