CUET Mathematics 2026 31st May Shift 2 PYQs

In reference to the financial mathematics, which of the following statements are correct?

A. Sinking fund is an annuity created for accumulating money that can be used for paying off a financial obligation at some future pre-decided date.

B. The compound annual growth rate (CAGR) is calculated by dividing the cumulative return by the number of years.

C. The average annual growth rate (AAGR) is linear measure that does not account for the effects of compounding.

D. Sinking fund is created to deposit surplus money which can be used for any future need.

Choose the correct answer from the options given below:

Ajesh purchased a printer ₹ 15,000. The printer is estimated to have a scrap value of ₹ 3,000 after a span of 6 years. Then the book value of the printer at the end of 3 years will be:-

Mrs Rathna invested Rs 2 lakh in an enterprise for 5 years. Her compound annual growth rate (CAGR) turned out to be 20.5%. The end balance would be: (given $(1.205)^5=2.54)$