Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

Which of the following in NOT true ?

Options:

Sinking fund is established to set aside revenue for a future expense

Sinking funds are the same as savings account

Sinking fund is set up for a particular purpose

Sinking funds are to be used at a particular time

Correct Answer:

Sinking funds are the same as savings account