Simple And Compound Interest Including Annuity - Applications
20
Questions
I
By Sweetsalman123
Questions and Answers
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1.S.I on Rs. 3500 for 3 years at 12% per annum is
-
A.
Rs. 1200
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B.
1260
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C.
2260
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D.
None of these
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A.
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2.
P = 5000, R = 15, T = 4 using I = PRT/100,I will be-
A.
Rs. 3375
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B.
Rs. 3300
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C.
Rs. 3735
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D.
None of these
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A.
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3.If P = 5000, T = 1,I = Rs. 300, R will be
-
A.
5%
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B.
4%
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C.
6%
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D.
None of these
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A.
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4.If P = Rs. 4500, A = Rs. 7200, than Simple interest i.e. I will be
-
A.
Rs. 2000
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B.
Rs. 3000
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C.
Rs. 2500
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D.
Rs.2700
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A.
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5.
P = Rs. 12000, A = Rs. 16500, T = 2 years. Rate percent per annum simple interest will be-
A.
15%
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B.
12%
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C.
10%
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D.
None of these
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A.
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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.
A
-
B.
B
-
C.
C
-
D.
D
-
A.
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7.
P = Rs. 8500, A = Rs. 10200, R = 12 % SI, t will be-
A.
1 yr. 7 mth.
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B.
2 yrs.
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C.
1 yr. 6 mth.
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D.
None of these
-
A.
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8.The sum required to earn a monthly interest of Rs 1200 at 18% per annum SI is
-
A.
Rs. 50000
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B.
Rs. 60000
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C.
Rs. 80000
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D.
None of these
-
A.
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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.
Rs. 3800, 31.57%
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B.
Rs. 3000, 20%
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C.
Rs. 3500, 15%
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D.
None of these
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A.
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10.A sum of money doubles itself in 10 years. The number of years it would triple itself is
-
A.
25 years
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B.
15 years
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C.
20 years
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D.
None of these
-
A.
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11.If P = Rs. 1000, R = 5% p.a, n = 4; What is Amount and C.I. is
-
A.
Rs. 1215.50, Rs. 215.50
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B.
Rs. 1125, Rs. 125
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C.
Rs. 2115, Rs. 115
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D.
None of these
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A.
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12.Rs. 100 will become after 20 years at 5% p.a compound interest amount
-
A.
Rs. 250
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B.
Rs. 205
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C.
Rs. 265.50
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D.
None of these
-
A.
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13.The effective rate of interest corresponding to a nominal rate 3% p.a payable half yearly is
-
A.
3.2% p.a
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B.
3.25% p.a
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C.
3.0225% p.a
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D.
None of these
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A.
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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.
4.5 years (appx.)
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B.
5.4 years (appx.)
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C.
5 years (appx.)
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D.
None of these
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A.
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15.If A = Rs. 1000, n = 2 years, R=6% p.a compound interest payable half-yearly, then principal ( P ) is
-
A.
Rs. 888.80
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B.
Rs.885
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C.
800
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D.
None of these
-
A.
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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.
Rs. 3000
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B.
Rs. 3700
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C.
Rs. 12000
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D.
Rs. 10000
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A.
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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.
7 years
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B.
10 years
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C.
17 years (app)
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D.
None of these
-
A.
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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.
Rs. 3486
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B.
Rs. 4383
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C.
Rs. 3400
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D.
None of these
-
A.
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19.The effective rate of interest corresponding a nominal rate of 7% p.a convertible quarterly is
-
A.
7%
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B.
7.5%
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C.
5%
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D.
7.18%
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A.
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20.The C.I on Rs. 16000 for 1 Vi years at 10% p.a payable half -yearly is
-
A.
Rs. 2222
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B.
Rs. 2522
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C.
Rs. 2500
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D.
None of these
-
A.
