Simple And Compound Interest Including Annuity - Applications
20
Questions
I
By Sweetsalman123 on March 19, 2012
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Question Excerpt
| 1. | S.I on Rs. 3500 for 3 years at 12% per annum is |
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| 2. | If A = Rs. 10000, n= 18yrs., R= 4% p.a C.I, P will be |
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| 3. | A = Rs. 5200, R = 5% p.a., T = 6 years, P will be |
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| 4. | The time in which a sum of money will be double at 5% p.a C.I is |
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| 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 |
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| 6. | The C.I on Rs. 40000 at 10% p.a for 1 year when the interest is payable quarterly is |
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| 7. | If the amount of an annuity after 25 years at 5% p.a C.I is Rs. 50000 the annuity will be |
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| 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 |
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P = 5000, R = 15, T = 4  using I = PRT/100,I will be
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| 10. | The C.I on Rs. 4000 for 6 months at 12% p.a payable quarterly is |
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| 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 |
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| 12. | The effective rate of interest corresponding a nominal rate of 7% p.a convertible quarterly is |
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| 13. | Given annuity of Rs. 100 amounts to Rs. 3137.12 at 4.5% p.a C. I. The number of years will be |
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| 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 |
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| 15. | The present value of an annuity of Rs. 3000 for 15 years at 4.5% p.a CI is |
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| 16. | A sum of money doubles itself in 10 years. The number of years it would triple itself is |
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| 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 |
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| 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 |
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| 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. |
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| 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 |
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