If the cash equivalent of a perpetuity of ₹ 1200 payable at the end of each quarter is ₹ 96,000, then the rate of interest convertible quarterly is:

A charity organization has a fund of Rs.2,00000 to provide annual grants to students. The grant amount each year is Rs.15,000. The fund earns an interest rate of r% per annum. If the interest earned is used entirely to provide the grants, then the annual interest rate r is:

Ram took a home loan of ₹ 45,00,000 at the rate of 6% per annum for 25 years. His EMI by using flat rate method is

Kavya takes a personal loan of ₹ 10,00,000 at the rate of 12% per annum for 5 years, then the EMI by using flat rate method is

Which of the following are similarities between the sinking fund and the savings account?

(A) The sinking fund and the savings account are both financial tools.

(B) Both can be used in any emergency.

(C) They both involve setting aside an amount of money for the future.

(D) Both are long-term accounts which can be closed any time.

Choose the correct answer from the options given below:

Scrap value of a machine is one-tenth of its actual cost. If the estimated life of the machine is ten years and the annual depreciation under linear method is ₹45000, then the cost of the machine is

Maneesh took a loan of ₹ 9,00,800 from bank at an interest rate of 6% per annum for 10 years. If she has to pay the loan back with the help of equal monthly installments (EMI). Then, the EMI using reduced balance method is (approx):

[Given: $(1.005)^{-120}=0.5496$]