CUET Mathematics 2026 31st May Shift 2 PYQs

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:

Amayra takes a loan of ₹5,00,000 at an interest of 10% per annum for a period of three years. The equated monthly installment (EMI) by using flat rate method, she has to pay is:

The value of a depreciable asset at the end of its useful life is called ____.