Simple And Compound Interest Including Annuity - Applications

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Simple And Compound Interest Including Annuity - Applications

  
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1.  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.
2. 
P = Rs. 12000, A = Rs. 16500, T = 2  years. Rate percent per annum simple interest  will be
A.
B.
C.
D.
3.  The effective rate of interest corresponding a nominal rate of 7% p.a convertible quarterly is
A.
B.
C.
D.
4.  S.I on Rs. 3500 for 3 years at 12% per annum is
A.
B.
C.
D.
5.  The C.I on Rs. 16000 for 1 Vi years at 10% p.a payable half -yearly is 
A.
B.
C.
D.
6.  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.
7. 
P = 5000, R = 15, T = 4 using I = PRT/100,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.  A sum of money doubles itself in 10 years. The number of years it would triple itself is
A.
B.
C.
D.
10.  If P = 1000, n = 4 yrs., R = 5% p.a then C. I will be 
A.
B.
C.
D.
11.  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.
12.  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.
13.  If A = Rs. 10000, n= 18yrs., R= 4% p.a C.I, P will be
A.
B.
C.
D.
14.  If P = Rs. 1000, R = 5% p.a, n = 4; What is Amount and C.I. is 
A.
B.
C.
D.
15.  The C.I on Rs. 40000 at 10% p.a for 1 year when the interest is payable quarterly is
A.
B.
C.
D.
16.  The present value of an annuity of Rs. 3000 for 15 years at 4.5% p.a CI is
A.
B.
C.
D.
17.  The amount of an annuity certain of Rs. 150 for 12 years at 3.5% p.a C.I is 
A.
B.
C.
D.
18. 
P = Rs. 8500, A = Rs. 10200, R = 12 % SI, t will be
A.
B.
C.
D.
19.  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.
20.  The sum required to earn a monthly interest of Rs 1200 at 18% per annum SI is 
A.
B.
C.
D.
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