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
  • $$1 \dfrac{1}{2} years$$
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.
  • $$Rs\,\,1213.154$$
  • $$Rs\,\,12000.154$$
  • $$Rs\,\,12913.154$$
  • 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 $$S.I.@$$ $$12 \%\ \text{p.a}$$. and scheme $$B$$ offer $$C.I. @$$ $$10 \%\ \text{p.a}$$ interest accrued on the amount invested in schemes $$A$$ in $$2$$ years was $$\text{Rs.}\ 3600$$ and the total amount invested was $$\text{Rs.}\ 35000$$. What was the interest accrued on the amount invested in scheme $$B$$?
  • $$\text{Rs.}\ 4500$$
  • $$\text{Rs.}\ 4200$$
  • $$\text{Rs.}\ 4000$$
  • 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 $$12\dfrac{1}{2}\% $$   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$$
0:0:1


Answered Not Answered Not Visited Correct : 0 Incorrect : 0

Practice Class 11 Commerce Applied Mathematics Quiz Questions and Answers