Question:
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.
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.
Updated On: Jun 14, 2024
- ₹10.05,000
- ₹9.05,000
- ₹10,07,500
- ₹9.50,000
Hide Solution
Verified By Collegedunia
The Correct Option is C
Solution and Explanation
The correct option is (C): ₹10,07,500
Was this answer helpful?
0
0
Top Questions on Applications of Compound Interest Formula
- 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 :
- CUET (UG) - 2023
- Mathematics
- Applications of Compound Interest Formula
- 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 :
- CUET (UG) - 2023
- Mathematics
- Applications of Compound Interest Formula
- A machine costing ₹ one lakh depreciates at constant rate 10%. Estimated useful life of machine is 8 years.
Match List I with List IIChoose the correct answer from the options given below :List I List II A. Total depreciation in 2nd and 3rd year is I. ₹81,000 B. Value of machine after one year is II. ₹17,100 C. Value of machine after 2 year is III. ₹43050 D. Scrap value of machine is :
given (1.1)3 - 2.144 & (0.9)3 - 0.4305IV. ₹90,000 - CUET (UG) - 2023
- Mathematics
- Applications of Compound Interest Formula
Questions Asked in CUET exam
- Who devised the concept of Intelligence Quotient (IQ)?
- CUET (UG) - 2024
- Psychological attributes
- Two resistances of 100 \(\Omega\) and 200 \(\Omega\) are connected in series across a 20 V battery as shown in the figure below. The reading in a 200 \(\Omega\) voltmeter connected across the 200 \(\Omega\) esistance is _______.
Fill in the blank with the correct answer from the options given below- CUET (UG) - 2024
- Current electricity
- Two parallel plate capacitors of capacitances 2 \(\mu F\) and 3 \(\mu F\) are joined in series and the combination is connected to a battery of V volts. The values of potential across the two capacitors \(V_1\) and \(V_2\) and energy stored in the two capacitors \(U_1\)and \(U_2\) respectively are related as_____
Fill in the blank with the correct answer from the options given below- CUET (UG) - 2024
- Electrostatics
- As per data collected in 2011, arrange the following Indian states in terms of child sex-ratio from lowest to highest:
(A) Punjab
(B) Haryana
(C) Tamil Nadu
(D) Sikkim
Choose the correct answer from the options given below:- CUET (UG) - 2024
- Social Inequality and Exclusion
- A molecule X associates in a given solvent as per the following equation:
X ⇌ (X)n
For a given concentration of X, the van’t Hoff factor was found to be 0.80 and the
fraction of associated molecules was 0.3. The correct value of ‘n’ is:- CUET (UG) - 2024
- Solutions
View More Questions