Statistics & Applications

Financial Math

Easy

applied

Ankur takes a personal loan of ₹ 3,00,000 at the rate of 12% per annum for two years. His EMI using a flat rate method will be:

₹36,000

₹15,000

₹15,500

₹18,600

✅ Correct Option: 3

Flat rate interest $= 300000 \times 0.12 \times 2 = ₹72000$ . Total repayment $= ₹372000$ spread over $24$ months, so EMI $= \frac{372000}{24} = ₹15500$ .

2025: 21 May Shift 2

A money lender charges Rs10 for Rs100 per month in advance then effective rate of interest per annum charged by money lender is: [given $\left(\frac{10}{9}\right)^{12} \approx 3.541$ ]

2025: 22 May Shift 1

Which one of the following statement is incorrect about sinking fund?

2025: 14 May Shift 2

A machine costing Rs. 25000 has a useful life of 4 years. The estimated scrap value is Rs. 5000. The annual depreciation by linear method is

2026: 29 May Shift 1

Ram invested ₹10,000 in a stock of a company for 6 years. The value of his investment at the end of each year is given below:

	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6
	₹10,000	₹11,500	₹13,000	₹11,800	₹12,200	₹14,000

Then CAGR % of his investment is:

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

2026: 22 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Nominal rate of return	(I) $EMI=\frac{Principal+Interest}{Period\ in\ months}$
(B) CAGR	(II) $\frac{Original\ value\ of\ the\ asset-Salvage\ value\ of\ the\ asset}{Useful\ life\ of\ the\ asset}$
(C) Flat rate method	(III) $\frac{Current\ market\ value\ of\ investment-Original\ investment\ value}{Original\ investment\ value}\times100$
(D) Annual depreciation	(IV) $\left(\frac{Investment\ at\ the\ end\ of\ investment\ period}{Investment\ at\ the\ beginning\ of\ the\ period}\right)^{\frac{1}{investment\ period}}-1$

Choose the correct answer from the options given below:

2025: 30 May Shift 2

An investment of ₹ 3,00,000 becomes ₹ 4,50,000 in 5 years, then the compound annual growth rate (CAGR) is equal to:

[Given that: $(1.5)^{1/5} = 1.084$ ]

Ankur takes a personal loan of ₹ 3,00,000 at the rate of 12% per annum for two years. His EMI using a flat rate method will be:

Solution

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