CBSE Questions for Class 11 Commerce Applied Mathematics Basics Of Financial Mathematics Quiz 5 - MCQExams.com

A sum of Rs. 100 at CI becomes Rs. 300 in 4 years. What will it amount to in 12 years?
  • Rs. 2,700
  • Rs. 2,400
  • Rs. 2,200
  • Rs. 3,700
The C.I. on a sum of money for 2 years is Rs. 832 and the S.I. on the same sum for the same period is Rs. The difference between the C.I and S.I. for 3 years will be
  • Rs. 48
  • Rs. 66.56
  • Rs. 98.56
  • None of these
A sum of money invested at C.I. amounts to Rs. 800 in 3 years and to Rs. 840 in 4 years. The rate of interest per annum is
  • $$2\, \displaystyle \frac{1}{2}$$%
  • $$4$$%
  • $$5$$%
  • $$6\, \displaystyle \frac{2}{3}$$%
What will be the difference between simple and compound interest at 10% per annum on a sum of Rs. 1000 after 4 years?
  • Rs. 31
  • Rs. 32.10
  • Rs. 40.40
  • Rs. 64.10
Madhav lent out Rs. 7953 for 2 years and Rs. 1800 for 3 years at the same rate of simple interest. If he got Rs.66 as total, then find the percent rate of interest.
  • 11%
  • 12%
  • 12.5%
  • 5%
A scooter was bought at $$\text{Rs. } 42000$$. Its value depreciated at the rate of $$8\%$$ per annum, find its value after one year.
  • $$\text{Rs. } 38640$$
  • $$\text{Rs. } 37740$$
  • $$\text{Rs. } 38145$$
  • $$\text{Rs. } 39640$$
The present population of a town is $$5000$$. If the population decreases at the rate of $$10\%$$ per year, the population after $$2$$ years will be 
  • $$4820$$
  • $$4050$$
  • $$4980$$
  • $$4500$$
The present population of a town is $$35,000$$. If the population becomes $$35,700$$ next year, the rate of growth is
  • $$2\%$$
  • $$20\%$$
  • $$70\%$$
  • $$7\%$$
The population of a town increases from $$10000$$ to $$10400$$. The growth rate is
  • $$4\%$$
  • $$40\%$$
  • $$2\%$$
  • $$20\%$$
A student purchased a pen for RsAt the end of 8 years it was valued at Rs 20 Assuming the yearly depreciation is a constant amount find the annual depreciation
  • 8
  • 9
  • 10
  • 11
Calculate compound interest on Rs $$2000$$ for $$2$$ years at the rate $$5\% $$
  • $$105$$
  • $$200$$
  • $$205$$
  • $$2205$$
The difference between simple interest and compound interest is that
  • Simple interest is easier to compute.
  • Simple interest yields a lot of money.
  • Simple interest is the interest on original principal only.
  • None of these
There is a question followed by three statements. While answering the question, you may or may not require the data provided in all the statements. You have to read, the question and the three statements and then decide whether the question can be answered with any one or two of the statements or all the three statements are required to answer the question. Mr. Gupta borrowed a sum of money on compound interest. What will be the amount to be repaid if he is repaying the entire amount at the end of $$2$$ years?

$$I$$. The rate of interest is $$5$$ p.c.p.a.
$$II$$. Simple interest fetched on the same amount in one year is $$Rs. 600$$.
$$III$$. The amount borrowed is $$10$$ times the simple interest in $$2$$ years.
  • $$I$$ only
  • $$III$$ only
  • $$I$$ or $$II$$ only
  • None of these
An emergency lamp costs Rs.Every year, its value depreciates by 10%. What is its value at the end of 3 years?
