Simple And Compound Interest Including Annuity - Applications
20
Questions
I
By Sweetsalman123
Question Excerpt
| 1. | Rs. 100 will become after 20 years at 5% p.a compound interest amount |
| A. |
| B. |
| C. |
| D. |
| 2. | If the amount of an annuity after 25 years at 5% p.a C.I is Rs. 50000 the annuity will be |
| A. |
| B. |
| C. |
| D. |
| 3. | The amount of an annuity certain of Rs. 150 for 12 years at 3.5% p.a C.I is |
| A. |
| B. |
| C. |
| D. |
| 4. | The time in which a sum of money will be double at 5% p.a C.I is |
| A. |
| B. |
| C. |
| D. |
| 5. | 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. |
| 6. | 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. |
| 7. | The population of a town increases every year by 2% of the population at the beginning of that year. The number of years by which the total increase of population be 40% is |
| A. |
| B. |
| C. |
| D. |
| 8. |
P = Rs. 10000, I = Rs. 2500, R = 12 % SI. The number of years T will be
Options:
A.1 years
B.2 years
C.3 years
D.None of these
|
| A. |
| B. |
| C. |
| D. |
| 9. | 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. |
| 10. | S.I on Rs. 3500 for 3 years at 12% per annum is |
| A. |
| B. |
| C. |
| D. |
| 11. | 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. |
| 12. | The C.I on Rs. 4000 for 6 months at 12% p.a payable quarterly is |
| A. |
| B. |
| C. |
| D. |
| 13. | The time by which a sum of money would treble it self at 8% p. a C. I is |
| A. |
| B. |
| C. |
| D. |
| 14. | The present value of an annuity of Rs. 3000 for 15 years at 4.5% p.a CI is |
| A. |
| B. |
| C. |
| D. |
| 15. | A sum of money doubles itself in 10 years. The number of years it would triple itself is |
| A. |
| B. |
| C. |
| D. |
| 16. | If P = 1000, n = 4 yrs., R = 5% p.a then C. I will be |
| A. |
| B. |
| C. |
| D. |
| 17. | A loan of Rs. 10.000 is to be paid back in 30 equal instalments. The amount of eat installment to cover the principal and at 4% p.a CI is |
| A. |
| B. |
| C. |
| D. |
| 18. | 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. |
| 19. | Given annuity of Rs. 100 amounts to Rs. 3137.12 at 4.5% p.a C. I. The number of years will be |
| A. |
| B. |
| C. |
| D. |
| 20. | The C.I on Rs. 16000 for 1 Vi years at 10% p.a payable half -yearly is |
| A. |
| B. |
| C. |
| D. |
