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CUET-UG SERIES
Mathematics

Applications Of Compound Interest Formula

4 previous year questions.

Volume: 4 Ques
Yield: Medium

High-Yield Trend

4
2023

Chapter Questions
4 MCQs

01
PYQ 2023
medium
mathematics ID: cuet-ug-
Shyam takes a loan of ₹5,00,000 with 8% annual interest rate for 10 years. The value of EMI under flat rate system is :
1
₹4166.67
2
₹7500
3
₹8332
4
₹50000
02
PYQ 2023
medium
mathematics ID: cuet-ug-
A vehicle whose cost is ₹7,00,000 will depreciate to scrap value of ₹1,50,000 in 5 years. Using linear method of depreciation, the book value of the vehicle at the end of the third year is :
1
₹1,10,000
2
₹3,70,000
3
₹2,70,000
4
₹2,50,000
03
PYQ 2023
medium
mathematics ID: cuet-ug-
The money needed to invest now, so as to get ₹7500 at the beginning of each month forever (starting from the current month) if the money is worth 9% per annuum compounded monthly is.
1
₹10.05,000
2
₹9.05,000
3
₹10,07,500
4
₹9.50,000
04
PYQ 2023
medium
mathematics ID: cuet-ug-
A machine costing ₹ one lakh depreciates at constant rate 10%. Estimated useful life of machine is 8 years.
Match List I with List II
List IList II
A.Total depreciation in 2nd and 3rd year isI.₹81,000
B.Value of machine after one year isII.₹17,100
C.Value of machine after 2 year isIII.₹43050
D.Scrap value of machine is :
given (1.1)3 - 2.144 & (0.9)3 - 0.4305 		IV.₹90,000
Choose the correct answer from the options given below :
1
A-II, B-III, C-IV, D-I
2
A-II, B-IV, C-III, D-I
3
A-II, B-IV, C-I, D-III
4
A-II, B-I, C-IV, D-III

About Applications Of Compound Interest Formula - CUET-UG

Applications Of Compound Interest Formula is a vital chapter for CUET-UG aspirants. Mastering the concepts covered in this chapter is essential for securing a top rank.

By rigorously practicing the previous year questions associated with this chapter, you can identify high-yield topics, understand the examiner's perspective, and boost your confidence during the actual exam.

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