Simple And Compound Interest Including Annuity - Applications

20 Questions  I  By Sweetsalman123
Please take the quiz to rate it.

 Simple And Compound Interest Including Annuity - Applications

  
Changes are done, please start the quiz.


Questions and Answers

Removing question excerpt is a premium feature

Upgrade and get a lot more done!
1.  A = Rs. 5200, R = 5% p.a., T = 6 years, P will be
A.
B.
C.
D.
2.  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.
3.  A sum of money doubles itself in 10 years. The number of years it would triple itself is
A.
B.
C.
D.
4.  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.
5.  If the amount of an annuity after 25 years at 5% p.a C.I is Rs. 50000 the annuity will be
A.
B.
C.
D.
6.  The effective rate of interest corresponding to a nominal rate 3% p.a payable half yearly is 
A.
B.
C.
D.
7.  If P = Rs. 1000, R = 5% p.a, n = 4; What is Amount and C.I. is 
A.
B.
C.
D.
8.  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.
9.  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.
10.  A man purchased a house valued at Rs. 300000. He paid Rs. 200000 at the time of purchase and agreed to pay the balance with interest at 12% per annum compounded half yearly in 20 equal half yearly instalments. If the first instalment is paid after six months from the date of purchase then the amount of each instalment is [Given log 10.6 = 1.0253 and log 31.19 - 1.494]
A.
B.
C.
D.
11.  P = Rs. 12000, A = Rs. 16500, T = 2  years. Rate percent per annum simple interest  will be
A.
B.
C.
D.
12.  If A = Rs. 10000, n= 18yrs., R= 4% p.a C.I, P will be
A.
B.
C.
D.
13.  The time by which a sum of money would treble it self at 8% p. a C. I is
A.
B.
C.
D.
14.  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.
15.  Given annuity of Rs. 100 amounts to Rs. 3137.12 at 4.5% p.a C. I. The number of years will be
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.  The time in which a sum of money will be double at 5% p.a C.I is
A.
B.
C.
D.
18.  The present value of an annuity of Rs. 3000 for 15 years at 4.5% p.a CI is
A.
B.
C.
D.
19.  A person bought a house paying Rs. 20000 cash down and Rs. 4000 at the end of each year for 25 yrs. at 5% p.a. C.I. The cash down price is
A.
B.
C.
D.
20.   If A = Rs. 1000, n = 2 years, R=6% p.a compound interest payable half-yearly, then principal ( P ) is
A.
B.
C.
D.
Back to top

Removing ad is a premium feature

Upgrade and get a lot more done!
Take Another Quiz
We have sent an email with your new password.