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Simple And Compound Interest Including Annuity - Applications

20 Questions  I  By Sweetsalman123
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1.  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.
2.  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.
3.  If P = Rs. 4500, A = Rs. 7200, than Simple interest i.e. I will be 
A.
B.
C.
D.
4.  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.
5.  The present value of an annuity of Rs. 3000 for 15 years at 4.5% p.a CI is
A.
B.
C.
D.
6.  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.
7.  The C.I on Rs. 4000 for 6 months at 12% p.a payable quarterly is
A.
B.
C.
D.
8.  If P = Rs. 1000, R = 5% p.a, n = 4; What is Amount and C.I. is 
A.
B.
C.
D.
9.  The effective rate of interest corresponding to a nominal rate 3% p.a payable half yearly is 
A.
B.
C.
D.
10.  A person desires to create a fund to be invested at 10% CI per annum to provide for a prize of Rs. 300 every year. Using V = a/I find V and V will be
A.
B.
C.
D.
11.  If P = 1000, n = 4 yrs., R = 5% p.a then C. I will be 
A.
B.
C.
D.
12.  The C.I on Rs. 16000 for 1 Vi years at 10% p.a payable half -yearly is 
A.
B.
C.
D.
13.  If P = 5000, T = 1,I = Rs. 300, R will be
A.
B.
C.
D.
14.  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.
15.  A = Rs. 1200 n = 12 yrs i = 0.08 v = ?Using the formula «math xmlns=¨http://www.w3.org/1998/Math/MathML¨»«mi mathvariant=¨bold¨»V«/mi»«mo»=«/mo»«mfrac»«mi mathvariant=¨bold¨»A«/mi»«mi mathvariant=¨bold¨»i«/mi»«/mfrac»«mfenced close=¨]¨ open=¨[¨»«mrow»«mn»1«/mn»«mo»-«/mo»«mfrac»«mn»1«/mn»«mrow»«mo»(«/mo»«mn»1«/mn»«mo»+«/mo»«mi»i«/mi»«msup»«mo»)«/mo»«mi»n«/mi»«/msup»«/mrow»«/mfrac»«/mrow»«/mfenced»«/math» value of v will be
A.
B.
C.
D.
16.  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.
17.  S.I on Rs. 3500 for 3 years at 12% per annum is
A.
B.
C.
D.
18.   If A = Rs. 1000, n = 2 years, R=6% p.a compound interest payable half-yearly, then principal ( P ) is
A.
B.
C.
D.
19.  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.
20.  The amount of an annuity certain of Rs. 150 for 12 years at 3.5% p.a C.I is 
A.
B.
C.
D.
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