CBSE Questions for Class 11 Commerce Applied Mathematics Basics Of Financial Mathematics Quiz 4 - MCQExams.com

Calculate the compound interest for the third year on $$Rs.\ 7,500$$ invested for $$5$$ years at $$10\%$$ per annum.
  • $$Rs. 907.50$$
  • $$Rs.\ 2482.50$$
  • $$Rs.\ 2582.50$$
  • $$Rs.\ 982.50$$
The value of a machine depreciated by $$10 \%$$ per year during the first two years and $$15 \%$$ per year during the third year. Express the total depreciation of the machine, as per cent, during the three years.
  • $$43.21 \%$$
  • $$31.15 \%$$
  • $$23.14 \%$$
  • $$18.34 \%$$
Calculate the amount and the compound interest on Rs. $$6,000$$ in $$3$$ years at $$5\%$$ per year.
  • Rs. 6,945.75 and Rs. 945.75
  • Rs. 6,845.75 and Rs. 945.75
  • Rs. 6,945.75 and Rs. 945.85
  • Rs. 6,945.75 and Rs. 945.70
A man invests Rs. $$30,800$$ at $$5$$% per annum compound interest for $$3$$ years. Calculate:
the interest for the first year.
  • Rs. $$1,540$$
  • Rs. $$1,627$$
  • Rs. $$1,721$$
  • Rs. $$1,863$$
The value of an article which was purchased $$2$$ years ago, depreciates at $$12$$ % per annum. If its present value is Rs .$$ 9680$$, the price at which it was purchased is:
  • Rs. $$10,000$$
  • Rs. $$12,500$$
  • Rs. $$14,575$$
  • Rs. $$16,250$$
Mohan lent some amount of money at $$9\%$$ simple interest and an equal amount of money at $$10\%$$ simple interest each for $$2$$ years. If his total interest was Rs. $$760$$, what amount was lent in each case?
  • Rs. $$1700$$
  • Rs. $$1800$$
  • Rs. $$1900$$
  • Rs. $$2000$$
Calculate the amount and the compound interest on Rs. $$16,000$$ in $$3$$ years, when the rates of the interest for successive years are $$10\%$$, $$14\%$$ and $$15\%$$ respectively.
  • Rs. $$23.073.60$$ and Rs. $$7,073.60$$
  • Rs. $$23.073.60$$ and Rs. $$7,873.60$$
  • Rs. $$23.873.60$$ and Rs. $$7,073.60$$
  • Rs. $$28.073.60$$ and Rs. $$7,073.60$$
Calculate the amount after five years on $$Rs. \ 10,000$$ invested for $$5$$ years at $$10 \%$$ per annum.
  • $$16105.1$$
  • $$15000$$
  • $$16288.95$$
  • None of these
Arun borrowed a sum of money from Jayant at the rate of $$8\%$$ simple interest for the first four years, $$10\%$$ p.a. for the next $$6$$ years and $$12\%$$ p.a. beyond $$10$$ years. If he pays a total of Rs. $$12160$$ as interest only at the end of $$15$$ years, how much money did he borrow?
  • Rs. $$12000$$
  • Rs. $$10000$$
  • Rs. $$8000$$
  • Rs. $$9000$$
A person lent a certain sum of money at $$4\%$$ simple interest and in $$5$$ years, the interest amounted to Rs. $$520$$ less than the sum lent. The sum lent was
  • Rs. $$.600$$
  • Rs. $$650$$
  • Rs. $$700$$
  • Rs. $$750$$
Find the compound interest by using simple interest approach for Rs 5000 for 3 years at 8% per annum compounded annnually. 
  • $$1298.56$$
  • $$1289.00$$
  • $$1.200.89$$
  • None of these
What is the compound interest on an amount of Rs. $$4800$$ at the rate of $$6$$ percent p.a. at the end of $$2$$ years?
