CBSE Questions for Class 11 Commerce Applied Mathematics Basics Of Financial Mathematics Quiz 16 - MCQExams.com

You need Rs.10,00010,000 to buy a new television. If you have Rs.6,0006,000 to invest at 55 percent compounded annually, how long will you have to wait to buy the telivisions?
  • 8.428.42 years
  • 10.510.5 years
  • 15.7115.71 years
  • 18.7818.78 years
Mrs. S deposited Rs. 1,00,0001,00,000 in a nationalized bank for 33 years. If the rate of interest is 7%7% p.a., Calculate the interest that bank has to pay to Mrs. S after 33 years if interest is compounded annually.
  • 7,0007,000
  • 7,4907,490
  • 8,014.308,014.30
  • 22,504.3022,504.30
Compound interest is 
  • The interest on principle amount
  • The interest on previously accumulated interest as well as interest on principle amount
  • The interest on principle for number of years
  • All of the above
Rajeev buys good worth Rs 66506650. He gets a rebate of 66% on it. After getting the rebate, he pay sales tax @ 1010%. Find the amount he will have to pay for the goods?
  • Rs 6876.10
  • Rs 6999.20
  • Rs 6654
  • Rs 7000
The value of a machine depreciate 5% annually.  If is present  value is Rs 200000, its value after 2 years will be 
  • Rs 1,80,500
  • Rs 1,99,000
  • Rs 1,80,000
  • Rs 2,10,000
A species has an initial population 410.410. At the end of second day, it decreases by the same percentage. If the process continues in the same pattern, the number of days for the population to reach 310.310. is
  • 10
  • 20
  • 50
  • 100
Abhinav purchased a tracksuit for 24002400 cash or for 20002000 cash down payments and two monthly installments of 800800 each. The rate of interest is

  • 75%75%
  • 120%120%
  • 50%50%
  • None of these
A sum of money doubles itself in 10 years at SI. Then the rate of interest is ______.
  • 5%
  • 10%
  • 15%
  • None of these
At what rate % per annul a sum of RS. 1800 will become RS. 2,700 in 10 years ?
  • 5%
  • 6%
  • 6.75%
  • 10%
A sum of money at SI amounts to RS.2240 in 2 years and to RS.2600 in 5 years. What is the principle amount ?
  • 1000
  • 1500
  • 2000
  • 2500
The present population of a city is 12,00,00012,00,000 . If it increases at the rate of 88% every year, then the population of the city after 22 years is
  • 199680199680
  • 13996801399680
  • 15000001500000
  • 12996801299680
Shankar takes a loan of rs 10,000 at a compound interest rate 10% per annum(p.a)
  • find the compound interest after one year
  • find the compound interest for 2 years
  • find the sum of money required to clean the debt at the end of 2 years
  • find the difference between the compound interest and the simple interest at the same ratte for 2 years
The population of a suburb is 1600016000. Find the rate of increase in the population if the population after two years is 1764017640.
  • 44
  • 55%
  • 33%
  • 66%
0:0:2


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