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Commerce Exam  >  Commerce Tests  >  Mathematics (Maths) Class 11  >  Test: Sequence and Series- Case Based Type Questions - Commerce MCQ

Test: Sequence and Series- Case Based Type Questions - Commerce MCQ


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10 Questions MCQ Test Mathematics (Maths) Class 11 - Test: Sequence and Series- Case Based Type Questions

Test: Sequence and Series- Case Based Type Questions for Commerce 2024 is part of Mathematics (Maths) Class 11 preparation. The Test: Sequence and Series- Case Based Type Questions questions and answers have been prepared according to the Commerce exam syllabus.The Test: Sequence and Series- Case Based Type Questions MCQs are made for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Sequence and Series- Case Based Type Questions below.
Solutions of Test: Sequence and Series- Case Based Type Questions questions in English are available as part of our Mathematics (Maths) Class 11 for Commerce & Test: Sequence and Series- Case Based Type Questions solutions in Hindi for Mathematics (Maths) Class 11 course. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free. Attempt Test: Sequence and Series- Case Based Type Questions | 10 questions in 20 minutes | Mock test for Commerce preparation | Free important questions MCQ to study Mathematics (Maths) Class 11 for Commerce Exam | Download free PDF with solutions
Test: Sequence and Series- Case Based Type Questions - Question 1
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Shamshad Ali buys a scooter for ₹ 22,000. He pays ₹ 4,000 cash and agrees to pay the balance in annual instalments of ₹1000 plus 10% interest on the unpaid amount.

Q. Interest paid by Ali on 1st instalment?

Detailed Solution for Test: Sequence and Series- Case Based Type Questions - Question 1
Scooter cost = ₹22,000

Down payment = ₹4000.

Balance payment = ₹18000

Now, interest on 1st instalment

Test: Sequence and Series- Case Based Type Questions - Question 2
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Shamshad Ali buys a scooter for ₹ 22,000. He pays ₹ 4,000 cash and agrees to pay the balance in annual instalments of ₹1000 plus 10% interest on the unpaid amount.

Q. Interest paid by Ali on the 3rd instalment?

Detailed Solution for Test: Sequence and Series- Case Based Type Questions - Question 2
Unpaid amount = ₹17000 – ₹1000 = 16000

Interest on 2nd instalment

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Test: Sequence and Series- Case Based Type Questions - Question 3
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Shamshad Ali buys a scooter for ₹ 22,000. He pays ₹ 4,000 cash and agrees to pay the balance in annual instalments of ₹1000 plus 10% interest on the unpaid amount.

Q. Interest paid by Ali on the 2nd instalment?

Detailed Solution for Test: Sequence and Series- Case Based Type Questions - Question 3
Unpaid amount = 18000 – 1000 = 17000

Interest on 2nd instalment

Test: Sequence and Series- Case Based Type Questions - Question 4
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Shamshad Ali buys a scooter for ₹ 22,000. He pays ₹ 4,000 cash and agrees to pay the balance in annual instalments of ₹1000 plus 10% interest on the unpaid amount.

Q. Total interest paid by Ali is:
Detailed Solution for Test: Sequence and Series- Case Based Type Questions - Question 4
Total interest paid by him

= 1800 + 1700 + 1600 + .... + 18 terms

which is an A.P. with a = 1800, d = 1700 – 1800

= – 100

Therefore, total interest

= 9(3600 – 1700) = 9 × 1900 = 17100

Test: Sequence and Series- Case Based Type Questions - Question 5
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Shamshad Ali buys a scooter for ₹ 22,000. He pays ₹ 4,000 cash and agrees to pay the balance in annual instalments of ₹1000 plus 10% interest on the unpaid amount.

Q. How much will scooter cost him?
Detailed Solution for Test: Sequence and Series- Case Based Type Questions - Question 5
Total amount or actual cost

= 22000 + 17100

= ₹39100

Test: Sequence and Series- Case Based Type Questions - Question 6
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A man deposited ₹10000 in a bank at the rate of 5% simple interest annually.

Q. What is the amount paid by him after 1st year?
Detailed Solution for Test: Sequence and Series- Case Based Type Questions - Question 6
Interest on ₹10000 after 1 yr.

Therefore, amount after 1 yr

= 10000 + 500

= 10500

Test: Sequence and Series- Case Based Type Questions - Question 7
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A man deposited ₹10000 in a bank at the rate of 5% simple interest annually.

Q. What is the amount paid by him after 3rd year?
Detailed Solution for Test: Sequence and Series- Case Based Type Questions - Question 7
Interest on ₹10000 after 3 yr

∴ Amount after 3 yr = 10000 + 1500

= ₹11500

Test: Sequence and Series- Case Based Type Questions - Question 8
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A man deposited ₹10000 in a bank at the rate of 5% simple interest annually.

Q. What is the interest paid by him after 2nd year?
Detailed Solution for Test: Sequence and Series- Case Based Type Questions - Question 8
Now, interest on ₹10000 after 2 yr

Test: Sequence and Series- Case Based Type Questions - Question 9
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A man deposited ₹10000 in a bank at the rate of 5% simple interest annually.

Q. What is the amount paid by him after 15th year?
Detailed Solution for Test: Sequence and Series- Case Based Type Questions - Question 9
The amount in the account of a man in the first, second and third year are ₹ 10000, ₹10500, ₹11000, ……

It is an A.P., where a = 10000 and d = 500

Amount in 15th yr = T15

a + 14d

= 10000 + 14 × 500

= 10000 + 7000 = ₹17000

Test: Sequence and Series- Case Based Type Questions - Question 10
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A man deposited ₹10000 in a bank at the rate of 5% simple interest annually.

Q. What is the amount paid by him after the 20th year?
Detailed Solution for Test: Sequence and Series- Case Based Type Questions - Question 10
Amount after 20 yr = 10000 +20 × 500

= 10000 + 10000 = ₹20000

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