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Applied Mathematics · 2022 · 2 marks
CBSE 2022 · Central · Set 4 · Q3
(a) Find the effective rate which is equivalent to nominal rate of 10% p.a. compounded monthly. [Given that: (1.00833)^12=1.1047 ]
(a)
Find the effective rate which is equivalent to nominal rate of $\displaystyle 10$% p.a. compounded monthly.
[Given that : $\displaystyle (1.00833)^{12}=1.1047$]
OR
(b)
Abhay bought a mobile phone for ₹ $\displaystyle 30$,000. The mobile phone is estimated to have a scrap value of ₹ $\displaystyle 3,000$ after a span of $\displaystyle 3$ years. Using the linear depreciation method, find the book value of the mobile phone at the end of $\displaystyle 2$ years.
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CBSE Class 12 Applied Mathematics past-paper question from the 2022 board exam. Where our answers come from.