Loading [MathJax]/jax/output/CommonHTML/jax.js

CBSE Questions for Class 11 Commerce Applied Mathematics Basics Of Financial Mathematics Quiz 7 - MCQExams.com

Naman purchased an old bike for Rs. 20000. If the cost of his bike is depreciated at a rate of 5% per annum, then find the cost of the bike after 2 years?
  • Rs. 18050
  • Rs. 15000
  • Rs. 1900
  • Rs. 18000
Identify the two statements by which the principal sum can be calculated?
P : The sum amounts to Rs. 690 in 3 yrs at Simple Interest.
Q : The sum amounts to Rs. 750 in 5 yrs at Simple interest.
R : The rate of interest is 5% per annum.
  • P & Q will give the answer
  • R & Q will give the answer
  • P & R will give the answer
  • Any two will give the answer
Priya invested a certain amount of money and got back an amount of Rs. 15000. If the bank paid an interest of Rs. 5000, what is the amount Priya invested?
  • 5000
  • 8000
  • 15000
  • 10000
Depreciation increase the value of asset.
  • True
  • False
The present population of a city is 18522000. If it has been increased at the rate of 5% per annum, find the population(approx) after 3 years.
  • 2522200
  • 16000000
  • 21441530
  • 252200
Oscar earned Rs. 2400 as simple interest on Rs. `4500 for 3 months. What is the annual rate of interest?
  • 16.66%
  • 17.77%
  • 18.88%
  • 19.99%
To start a grocery shop, a woman borrowed Rs. 1,500. If the loan was for four years and the amount of interest was Rs. 150, what simple interest rate was she charged?
  • 1.5%
  • 2.5%
  • 3.5%
  • 4.5%
You borrow Rs. 4,000 from a loan shark. If you owe Rs. 7,200 in 4 years, what would be the simple interest rate?
  • 10%
  • 20%
  • 30%
  • 40%
Sharmila got a Rs. 1300 loan for 5 years. She paid Rs. 100 in interest. What was the interest rate?
  • 1.1%
  • 1.3%
  • 1.5%
  • 1.7%
The present population of a town is 14000. If it increases at the rate of 10% per annum, what will be its population after 4 years?
  • 10497
  • 20497
  • 30497
  • 40497
The present population of a city is 15000. If it increases at the rate of 4% per annum. Find its population after 2 years.
  • 16224
  • 26224
  • 36224
  • 46224
The cost of a machine is Rs. 24500. After two year the value of that machine was depreciated by 6%. Find the value of machine after two year.
  • 11560
  • 21560
  • 31560
  • 41560
Jenn borrowed Rs. 5,000 for 5 years and had to pay Rs. 1,500 simple interest at the end of that time. What rate of interest did she pay?
  • 4%
  • 5%
  • 6%
  • 7%
A machine was purchased 3 years ago. Its value decreases by 5% every year. Its present value is Rs.23000. For how much money was the machine purchased?
  • Rs.16828.45
  • Rs.26826.07
  • Rs.36828.56
  • Rs.46828.80
Calculate the compound interest on a sum of Rs. 20000 at the end of 3 years at the rate of 10% p.a. compounded annually.
  • 6620
  • 5620
  • 3410
  • 2386
A machine depreciates at the rate of 10% of its value at the beginning of a year. If the present value of a machine is Rs. 4000, find its value after 3 years.
  • Rs. 1916
  • Rs. 2916
  • Rs. 3916
  • Rs. 4916
A company bought a car that had a value of Rs. 10000. each year the value of the car depreciates by 15%. What is the value of the car at the end of 2 years.
  • 7225
  • 6225
  • 5225
  • 4225
The annual growth of capital of a company is 12%. At present, the capital is Rs. 35000. What will be the capital after 4 years?
  • 55500
  • 55073
  • 45500
  • 56430
The price of a new car is Rs. 2500. The price depreciates by 12% each year (p.a). Find its value at the end of 3 years.
  • 1703.68
  • 2703.68
  • 3703.68
  • 4703.68
The population of a town increases every year at rate of 10%. Find the population of the town three years hence if it is 13000 now.
  • 17303
  • 27303
  • 37303
  • 47303
Grace bought a new van for Rs. 15000. Each year, the value of her car depreciated by 10%. Calculate the value of car before 2 years.
  • 12150
  • 22150
  • 32150
  • 42150
The population of an invasive species of moth doubles every 5 years. If the initial population is 300, what will be the population after 15 years?
  • 900
  • 1200
  • 2000
  • 2400
If a 12,000carloses103$ years?
  • 8748
  • 8750
  • 8752
  • 8744
Which of the following is  true about annuity?
  • It is sequence of equal instalments.
  • It is sequence of unequal instalments.
  • It is paid at unequal interval of time.
  • None of these
The compound interest on a certain sum of money for 2 years at 10% per annum is RsFind the simple interest on the same sum at the same rate and for the same time.
  • Rs. 350
  • Rs. 375
  • Rs. 380
  • Rs. 400
Annuity where payments are made at the end of each payment period, i.e. 1st payment is made at the end of the 1st payment interval, and so on, is known as 
  • Perpetual annuity
  • Contingent annuity
  • Ordinary annuity
  • Immediate annuity
The C.I. on a certain sum for 2 years is Rs 410  and S.I. is Rs 400.  What is the rate of interest per annum?
  • 10%
  • 8%
  • 5%
  • 4%
The price of commodity X increases by 40 paise every year, while the price of commodity Y increases by 15 paise every year. If in 2001, the price of commodity X was Rs. 4.20 and that of Y was Rs. 6.30, in which year commodity X will cost 40 paise more than the commodity Y?
  • 2010
  • 2011
  • 2012
  • 2013
Three types of annuities are
  • Annuity certain
  • Annuity contingent
  • Annuity perpetual
  • All of the above
The difference between simple interest and compound on Rs.1200 for one year at 10% per annum reckoned half-yearly is:
  • Rs.2.50
  • Rs.3
  • Rs.3.75
  • Rs.4
  • None of these
0:0:2


Answered Not Answered Not Visited Correct : 0 Incorrect : 0

Practice Class 11 Commerce Applied Mathematics Quiz Questions and Answers