CUET · MATHS · PYQ PAPER 2025
Which of the following statements are correct?
(A) A fund which is created to accumulate money over the years to discharge a future obligation is called a sinking fund.
(B) The amount or future value of perpetuity is well-defined.
(C) The sinking fund be used in any emergency.
(D) An equated monthly installment is a fixed payment made by a borrower to a lender at a specific date every : month to clear off the loan.
Choose the correct answer from the options given below :
- A (A), (B) and (D) only
- B (A) and (D) only
- C (A), (B) and (C) only
- D (B), (C) and (D) only
Answer & Solution
Correct Answer
(B) (A) and (D) only
Step-by-step Solution
Detailed explanation
(A) and (D) only
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