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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.  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.
2.  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.
3. 
P = Rs. 8500, A = Rs. 10200, R = 12 % SI, t 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 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.
6.  If P = Rs. 4500, A = Rs. 7200, than Simple interest i.e. I will be 
A.
B.
C.
D.
7.  A = Rs. 5200, R = 5% p.a., T = 6 years, P will be
A.
B.
C.
D.
8.  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.
9.  The present value of an annuity of Rs. 80 a years for 20 years at 5% p.a is
A.
B.
C.
D.
10.  The sum required to earn a monthly interest of Rs 1200 at 18% per annum SI is 
A.
B.
C.
D.
11.  The effective rate of interest corresponding a nominal rate of 7% p.a convertible quarterly is
A.
B.
C.
D.
12.  A sum of money doubles itself in 10 years. The number of years it would triple itself is
A.
B.
C.
D.
13.  If P = 1000, n = 4 yrs., R = 5% p.a then C. I will be 
A.
B.
C.
D.
14.  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.
15.  The C.I on Rs. 16000 for 1 Vi years at 10% p.a payable half -yearly is 
A.
B.
C.
D.
16. 
P = Rs. 12000, A = Rs. 16500, T = 2  years. Rate percent per annum simple interest  will be
A.
B.
C.
D.
17.  Rs. 100 will become after 20 years at 5% p.a compound interest amount
A.
B.
C.
D.
18.  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.
19.  If P = 5000, T = 1,I = Rs. 300, R will be
A.
B.
C.
D.
20. 
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.
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