Simple And Compound Interest Including Annuity - Applications

20 Questions  I  By Sweetsalman123
math xmlns=http://www.w3.org/1998/Math/MathMLmi mathvariant=boldV/mimo=/momfracmi mathvariant=boldA/mimi mathvariant=boldi/mi/mfracmfenced close=] open=[mrowmn1/mnmo-/momfracmn1/mnmrowmo(/momn1/mnmo+/momii/mimsupmo)/momin/mi/msup/mrow/mfrac/mrow/mfenced/math

  
Changes are done, please start the quiz.


Question Excerpt

Removing question excerpt is a premium feature

Upgrade and get a lot more done!
1.   If A = Rs. 1000, n = 2 years, R=6% p.a compound interest payable half-yearly, then principal ( P ) is
A.
B.
C.
D.
2.  The present value of an annuity of Rs. 80 a years for 20 years at 5% p.a is
A.
B.
C.
D.
3.  The time by which a sum of money would treble it self at 8% p. a C. I is
A.
B.
C.
D.
4.  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.
5.  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.
6.  The effective rate of interest corresponding a nominal rate of 7% p.a convertible quarterly is
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.  If P = Rs. 4500, A = Rs. 7200, than Simple interest i.e. I will be 
A.
B.
C.
D.
9.  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.
10.  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.
11.  S.I on Rs. 3500 for 3 years at 12% per annum is
A.
B.
C.
D.
12.  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.
13.  The C.I on Rs. 40000 at 10% p.a for 1 year when the interest is payable quarterly is
A.
B.
C.
D.
14.  The amount of an annuity certain of Rs. 150 for 12 years at 3.5% p.a C.I is 
A.
B.
C.
D.
15.  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.
16.  The present value of annuity of Rs. 5000 per annum for 12 years at 4% p.a C.I. annually is 
A.
B.
C.
D.
17.  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.
18.  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.
19.  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.
20.  The C.I on Rs. 16000 for 1 Vi years at 10% p.a payable half -yearly is 
A.
B.
C.
D.
Back to top


to post comments.

Removing ad is a premium feature

Upgrade and get a lot more done!
Take Another Quiz