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CBSE Questions for Class 11 Commerce Applied Mathematics Basics Of Financial Mathematics Quiz 14 - MCQExams.com

Find the compound interest to the nearest rupee on Rs. 7500 for 2 years 4 months at 12% per annum reckoned annually.
  • Rs. 2240
  • Rs. 2250
  • Rs. 2284
  • Rs. 2276
A manufacturer reckons that the value of a machine which costs him Rs. 15025, will depreciate each year by 20%. Find the estimated value at the end of 5 years.
  • 12020
  • 9616
  • 6154.24
  • 4923.39
The time in which Rs.1800 amount to Rs.2178 at 10% per annum, compounded annually is 
  • 3 years
  • 2 years
  • 4 years
  • 112years
The price of a scooter is Rs.14000. If it depreciates by 2% of its value at the beginning of each year. Find the sale value after 4 years.
  • Rs1213.154
  • Rs12000.154
  • Rs12913.154
  • None of these
If meena gives an interest of Rs. 45 for one year at 9% rate p.a. What is the has borrowed ?
  • Rs. 450
  • Rs. 480
  • Rs. 500
  • Rs. 550
What would be the C.I obtained on an amount of 12500 at the rate of 12 p.c.p.a. after 2 years? 
  • Rs. 3180
  • Rs. 3360
  • Rs. 3540
  • Rs. 3720
What would be C.I. on Rs. 17500 at the rate of 12% per annum compounded annually after 2 years? 
  • Rs. 4442
  • Rs. 4452
  • Rs. 4462
  • Rs. 4482
What would be the C.I. obtained on an amount of Rs. 12000 at the rate of 9 p.c.p.a for 3 years?
  • Rs. 3840
  • Rs. 3540.348
  • Rs. 3540
  • Rs. 3640
Mark against the correct answer in the following:
A sum amounts to Rs.3605 in 219 days at 5% per annum. The sum is
  • Rs.3250
  • Rs.3500
  • Rs.3400
  • Rs.3550
The population of a town in 2009 was 125000. It increase 10% per year. What is the population after 3 years?
  • 166375
  • 170000
  • 125000
  • 10000
Aditya invest Rs.50,000 in a fixed deposit at 10% C.I. for 2 years. At the end of 2 years he puts the money in another deposit at 12% S.I. for 3 years, What was the final value of the initial Investment?
  • Rs.80000
  • Rs.81280
  • Rs.82280
  • Rs.83280
Aditya invested certain amount in two different schemes A and B. Scheme A offer S.I.@ 12% p.a. and scheme B offer C.I.@ 10% p.a interest accrued on the amount invested in schemes A in 2 years was Rs. 3600 and the total amount invested was Rs. 35000. What was the interest accrued on the amount invested in scheme B?
  • Rs. 4500
  • Rs. 4200
  • Rs. 4000
  • Cannot be determined
Decrease 300 by 24%
  • 238
  • 220
  • 235
  • 228
The population of Mumbai increase 5% per annum, its population was 1000000 in 2004. What was it's population after 3 year?
  • 1157625
  • 123575
  • 132557
  • 11000
A steno-typist deposits Rs. 10,000 in a bank for a period of 3 years at 12% per annum compound interest. The interest accrued to her after maturity will be  
  • Rs.3600
  • Rs.4029
  • Rs.4032
  • Rs.4049.28
Calculate the amount and compound interest on 
(i) INR 10800 for 3 years at 1212%   per annum compounded annually . 
  • 4555.25
  • 4050.42
  • 4577.34
  • 4566.20
What is CI on INR 7500 for 4 years if the rate of interest is 10% p.a. For the first 2 years and 20%p.a. for the next 2 years?
  • INR 5273
  • INR 5568
  • INR 5554.8
  • INR 5325
A sum of money doubles in 3 years at compound interest, compounded annually. It will become 4 times of itself in 
  • 12 years
  • 9 years
  • 8 years
  • 6 years
Find the compound interest on R s . 2 8 0 0 for 1 \dfrac{1}{2} years at 1 0 % per annum compound interest annually -
  • R s . 4 3 4
  • R s . 5 4 4
  • R s . 5 3 4
  • R s . 4 3 5
The compound interest on Rs. 2800 for 1\dfrac{1}{2} years at 10 \% p.a. is
  • Rs. \,441.35
  • Rs. \,436.75
  • Rs. \,434
  • Rs. \,420
At what rate of interest will Rs. 20000 become Rs. 24200 after 2 years when interest is compounded annually?
  • 5 \%
  • 6 \%
  • 10 \%
  • 15 \%
Amit invested an amount of Rs.25000 in fixed deposit @C.I. 8% per annum for 2 years. What amount Amit will get? 
  • Rs. 28240
  • Rs. 28540
  • Rs. 29240
  • Rs. 29160
The compound interest on Rs.5,000 at 4\% per annum for 2 years compounded annually will be
  • Rs.806
  • Rs.708
  • Rs.5,408
  • Rs.408
The population of a particular area of a city is 5000. It increases by 10 \% in 1^{st} year. It decreases by 20 \% in the 2^{nd} year because of some reason. In the 3^{rd} year, the population increases by 30 \%. What will be the population of area at the end of 3 years?
  • 5120
  • 5300
  • 5720
  • 5620
The cost price of a car is Rs. \,4,00,000. If its price decreases by 10 \% every year, then when will be the cost of car after 3 years?
  • Rs. \,3,00,000
  • Rs. \,2,91,700
  • Rs. \,2,91,600
  • Rs. \,2,50,000
A four year Indira Vikas certificate with a maturity value of Rs. 700 is purcahsed for Rs.The rate \% p.a. is :
  • 9 \dfrac { 1 } { 11 } \%
  • 10\%
  • 11\%
  • 21 \dfrac { 9 } { 11 } \%
The population of a country is 10 crore and it is the possibility that the population will become 13.31 crore in 3 years. What will be the annual rate per cent of this growth?
  • 8 \%
  • 12.7 \%
  • 10 \%
  • 15 \%
Rohit received an interest of Rs 2520 at the rate 7 % after 3 years. Find out the principal for which he received this interest.
  • Rs 15,000
  • Rs 21,000
  • Rs 1,500
  • Rs 12,000
Due to reduction of interest rate from 8% to 7.5% by bank, one man got Rs. 600 less as compared to early annual receipts. The amount deposited in the bank is _______________.
  • Rs. 1, 00, 000
  • Rs. 1, 50, 000
  • Rs. 1, 20, 000
  • Rs. 2, 00, 000
The present population of a city is 3,02,If the population increases by 10% every year, what was the population of the city two years ago?
  • 2,80,000
  • 2,75,000
  • 2,48,000
  • 2,50,000
0:0:2


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