CUET CUET Mathematics 2024 - 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) | PYQs + Solutions | AfterBoards
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CUET Mathematics 2024

Statistics & Applications
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Financial Math

Medium

A Multinational company creates a sinking fund by setting a sum of ₹ 12,00012,000 annually for 1010 years to pay off a bond issue of ₹ 72,00072,000. If the fund accumulates at 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)

Correct Option: 3
Will be added.

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