CBSE Questions for Class 11 Commerce Applied Mathematics Basics Of Financial Mathematics Quiz 3 - MCQExams.com

The compound interest on Rs. 50,000 at 4% per annum for two years compounded anually is :
  • $$4000$$
  • $$4080$$
  • $$4280$$
  • $$4050$$
Tax money is used by ________________.
  • the common people to invest in technology and education
  • the government to invest in technology and education
  • not used
  • none of these
What rate percent of S.I. will a sum of money double itself 
  • 1/2%
  • 8.33%
  • both 1 &2
  • none of these
A specialized agency of the UNO can claim refund of tax paid on ___________________.
  • Intra-State supply of goods and/or services
  • Inter-state supply of goods and/or services
  • Inward supply of goods and/or services
  • All of the above
Compound interest is the interest calculated on the previous year's amount.
  • True
  • False
If the population of a town is  64,000 and its annual increase is 10%, then its correct population at the end of 3 years will be
  • 80,000
  • 85,000
  • 85,100
  • 85,184
If a sum of money placed at  compound interest doubles itself in 5 years, then the same amount of money will be 8 times of itself in
  • 25 years
  • 20 years
  • 15 years
  • 10 years
How much should money lender lend at the simple rate of interest of $$15\%$$ in order to have $$\text{Rs. }3234$$ at the end of $$1\frac{1}{2}$$ years?
  • $$\text{Rs. }1640$$
  • $$\text{Rs. } 2620$$
  • $$\text{Rs. }2610$$
  • $$\text{Rs. } 2640$$
The compound interest of Rs. 1,000 at the rate of 10% will be Rs. 210 in:
  • one year
  • two years
  • three years
  • four years
A certain sum of money Q was deposited for 5 years and 4 months at 4.5%  simple interest and mounted to Rs.Then the value of Q is
  • Rs. 200
  • Rs. 210
  • Rs. 220
  • Rs. 240
The population of a small town is increased by $$\cfrac{15}{2}$$ % per annum for two years. If the present population is $$73, 960$$, then two years before the population was
  • $$68,000$$
  • $$70,000$$
  • $$64,000$$
  • $$60,000$$
Rajan borrowed Rs. 50,000 from Rakesh at simple interest. After 3 years,  Rakesh got Rs. 3000 more  than what he had given to   Rajan. What was the rate of  interest per annum?
  • 2%
  • 5%
  • 8%
  • 10%
A certain sum of money lent out at S.I. amounts to Rs. 6900 in 3 years and Rs. 7500 in 5 years. The sum lent is
  • Rs. 4000
  • Rs. 4500
  • Rs. 5000
  • Rs. 6000
Calculate the amount and the compound interest on Rs.$$12,000$$ in $$2$$years and at $$10 \%$$ per year.
  • $$Rs.\ 14,520$$ and $$Rs.\ 2,520$$
  • $$Rs.\ 14,000$$ and $$Rs.\ 2,000$$
  • $$Rs.\ 13,520$$ and $$Rs.\ 2,820$$
  • $$Rs.\ 17,520$$ and $$Rs.\ 2,120$$
During a period of two years, a principal of Rs. 100 amounts to  Rs. 121 at the annual compound rate of r%. The value of $$r$$ will be
  • $$9$$
  • $$10$$
  • $$\cfrac{21}{2}$$
  • $$11$$
Rakesh took a loan for 7 years at the rate of 6% p.a. S.I. If the total interest paid was Rs. 2100, the principal was
  • Rs. 4400
  • Rs. 4800
  • Rs. 5000
  • Rs. 5200
The sum of money at compound interest amounts to $$Rs. 10580$$ in $$2$$ years and to $$Rs. 12167$$ in $$3$$ years. The rate of interest per annum is
  • $$12\%$$
  • $$14\%$$
  • $$15\%$$
  • $$16\dfrac{2}{3}$$%
A sum of money becomes Rs. 13380 after 3 years and Rs. 20070 after 6 years on compound interest. The sum is
  • Rs. 8800
  • Rs. 8890
  • Rs. 8920
  • Rs. 9040
The cost of a scooter depreciates every year by 15% of its value at beginning of the year. If the present cost of the scooter is Rs. 8,000; find its cost (in Rs.) after 2 years.
  • 5780
  • 6690
  • 7200
  • 7530
A sum of money placed at compound interest doubles itself in $$5$$ years. It will amount to eight times itself in
  • $$10$$ years
  • $$12$$ years
  • $$15$$ years
  • $$20$$ years
A tree increases annually by one-fourth of its height. What will be it's height after $$2$$ years, if it stands $$64$$ cm high today?
  • $$76$$ cm
  • $$80$$ cm
  • $$100$$ cm
  • $$105$$ cm
The current population of a town is 10,If the population increases by $$10\%$$ every year, then the  population of the town after three years will be
  • 13,310
  • 13,500
  • 14,000
  • 14,500
If Rs.3,750 amount to Rs.4,620 in 3 years at simple interest, then find the rate of interest.
  • $$\displaystyle 7\frac{11}{15}$$%
  • $$\displaystyle 8\frac{11}{15}$$%
  • $$\displaystyle 6\frac{11}{15}$$%
  • $$\displaystyle 5\frac{11}{15}$$%
If the simple interest on a sum of money at 5% per annum for 3 years is Rs. 12000, the compound interest on the same sum for the same period at the same rate, is
  • Rs. 12600
  • Rs. 12610
  • Rs. 12640
  • Rs. 12650
Which of the following asset does not depreciate?
  • Machinery and equipment
  • Motor Vehicles
  • Land
  • Furniture

A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. Find the sum.
  • Rs. $$698$$
  • Rs. $$798$$
  • Rs. $$658$$
  • Rs. $$758$$
State true or false:
In $$ \bigtriangleup ABC $$, $$ AD $$ is the median and $$ DE $$ is parallel to $$ BA $$, where $$ E $$ is a point in $$ AC $$ and hence $$ BE $$ is parallel to $$BC$$.
  • True
  • False
Calculate the compound interest(I) on :
Rs. $$8,000$$ in $$2\displaystyle \frac{1}{2}$$ years at $$15\%$$ per annum.
  • $$8000$$
  • $$11000$$
  • $$11373.50$$
  • $$3373.50$$
A man borrows $$Rs.\ 1,200$$ at  rate $$10$$ percent per annum compound interest. If he repays $$Rs.\ 250$$ at the end of each year, find the amount outstanding at the beginning of the fourth year.
  • $$Rs.\ 769.70$$
  • $$Rs. 796$$
  • $$Rs. 799.70$$
  • $$Rs.\ 777.70$$
Calculate the amount and the compound interest on :
Rs. $$3,500$$ at $$10\%$$ per annum in $$2$$ years
  • Rs. $$4,935$$ and Rs. $$529$$.
  • Rs. $$4,235$$ and Rs. $$735$$.
  • Rs. $$3,506$$ and Rs. $$825$$.
  • Rs. $$3,120$$ and Rs. $$900$$.
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