Simple And Compound Interest Including Annuity - Applications

20 Questions  I  By Sweetsalman123 on March 19, 2012
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1.  S.I on Rs. 3500 for 3 years at 12% per annum is
A.
B.
C.
D.
2.  If A = Rs. 10000, n= 18yrs., R= 4% p.a C.I, P will be
A.
B.
C.
D.
3.  A = Rs. 5200, R = 5% p.a., T = 6 years, P will be
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.  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.
6.  The C.I on Rs. 40000 at 10% p.a for 1 year when the interest is payable quarterly is
A.
B.
C.
D.
7.  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.
8.  The difference between C.I and S.I on a certain sum of money invested for 3 years at 6%  p.a is Rs. 110.16. The sum is
A.
B.
C.
D.
9.  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.
10.  The C.I on Rs. 4000 for 6 months at 12% p.a payable quarterly is
A.
B.
C.
D.
11.  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.
12.  The effective rate of interest corresponding a nominal rate of 7% p.a convertible quarterly is
A.
B.
C.
D.
13.  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.
14.  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.
15.  The present value of an annuity of Rs. 3000 for 15 years at 4.5% p.a CI is
A.
B.
C.
D.
16.  A sum of money doubles itself in 10 years. The number of years it would triple itself is
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.  Mr. X borrowed Rs. 5120 at 12 % % p.a C.I. At the end of 3 yrs, the money was repaid along with the interest accrued. The amount of interest paid by him is  
A.
B.
C.
D.
19.  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.
20.  A machine is depreciated at the rate of 20% on reducing balance. The original cost of the machine was Rs. 100000 and its ultimate scrap value was Rs. 30000. The effective life of the machine is
A.
B.
C.
D.
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