  • Rs.908.90
  • Rs. 809.10
  • Rs. 801.90
  • Rs. 980.90
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 cost of a car purchased 2 years ago depreciates at the rate of 20% per annum. If its present value is Rs 3, 15,600, find the value of the car after 2 years
  • Rs 2,01,994
  • Rs 50,496
  • Rs 2,01,984
  • Rs 10,09,920
Find the compound interest on Rs 1,200 for 2 years at 10% per annum
  • Rs 252
  • Rs 225
  • Rs 300
  • Rs 350
Depreciation refers to 
  • Closure of a plant due to lock out
  • Closure of a plant due to labour issues
  • Loss of equipment over time due to wear to tear
  • Destruction of plant in a fire accident
In what period will Rs 3,200 amount to Rs 3,528 at 5% per annum compounded annually?
  • $$3$$ years
  • $$4$$ years
  • $$2$$ years
  • $$2\frac {1}{2}$$ years
Ram had Rs 2 lakh part of which he lent at 15% p.a. and rest at 12% p.a. Yearly interest on both the parts was Rs 27,600 How much did he lend at 15%?
  • Rs 1,20,000
  • Rs 1,00,000
  • Rs 80,000
  • Rs 60,000
X, Y and Z are the three sums of money. X is the simple interest on Y, and Y is the simple interest on Z. The rate percent per year and the time in years being the same in each case. Which one of the following relations in X, Y, Z is correct?
  • $$XYZ=100$$
  • $$Y^2=XZ$$
  • $$Z^2=XY$$
  • $$X^2=YZ$$
A sum of money at compound interest is doubled in $$20$$ years. Then the number of years required to tripple itself are
  • $$32$$ years
  • $$35$$ years
  • $$40 $$years
  • $$45$$ years
Find the rate, when $$Rs.\ 1800$$ earns an interest of $$Rs.\ 432$$ in $$3$$ years
  • $$7\%$$
  • $$6\%$$
  • $$5\%$$
  • $$8\%$$
Rs. $$2000$$ amounts to Rs. $$2226.05$$ in two years at compound interest. The rate of interest is
  • $$5.0$$ per cent
  • $$5.25$$ per cent
  • $$5.5$$ per cent
  • $$6.0$$ per cent
A sewing machine was purchased $$2$$ years ago. Its value decreases by $$10\%$$ every year. Its present value is $$Rs.\ 19,083.60$$. For how much was the machine purchased?
  • $$Rs.\ 23,940$$
  • $$Rs.\ 23,560$$
  • $$Rs.\ 24,500$$
  • $$Rs.\ 24,000$$
Rajan borrowed Rs. $$5000$$ from Rakesh at simple interest. After $$3$$ years, Rakesh got Rs. $$300$$ more than what he had given to Rajan. What was the rate of interest per annum?
  • $$2\%$$
  • $$5\%$$
  • $$8\%$$
  • $$10\%$$
Mr. Mittal finds that an increase in the rate of interest from $$4 \displaystyle  \dfrac{7}{8}\%$$ to $$5 \displaystyle \dfrac{1}{8}\%$$ per annum increases his yearly income by Rs. $$250$$. His investment is
  • Rs. $$1,00,000$$
  • Rs. $$1,20,000$$
  • Rs. $$1,50,000$$
  • Rs. $$2,00,000$$
The compound interest on $$Rs.\ 5600$$ for $$1 \dfrac{1}{2}$$ years at $$10\%$$ per annum, compounded annually, is
  • $$Rs.\ 882.70$$
  • $$Rs.\ 873.50$$
  • $$Rs.\ 868$$
  • $$Rs.\ 840$$
A sum of Rs 16,400 is borrowed to be paid back in 2 years by two equal annual payments, allowing 5% compound interest. The annual payment is
  • Rs 8,000
  • Rs 8,050
  • Rs 8,820
  • Rs 9,000
A man had $$\text{Rs. } 2,000$$. He lent a part of this at $$5\%$$ interest and the rest at $$4\%$$ interest. The total interest he received in one year was $$\text{Rs. } 92$$. The money he lent at $$5\%$$ interest was
  • $$\text{Rs. } 1,200$$
  • $$\text{Rs. } 1,250$$
  • $$\text{Rs. } 1,300$$
  • $$\text{Rs. } 1,350$$
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