Simple And Compound Interest Including Annuity - Applications

20 Questions  I  By Sweetsalman123 on March 19, 2012
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1.  A person invests Rs. 500 at the end of each year with a bank which pays interest at 10% [Given lc a C.I. annually. The amount standing to his credit one year after he has made his yearly investment for the 12th time is.
A.
B.
C.
D.
2.  S.I on Rs. 3500 for 3 years at 12% per annum is
A.
B.
C.
D.
3.  The present value of annuity of Rs. 5000 per annum for 12 years at 4% p.a C.I. annually is 
A.
B.
C.
D.
4.  Mr. Paul borrows Rs. 20000 on condition to repay it with C.I. at 5% p.a in annq installments of Rs. 2000 each. The number of years for the debt to be paid off is
A.
B.
C.
D.
5.  The sum required to earn a monthly interest of Rs 1200 at 18% per annum SI is 
A.
B.
C.
D.
6.  The time in which a sum of money will be double at 5% p.a C.I is
A.
B.
C.
D.
7.  The annual birth and death rates per 1000 are 39.4 and 19.4 respectively. The number of years in which the population will be doubled assuming there is no immigration or emigration is
A.
B.
C.
D.
8.  A = Rs. 100 n = 10 /= 5% find the FV of annuity. Using the formula FV = a / {1 + i)n-l}, M is equal to 
A.
B.
C.
D.
9.  If P = Rs. 1000, R = 5% p.a, n = 4; What is Amount and C.I. is 
A.
B.
C.
D.
10.  If A = Rs. 10000, n= 18yrs., R= 4% p.a C.I, P will be
A.
B.
C.
D.
11.  P = 5000, R = 15, T = 4 «math xmlns=¨http://www.w3.org/1998/Math/MathML¨»«mfrac»«mn»1«/mn»«mn»2«/mn»«/mfrac»«/math» using I = PRT/100,I will be
A.
B.
C.
D.
12.  The difference between the S.I. and the C.I. on Rs.2400 for 2 years at 5% p.a. is
A.
B.
C.
D.
13.  A company borrows Rs. 10000 on condition to repay it with compound interest at 5%p.a. by annual installments of Rs. 1000 each. The number of years by which the debt will be clear is
A.
B.
C.
D.
14.  If P = 5000, T = 1,I = Rs. 300, R will be
A.
B.
C.
D.
15.  A = Rs. 5200, R = 5% p.a., T = 6 years, P will be
A.
B.
C.
D.
16.  P = Rs. 12000, A = Rs. 16500, T = 2«math xmlns=¨http://www.w3.org/1998/Math/MathML¨»«mfrac»«mn»1«/mn»«mn»2«/mn»«/mfrac»«/math»  years. Rate percent per annum simple interest  will be
A.
B.
C.
D.
17.  The C.I on Rs. 40000 at 10% p.a for 1 year when the interest is payable quarterly is
A.
B.
C.
D.
18.  The C.I on Rs. 16000 for 1 Vi years at 10% p.a payable half -yearly is 
A.
B.
C.
D.
19.  A man purchased a house valued at Rs. 300000. He paid Rs. 200000 at the time of purchase and agreed to pay the balance with interest at 12% per annum compounded half yearly in 20 equal half yearly instalments. If the first instalment is paid after six months from the date of purchase then the amount of each instalment is [Given log 10.6 = 1.0253 and log 31.19 - 1.494]
A.
B.
C.
D.
20.  P = Rs. 10000, I = Rs. 2500, R = 12«math xmlns=¨http://www.w3.org/1998/Math/MathML¨»«mfrac»«mn»1«/mn»«mn»2«/mn»«/mfrac»«/math» % SI. The number of years T will be Options: A.1«math xmlns=¨http://www.w3.org/1998/Math/MathML¨»«mfrac»«mn»1«/mn»«mn»2«/mn»«/mfrac»«/math» years B.2 years C.3 years D.None of these
A.
B.
C.
D.
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