Skip to main content

A Multinational company creates a sinking fund by setting a sum of ₹ 12,000 annually for 10 years to pay off a bond issue of ₹ 72,000. If the fund…

CUET UG 2024 — Mathematics Statistics & Applications

2024mcqmedium

A Multinational company creates a sinking fund by setting a sum of ₹ 12,00012,00012,000 annually for 101010 years to pay off a bond issue of ₹ 72,00072,00072,000. If the fund accumulates at 5%5 \%5% per annum compound interest, then the surplus after paying for bond is :

(Use (1.05)10≈1.6)\left.(1.05)^{10} \approx 1.6\right)(1.05)10≈1.6)

Official previous-year question

Held on 16 May 2024 · Verified 13 Jul 2026.

Options

  1. A

    ₹ 78,90078,90078,900

  2. B

    ₹ 68,50068,50068,500

  3. C

    ₹ 72,00072,00072,000

  4. D

    ₹ 1,44,0001,44,0001,44,000

Did you get this right?

Sign in to track your attempts and accuracy.

Your note

Sign in to keep a private note on this question. Nothing you write is ever public.

CUET UG Statistics & Applications in other years

More CUET UG Statistics & Applications questions

Other Mathematics topics for CUET UG

Keep practicing Statistics & Applications

Work through every CUET UG Statistics & Applications PYQ, year by year.

Browse all Mathematics topics