Test: Simple And Compound Interest Including Annuity - 1


40 Questions MCQ Test Quantitative Aptitude for CA CPT | Test: Simple And Compound Interest Including Annuity - 1


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Attempt Test: Simple And Compound Interest Including Annuity - 1 | 40 questions in 40 minutes | Mock test for CA Foundation preparation | Free important questions MCQ to study Quantitative Aptitude for CA CPT for CA Foundation Exam | Download free PDF with solutions
QUESTION: 1

Choose the most appropriate option (a) (b) (c) (d)

S.I on Rs. 3500 for 3 years at 12% per annum is

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QUESTION: 2

P = 5000, R = 15, T = 4 ½ using I = PRT/100, I will be

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QUESTION: 3

If P = 5000, T = 1, I = Rs. 300, R will be

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QUESTION: 4

 Find the compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually.

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QUESTION: 5

P = Rs. 12000, A = Rs. 16500, T = 2 ½ years. Rate percent per annum simple interest will be P = Rs. 12000.

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QUESTION: 6

P = Rs. 10000, I = Rs. 2500, R = 12 ½% SI. The number of years T will be

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QUESTION: 7

P = Rs. 8500, A = Rs. 10200, R = 12 ½ % SI, t will be.

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QUESTION: 8

The sum required to earn a monthly interest of Rs 1200 at 18% per annum SI is

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QUESTION: 9

A sum of money amount to Rs. 6200 in 2 years and Rs. 7400 in 3 years. The principal and rate of interest are

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QUESTION: 10

A sum of money doubles itself in 10 years. The number of years it would triple itself is

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QUESTION: 11

If P = Rs. 1000, R = 5% p.a, n = 4; Amount and C.I. is

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QUESTION: 12

Rs. 100 will become after 20 years at 5% p.a compound interest calculated annually

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QUESTION: 13

The effective rate of interest corresponding to a nominal rate 3% p.a payable half yearly is

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QUESTION: 14

A machine is depreciated at the rate of 20% on reducing balance. The original cost of the machine was Rs. 100000 and its ultimate scrap value was Rs. 30000. The effective life of the machine is

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QUESTION: 15

If A = Rs. 1000, n = 2 years, R = 6% p.a compound interest payable half-yearly, then principal (P) is

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QUESTION: 16

The population of a town increases every year by 2% of the population at the beginning of that year. The number of years by which the total increase of population be 40% is

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QUESTION: 17

The difference between C.I and S.I on a certain sum of money invested for 3 years at 6% p.a is Rs. 110.16. the sum is

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QUESTION: 18

The useful life of a machine is estimated to be 10 years and cost Rs.10,000. Rate of depreciation is 10% p.a. The scrap value at the end of its life is

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QUESTION: 19

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is

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QUESTION: 20

The C.I on Rs. 16000 for 1 ½ years at 10% p.a payable half -yearly is

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QUESTION: 21

The C.I on Rs. 40000 at 10% p.a for 1 year when the interest is payable quarterly is

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QUESTION: 22

The difference between the S.I and the C.I on Rs. 2400 for 2 years at 5% p.a is

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QUESTION: 23

The annual birth and death rates per 1000 are 39.4 and 19.4 respectively. The number of years in which the population will be doubled assuming there is no immigration or emigration is

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QUESTION: 24

The C.I on Rs. 4000 for 6 months at 12% p.a payable quarterly is

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QUESTION: 25

The present value of an annuity of Rs. 3000 for 15 years at 4.5% p.a CI is

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QUESTION: 26

The amount of an annuity certain of Rs. 150 for 12 years at 3.5% p.a C.I is

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QUESTION: 27

A loan of Rs. 10.000 is to be paid back in 30 equal instalments. The amount of each installment to cover the principal and at 4% p.a CI is

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QUESTION: 28

A = Rs. 1200 n = 12 yrs i = 0.08 v = ?

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QUESTION: 29

a = Rs. 100 n = 10 i = 5% find the FV of annuity

Using the formula FV = a / {1 + i) n – 1}, M is equal to

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QUESTION: 30

If the amount of an annuity after 25 years at 5% p.a C.I is Rs. 50000 the annuity will be

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QUESTION: 31

Given annuity of Rs. 100 amounts to Rs. 3137.12 at 4.5% p.a C. I. The number of years will be

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QUESTION: 32

A company borrows Rs. 10000 on condition to repay it with compound interest at 5% p.a by annual installments of Rs. 1000 each. The number of years by which the debt will be clear is

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QUESTION: 33

Mr. X borrowed Rs. 5120 at 12 ½ % p.a C.I. At the end of 3 yrs, the money was repaid along with the interest accrued. The amount of interest paid by him is

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QUESTION: 34

Mr. Paul borrows Rs. 20000 on condition to repay it with C.I. at 5% p.a in annual installments of Rs. 2000 each. The number of years for the debt to be paid off is

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QUESTION: 35

A person invests Rs. 500 at the end of each year with a bank which pays interest at 10% p. a C.I. annually. The amount standing to his credit one year after he has made his yearly investment for the 12th time is.

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QUESTION: 36

The present value of annuity of Rs. 5000 per annum for 12 years at 4% p.a C.I. annually is

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QUESTION: 37

A person desires to create a fund to be invested at 10% CI per annum to provide for a prize of Rs. 300 every year. Using V = a/I find V and V will be

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QUESTION: 38

A = Rs. 5200, R = 5% p.a., T = 6 years, P will be

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QUESTION: 39

If P = 1000, n = 4 yrs., R = 5% p.a then C. I will be

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QUESTION: 40

The time in which a sum of money will be double at 5% p.a C.I is

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