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Simple And Compound Interest Including Annuity - Applications

20 Questions  I  By Sweetsalman123
Simple And Compound Interest Including Annuity - Applications

  
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1.  A = Rs. 5200, R = 5% p.a., T = 6 years, P will be
A.
B.
C.
D.
2.  The C.I on Rs. 40000 at 10% p.a for 1 year when the interest is payable quarterly is
A.
B.
C.
D.
3.  The sum required to earn a monthly interest of Rs 1200 at 18% per annum SI is 
A.
B.
C.
D.
4.  If P = 5000, T = 1,I = Rs. 300, R will be
A.
B.
C.
D.
5.  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
A.
B.
C.
D.
6.  The C.I on Rs. 16000 for 1 Vi years at 10% p.a payable half -yearly is 
A.
B.
C.
D.
7.  The time in which a sum of money will be double at 5% p.a C.I is
A.
B.
C.
D.
8.  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.
9.  The amount of an annuity certain of Rs. 150 for 12 years at 3.5% p.a C.I is 
A.
B.
C.
D.
10.  The effective rate of interest corresponding a nominal rate of 7% p.a convertible quarterly is
A.
B.
C.
D.
11.  The C.I on Rs. 4000 for 6 months at 12% p.a payable quarterly is
A.
B.
C.
D.
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
A.
B.
C.
D.
13.  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.
14.  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.
15.  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.
16.  The population of a town increases every year by 2% of the population at the beginning of that year. The number of years by which the total increase of population be 40% is
A.
B.
C.
D.
17.  The present value of an annuity of Rs. 3000 for 15 years at 4.5% p.a CI is
A.
B.
C.
D.
18.  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.
19.  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.
20.  Mr. X borrowed Rs. 5120 at 12 % % p.a C.I. At the end of 3 yrs, the money was repaid along with the interest accrued. The amount of interest paid by him is  
A.
B.
C.
D.
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