Suresh takes a loan of ₹ 4,00,000 with 10% annual interest rate for 5 years on flat rate basis. Which of the following statements are correct ?

A. The total interest on the principal is ₹ 1,00,000.

B. The number of months in loan period is 60.

C. EMI under flat rate system is ₹ 12,000.

D. EMI under flat rate system is ₹ 10,000.

Choose the correct answer from the options given below:

Meesha takes a loan of ₹ 3,00,000 at an interest of 8% annually for a period of n years. If her monthly EMI using flat rate method is ₹ 7,000, then the number of installments:

A man takes a personal loan worth Rs.3,00,000 at an interest rate of 6% per annum compounded monthly to be repaid by equal monthly installments in 3 years, then the EMI using flat rate method will be:-

Which of the following statements are correct?

(A) A fund which is created to accumulate money over the years to discharge a future obligation is called a sinking fund.

(B) The amount or future value of perpetuity is well-defined.

(C) The sinking fund be used in any emergency.

(D) An equated monthly installment is a fixed payment made by a borrower to a lender at a specific date every month to clear off the loan.

Choose the correct answer from the options given below:

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

Ram invested Rs.20,000 in a mutual fund in the year 2012. The value of the mutual fund increased to Rs.32,000 in the year 2017, then the compound annual growth rate of his investment is (Given that $(1.6)^{\frac{1}{5}} = 1.098$)

Ramesh plans to save some amount required after 10 years for higher studies of his son. He expects the cost of these studies to be Rs.1,00,000. How much should he save at the beginning of each year to accumulate this amount at the end of 10 years, if the interest rate is 12% compounded annually. (Given $(1.12)^{11}=3.477$)