Ravi borrowed ₹15,00,000 from a bank to purchase a plot and decided to repay the loan in equal monthly installments (EMI) in 10 years. If bank charges interest at 10% per annum, then EMI using a flat rate method is

At what rate of interest will the present value of a perpetuity of ₹10000 payable at the end of every six months be ₹200,000?

Which of the following are correct about sinking fund?

A. It is a long-term account which can be closed any time.

B. It is a fixed term account.

C. It can be used only for the purpose it was created.

D. It is set up for a particular upcoming expense.

Choose the correct answer from the options given below:

Which of the following statements are correct about the sinking fund?

(A) It is a fixed term account.

(B) It is set-up for a particular upcoming expense.

(C) In the sinking fund a fixed amount at regular intervals is deposited.

(D) It can be used in any emergency.

Choose the correct answer from the options given below:

A machine costing ₹ 36000 has an effective life of 5 years with scrap value of ₹ 5000 following a linear method of depreciation. Which of the following statements are correct?

(A) The value of the machine after 1 year is ₹ 31000

(B) The value of the machine after 2 years is ₹ 23600

(C) The value of the machine after 3 years is ₹ 18400

(D) The value of the machine after 4 years is ₹ 11200

Choose the correct answer from the options given below:

Which of the following are true about sinking fund?

(A) Sinking fund is a fixed term account.

(B) A fixed amount is deposited at pre defined regular intervals.

(C) Sinking fund can be used in any emergency.

(D) It is setup for a particular upcoming expense.

Choose the correct answer from the options given below:

Mr. X invested Rs. 4,00,000 in shares for 5 years. The value of this investment was Rs. 4,50,000 at the end of the second year, Rs. 490000 at the end of the third year and on maturity, the final value stood at Rs. 6,00,000. The compound annual growth rate of this investment is:

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