Let us denotes R=Periodic payment,i=interest per period per rupee ,n=number of payment,P=pricipal payment
Match the terms in List I with their respective formula in List II.
LIST-I LIST-II A. The amount in a sinking fund after period with payment at end I. B. EMI by using flat rate method II. C. The amount in a sinking fund after period with payment at beginning III. D. EMI by using reducing balance payment rate method IV.
Choose the correct answer from the options given below:
Let us denotes R=Periodic payment,i=interest per period per rupee ,n=number of payment,P=pricipal payment
Match the terms in List I with their respective formula in List II.
| LIST-I | LIST-II |
|---|---|
| A. The amount in a sinking fund after period with payment at end | I. |
| B. EMI by using flat rate method | II. |
| C. The amount in a sinking fund after period with payment at beginning | III. |
| D. EMI by using reducing balance payment rate method | IV. |
Choose the correct answer from the options given below:
Solution
✅ Correct Option: 3
An ordinary annuity (payment at end) accumulates to (III).
The flat rate EMI adds interest on the whole principal, giving (II).
Payments at the beginning earn one extra period, giving the same amount multiplied by (IV).
The reducing balance EMI is (I).
Related questions:
2026: 31 May Shift 2
2025: 29 May Shift 2