Simple And Compound Interest Including Annuity - Applications

20 Questions  I  By Sweetsalman123
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1.  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.
2.  A sum of money doubles itself in 10 years. The number of years it would triple itself is
A.
B.
C.
D.
3.  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.
4.  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.
5.  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.
6.  The time by which a sum of money would treble it self at 8% p. a C. I is
A.
B.
C.
D.
7.   If A = Rs. 1000, n = 2 years, R=6% p.a compound interest payable half-yearly, then principal ( P ) is
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.  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.
10.  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.
11.  If P = 5000, T = 1,I = Rs. 300, R will be
A.
B.
C.
D.
12.  S.I on Rs. 3500 for 3 years at 12% per annum is
A.
B.
C.
D.
13.  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.
14.  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.
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 an annuity of Rs. 80 a years for 20 years at 5% p.a is
A.
B.
C.
D.
17.  The C.I on Rs. 40000 at 10% p.a for 1 year when the interest is payable quarterly is
A.
B.
C.
D.
18.  The C.I on Rs. 4000 for 6 months at 12% p.a payable quarterly is
A.
B.
C.
D.
19.  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.
B.
C.
D.
20.  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.
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