Simple And Compound Interest Including Annuity - Applications

20 Questions  I  By Sweetsalman123
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1.  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.
2.  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.
3.   If A = Rs. 1000, n = 2 years, R=6% p.a compound interest payable half-yearly, then principal ( P ) is
A.
B.
C.
D.
4.  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.
5.  The time in which a sum of money will be double at 5% p.a C.I is
A.
B.
C.
D.
6.  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.
7.  The present value of an annuity of Rs. 3000 for 15 years at 4.5% p.a CI is
A.
B.
C.
D.
8.  The effective rate of interest corresponding to a nominal rate 3% p.a payable half yearly is 
A.
B.
C.
D.
9.  If A = Rs. 10000, n= 18yrs., R= 4% p.a C.I, P will be
A.
B.
C.
D.
10.  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.
11.  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.
A.
B.
C.
D.
12.  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.
13.  Mr. Paul borrows Rs. 20000 on condition to repay it with C.I. at 5% p.a in annq installments of Rs. 2000 each. The number of years for the debt to be paid off is
A.
B.
C.
D.
14.  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.
15.  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.
16.  If P = Rs. 1000, R = 5% p.a, n = 4; What is Amount and C.I. is 
A.
B.
C.
D.
17.  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.
18.  S.I on Rs. 3500 for 3 years at 12% per annum is
A.
B.
C.
D.
19.  The C.I on Rs. 16000 for 1 Vi years at 10% p.a payable half -yearly is 
A.
B.
C.
D.
20.  A = Rs. 5200, R = 5% p.a., T = 6 years, P will be
A.
B.
C.
D.
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