CUET UG 2024 — Mathematics Statistics & Applications
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 accumulates at 5% per annum compound interest, then the surplus after paying for bond is :
(Use (1.05)10≈1.6)
Held on 16 May 2024 · Verified 13 Jul 2026.
₹ 78,900
₹ 68,500
₹ 72,000
₹ 1,44,000
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