Simple And Compound Interest Including Annuity - Applications

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 Simple And Compound Interest Including Annuity - Applications

  
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1.  S.I on Rs. 3500 for 3 years at 12% per annum is
A.
B.
C.
D.
2.  P = 5000, R = 15, T = 4 using I = PRT/100,I will be
A.
B.
C.
D.
3.  If P = 5000, T = 1,I = Rs. 300, R will be
A.
B.
C.
D.
4.  If P = Rs. 4500, A = Rs. 7200, than Simple interest i.e. I will be 
A.
B.
C.
D.
5.  P = Rs. 12000, A = Rs. 16500, T = 2  years. Rate percent per annum simple interest  will be
A.
B.
C.
D.
6.  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.
7.  P = Rs. 8500, A = Rs. 10200, R = 12 % SI, t will be
A.
B.
C.
D.
8.  The sum required to earn a monthly interest of Rs 1200 at 18% per annum SI is 
A.
B.
C.
D.
9.  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.
10.  A sum of money doubles itself in 10 years. The number of years it would triple itself is
A.
B.
C.
D.
11.  If P = Rs. 1000, R = 5% p.a, n = 4; What is Amount and C.I. is 
A.
B.
C.
D.
12.  Rs. 100 will become after 20 years at 5% p.a compound interest amount
A.
B.
C.
D.
13.  The effective rate of interest corresponding to a nominal rate 3% p.a payable half yearly is 
A.
B.
C.
D.
14.  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.
15.   If A = Rs. 1000, n = 2 years, R=6% p.a compound interest payable half-yearly, then principal ( P ) is
A.
B.
C.
D.
16.  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.
17.  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.
18.  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.
19.  The effective rate of interest corresponding a nominal rate of 7% p.a convertible quarterly is
A.
B.
C.
D.
20.  The C.I on Rs. 16000 for 1 Vi years at 10% p.a payable half -yearly is 
A.
B.
C.
D.
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