Simple And Compound Interest Including Annuity - Applications

20 Questions  I  By Sweetsalman123
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1.  The effective rate of interest corresponding a nominal rate of 7% p.a convertible quarterly is
A.
B.
C.
D.
2.  P = Rs. 12000, A = Rs. 16500, T = 2«math xmlns=¨http://www.w3.org/1998/Math/MathML¨»«mfrac»«mn»1«/mn»«mn»2«/mn»«/mfrac»«/math»  years. Rate percent per annum simple interest  will be
A.
B.
C.
D.
3.  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.
4.  If P = Rs. 1000, R = 5% p.a, n = 4; What is Amount and C.I. is 
A.
B.
C.
D.
5.  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.
6.  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.
7.  If P = 1000, n = 4 yrs., R = 5% p.a then C. I will be 
A.
B.
C.
D.
8.  The time in which a sum of money will be double at 5% p.a C.I is
A.
B.
C.
D.
9.  S.I on Rs. 3500 for 3 years at 12% per annum is
A.
B.
C.
D.
10.  A = Rs. 5200, R = 5% p.a., T = 6 years, P will be
A.
B.
C.
D.
11.  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.
12.  If P = 5000, T = 1,I = Rs. 300, R will be
A.
B.
C.
D.
13.  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.
14.  The present value of an annuity of Rs. 80 a years for 20 years at 5% p.a is
A.
B.
C.
D.
15.  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.
16.  If P = Rs. 4500, A = Rs. 7200, than Simple interest i.e. I will be 
A.
B.
C.
D.
17.  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.
18.  Rs. 100 will become after 20 years at 5% p.a compound interest amount
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.  If A = Rs. 10000, n= 18yrs., R= 4% p.a C.I, P will be
A.
B.
C.
D.
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