  • Rs. $$544.96$$
  • Rs. $$576$$
  • Rs. $$593.28$$
  • Rs. $$588$$
The compound interest on Rs. $$30,000$$ at $$7 \%$$ per annum Rs. $$4347$$. The period ( in years) is 
  • $$2$$
  • $$\displaystyle 2\frac{1}{2}$$
  • $$3$$
  • $$4$$
The principle that amounts to Rs. $$4913$$ in $$3$$ years at $$\displaystyle 6\frac{1}{4}$$% per anmum compound interest compounded annually is 
  • Rs. $$4096$$
  • Rs. $$4085$$
  • Rs. $$4076$$
  • Rs. $$3096$$
The value of a machine depreciates at the rate of $$10\%$$ every year. it was purchased $$3$$ years ago . If its present value is Rs. $$8748$$, its purchase price was
  • Rs. $$10000$$
  • Rs. $$11372$$
  • Rs. $$12000$$
  • Rs. $$12500$$
A tree grows annually by one-eighth of its height. By how much will it grow after 2 years, if it stands today 64 cm high?
  • 72 cm
  • 74 cm
  • 75 cm
  • 81 cm
The half life of Uranium - $$233$$ is $$160000$$ years i.e., Uranium $$233$$ decays at a constant rate in such a way that it reduces to $$50\%$$ in $$160000$$ years. in how many years will it reduce to $$25 \%$$?
  • $$80000$$ years
  • $$240000$$ years
  • $$320000$$ years
  • $$40000$$ years
The cost of a vehicle is Rs. $$1,75,000$$. If its value depreciates at the rate of $$20$$ % per annum, then the total depreciation after $$3$$ years will be:
  • Rs. $$86,400$$
  • Rs. $$82,500$$
  • Rs. $$84,500$$
  • Rs. $$85,400$$
A sum of money invested at compound interest amount in $$3$$ years to Rs. $$2400$$ and in $$4$$ years to Rs. $$2520$$. The interest rate per annum is 
  • $$5 \%$$
  • $$6 \%$$
  • $$10 \%$$
  • $$12 \%$$
The population of a town increases annually by $$25 \% $$ if the preset population is $$1$$ crore, then what was the difference between the population three years ago and two years ago?
  • $$25,00,000$$
  • $$12,80,000$$
  • $$15,60,000$$
  • None of these
A machine depreciates in value each year at the rate of $$10\%$$ of its previous value. However every second year there is some maintenance work, so that in that particular year depreciation is only $$5\%$$ of its previous value. If at the end of the fourth year the value of the machine stands at Rs. $$146205$$, then find the value of the machine at the start at the first year?
  • Rs. $$ 190000$$
  • Rs. $$ 200000$$
  • Rs. $$ 195000$$
  • Rs. $$ 210000$$
The current birth rate per thousand is $$32$$, whereas the corresponding death rate is $$11$$ per thousand. The net growth rate in terms of population increase in per cent is given by, 
  • $$0.0021 \%$$
  • $$0.021 \%$$
  • $$2.1 \%$$
  • $$21 \%$$
What will be the compound interest on a sum of Rs.25000 after 3 years at the rate of 12 per cent p.a.?
  • Rs. 10123.20
  • Rs. 11123.20
  • Rs. 12123.20
  • Rs. 13123.20
The population of a town increases by 5% annually. If the population in 2009 is 1,38,915, what was it in 2006 ?
  • 100,000
  • 110,000
  • 120,000
  • 130,000
The population of a town was 1,60,000 three years ago. If it increased by 3%, 2.5% and 5%, respectively, in the last three years, then what is the present population?
  • 166,366
  • 177,366
  • 166,377
  • 177,377
The population of a village isIf the population increases by 10% in the first year, by 20% in the second year, and due to mass exodus, it decreases by 5% in the third year, what will be its population after 3 years ?
  • 10,540
  • 11,540
  • 12,540
  • 13,540
On what sum of money lent out at 9% per annum for 6 years does the simple interest amounts to Rs. 810?
  • Rs. 1000
  • Rs. 1500
  • Rs. 1200
  • None
A sum of Rs. 12,000 deposited at compound interest doubles after 5 years. After 20 years it will become
  • Rs. 1,20,000
  • Rs. 1,92,000
  • Rs. 1,24,000
  • Rs. 96,000
The annual increase in the population of a town is 10%. If the present population of the town is 180,000, then what will be its population after two years ?
  • 200,000
  • 210,000
  • 217,800
  • 207,800
A sum of money at compound interest (compounded annually) doubles itself in $$4$$ years. In how many years will it amount to eight times of itself ?
  • 12 years
  • 10 years
  • 8 years 
  • 16 years
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