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Simple And Compound Interest Including Annuity - Applications

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

  
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1.  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.
2.  If P = 1000, n = 4 yrs., R = 5% p.a then C. I will be 
A.
B.
C.
D.
3.  The C.I on Rs. 16000 for 1 Vi years at 10% p.a payable half -yearly is 
A.
B.
C.
D.
4.  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.
5.  The present value of an annuity of Rs. 80 a years for 20 years at 5% p.a is
A.
B.
C.
D.
6.  Rs. 100 will become after 20 years at 5% p.a compound interest amount
A.
B.
C.
D.
7.  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.
8.  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.
9.  The present value of an annuity of Rs. 3000 for 15 years at 4.5% p.a CI is
A.
B.
C.
D.
10.  A = Rs. 5200, R = 5% p.a., T = 6 years, P will be
A.
B.
C.
D.
11.  P = Rs. 10000, I = Rs. 2500, R = 12«math xmlns=¨http://www.w3.org/1998/Math/MathML¨»«mfrac»«mn»1«/mn»«mn»2«/mn»«/mfrac»«/math» % SI. The number of years T will be Options: A.1«math xmlns=¨http://www.w3.org/1998/Math/MathML¨»«mfrac»«mn»1«/mn»«mn»2«/mn»«/mfrac»«/math» years B.2 years C.3 years D.None of these
A.
B.
C.
D.
12.  S.I on Rs. 3500 for 3 years at 12% per annum is
A.
B.
C.
D.
13.  The useful life of a machine is estimated to be 10 years and cost Rs. 10000. Rate of i depreciation is 10% p.a. The scrap value at the end of its life is
A.
B.
C.
D.
14.  If A = Rs. 10000, n= 18yrs., R= 4% p.a C.I, P will be
A.
B.
C.
D.
15.  A sum of money doubles itself in 10 years. The number of years it would triple itself is
A.
B.
C.
D.
16.  The effective rate of interest corresponding to a nominal rate 3% p.a payable half yearly is 
A.
B.
C.
D.
17.  The time by which a sum of money would treble it self at 8% p. a C. I is
A.
B.
C.
D.
18.  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.
19.  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.
20.  A sum of money amount to Rs. 6200 in 2 years and Rs. 7400 in 3 years. Theprincipal and rate of interest are        
A.
B.
C.
D.
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