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Simple And Compound Interest Including Annuity - Applications

20 Questions  I  By Sweetsalman123
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Simple And Compound Interest Including Annuity - Applications

  
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1.  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.
2.  The C.I on Rs. 40000 at 10% p.a for 1 year when the interest is payable quarterly is
A.
B.
C.
D.
3.  A person bought a house paying Rs. 20000 cash down and Rs. 4000 at the end of each year for 25 yrs. at 5% p.a. C.I. The cash down price is
A.
B.
C.
D.
4.  If P = 1000, n = 4 yrs., R = 5% p.a then C. I will be 
A.
B.
C.
D.
5.  If A = Rs. 10000, n= 18yrs., R= 4% p.a C.I, P will be
A.
B.
C.
D.
6.  The C.I on Rs. 16000 for 1 Vi years at 10% p.a payable half -yearly is 
A.
B.
C.
D.
7.  The present value of an annuity of Rs. 80 a years for 20 years at 5% p.a is
A.
B.
C.
D.
8.  The present value of an annuity of Rs. 3000 for 15 years at 4.5% p.a CI is
A.
B.
C.
D.
9.  The sum required to earn a monthly interest of Rs 1200 at 18% per annum SI is 
A.
B.
C.
D.
10.  The amount of an annuity certain of Rs. 150 for 12 years at 3.5% p.a C.I is 
A.
B.
C.
D.
11.  Rs. 100 will become after 20 years at 5% p.a compound interest amount
A.
B.
C.
D.
12.  The effective rate of interest corresponding a nominal rate of 7% p.a convertible quarterly is
A.
B.
C.
D.
13.  If P = Rs. 4500, A = Rs. 7200, than Simple interest i.e. I will be 
A.
B.
C.
D.
14.  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.
15.  P = Rs. 8500, A = Rs. 10200, R = 12«math xmlns=¨http://www.w3.org/1998/Math/MathML¨»«mfrac»«mn»1«/mn»«mn»2«/mn»«/mfrac»«/math» % SI, t will be
A.
B.
C.
D.
16.  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.
17.  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.
18.  If P = 5000, T = 1,I = Rs. 300, R will be
A.
B.
C.
D.
19.  The C.I on Rs. 4000 for 6 months at 12% p.a payable quarterly is
A.
B.
C.
D.
20.  A = Rs. 5200, R = 5% p.a., T = 6 years, P will be
A.
B.
C.
D.
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