Simple And Compound Interest Including Annuity - Applications
20
Questions
I
By Sweetsalman123 on March 19, 2012
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Question Excerpt
| 1. |
P = Rs. 12000, A = Rs. 16500, T = 2 years. Rate percent per annum simple interest will be
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| 2. | S.I on Rs. 3500 for 3 years at 12% per annum is |
| A. |
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| 3. | 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 |
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| 4. | The difference between the S.I. and the C.I. on Rs.2400 for 2 years at 5% p.a. is |
| A. |
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| 5. | The effective rate of interest corresponding to a nominal rate 3% p.a payable half yearly is |
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| 6. | Given annuity of Rs. 100 amounts to Rs. 3137.12 at 4.5% p.a C. I. The number of years will be |
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| 7. | The present value of an annuity of Rs. 80 a years for 20 years at 5% p.a is |
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| 8. | Rs. 100 will become after 20 years at 5% p.a compound interest amount |
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| 9. | The sum required to earn a monthly interest of Rs 1200 at 18% per annum SI is |
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| 10. | The present value of annuity of Rs. 5000 per annum for 12 years at 4% p.a C.I. annually is |
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| 11. |
P = Rs. 8500, A = Rs. 10200, R = 12 % SI, t will be
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| 12. | 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 |
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| 13. | The time in which a sum of money will be double at 5% p.a C.I is |
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| 14. |
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
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| 15. | 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 |
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| 16. | 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 |
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| 17. | The present value of an annuity of Rs. 3000 for 15 years at 4.5% p.a CI is |
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| 18. | The amount of an annuity certain of Rs. 150 for 12 years at 3.5% p.a C.I is |
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| 19. | 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 |
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| 20. | 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 |
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