CA Foundation Exam  >  CA Foundation Tests  >  Test: Simple And Compound Interest Including Annuity - 2 - CA Foundation MCQ

Test: Simple And Compound Interest Including Annuity - 2 - CA Foundation MCQ


Test Description

30 Questions MCQ Test - Test: Simple And Compound Interest Including Annuity - 2

Test: Simple And Compound Interest Including Annuity - 2 for CA Foundation 2024 is part of CA Foundation preparation. The Test: Simple And Compound Interest Including Annuity - 2 questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: Simple And Compound Interest Including Annuity - 2 MCQs are made for CA Foundation 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Simple And Compound Interest Including Annuity - 2 below.
Solutions of Test: Simple And Compound Interest Including Annuity - 2 questions in English are available as part of our course for CA Foundation & Test: Simple And Compound Interest Including Annuity - 2 solutions in Hindi for CA Foundation course. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free. Attempt Test: Simple And Compound Interest Including Annuity - 2 | 40 questions in 40 minutes | Mock test for CA Foundation preparation | Free important questions MCQ to study for CA Foundation Exam | Download free PDF with solutions
Test: Simple And Compound Interest Including Annuity - 2 - Question 1

 If a sum triples in 15 years at simple rate of interest, the rate of interest per annum will be: 

Test: Simple And Compound Interest Including Annuity - 2 - Question 2

How much amount is required to be invested every year as to accumulate Rs.6,00,000 at the end of 10 years, if interest is compounded annually at 10% rate of interest 
[Given: (1.1)10 = 2.59374.]

1 Crore+ students have signed up on EduRev. Have you? Download the App
Test: Simple And Compound Interest Including Annuity - 2 - Question 3

A sum of money compounded annually becomes Rs1,140 in two years and Rs.1,710 in three years. Find the rate of interest per annum. 

Detailed Solution for Test: Simple And Compound Interest Including Annuity - 2 - Question 3



Test: Simple And Compound Interest Including Annuity - 2 - Question 4

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:

Detailed Solution for Test: Simple And Compound Interest Including Annuity - 2 - Question 4

Test: Simple And Compound Interest Including Annuity - 2 - Question 5

The S.I. on a sum of money is 4/9 of the principle and the no. of year is equal to the rate of interest per annum. Find the rate of interest per annum?

Detailed Solution for Test: Simple And Compound Interest Including Annuity - 2 - Question 5

Test: Simple And Compound Interest Including Annuity - 2 - Question 6

How much investment is required to yield an Annual income of Rs.420 at 7% p.a. Simple interest.

Detailed Solution for Test: Simple And Compound Interest Including Annuity - 2 - Question 6

Test: Simple And Compound Interest Including Annuity - 2 - Question 7

The difference between compound and simple interest on a certain sum of money for 2 years at 4% is Rs.1. The sum (in Rs) is: 

Test: Simple And Compound Interest Including Annuity - 2 - Question 8

The partners A and B together lent Rs.3,903 at 4% per annum interest compound annually. After a span of 3 years, A gets the same amount as B gets after 9 years. The share of A in the sum of Rs.3,903 would have been: 

Test: Simple And Compound Interest Including Annuity - 2 - Question 9

If the Simple Interest on Rs.1,400 for 3 years is less than the simple interest on Rs.1,800 for the same period by Rs.80, then the rate of interest is 

Test: Simple And Compound Interest Including Annuity - 2 - Question 10

 In what time will a sum of money double its y at 6.25% p.a. simple interest?

Test: Simple And Compound Interest Including Annuity - 2 - Question 11

 Simple interest on Rs.2,000 for 5 months at 16% p.a. is__________.

Detailed Solution for Test: Simple And Compound Interest Including Annuity - 2 - Question 11

Here's the calculation:

  • Principal (P) = Rs. 2000
  • Rate of interest (R) = 16% per annum
  • Time (T) = 5 months = 5/12 years

Simple Interest (SI) = (P * R * T) / 100 = (2000 * 16 * 5) / (100 * 12) = Rs. 133.33

Test: Simple And Compound Interest Including Annuity - 2 - Question 12

What principle will amount to Rs.370 in 6 years at 8% p.a. at simple interest?

Test: Simple And Compound Interest Including Annuity - 2 - Question 13

On what sum difference between compound interest and simple interest for two years at 7% p.a. interest is Rs.29.4

Test: Simple And Compound Interest Including Annuity - 2 - Question 14

 Mr. X invests Rs.90,500 in post office at 7.5% p.a. simple interest. While calculating the rate was wrongly taken as 5.7% p.a.The difference in amounts at maturity is Rs.9,774. Find the period for which the sum was invested

Test: Simple And Compound Interest Including Annuity - 2 - Question 15

A sinking fund is created for redeming debentures worth Rs. 5 lakhs at the end of 25 years. How much provision needs to be made out of profits each year provided sinking fund investments can earn interest at 4% p.a.?

Test: Simple And Compound Interest Including Annuity - 2 - Question 16

 A machine costs Rs. 520000 with an estimated life of 25 years. A sinking fund is created to replace it by a new model at 25% higher cost after 25 years with a scrap value realization of Rs. 25000. What amount should be set aside every year if the sinking fund investments accumulate at 3.5% compound interest p.a.?

Test: Simple And Compound Interest Including Annuity - 2 - Question 17

Johnson left Rs. 100000 with the direction that it should be divided in such a way that his minor sons Tom, Dick and Harry aged 9, 12 and 15 years should each receive equally after attaining the age 25 years. The rate of interest being 3.5%, how much each son receive after getting 25 yeas old?

Test: Simple And Compound Interest Including Annuity - 2 - Question 18

A machine worth Rs. 490740 is depreciated at 15% on its opening value each year. When its value would reduce to Rs. 200000?

Test: Simple And Compound Interest Including Annuity - 2 - Question 19

A machine depreciates at 10% of its value at the beginning of a year. The cost and scrap value realized at the time of sale being Rs. 23240 and Rs. 9000 respectively. For how many years the machine was put to use?

Test: Simple And Compound Interest Including Annuity - 2 - Question 20

In how many years will a sum of money double at 5% p.a. compound interest?

Test: Simple And Compound Interest Including Annuity - 2 - Question 21

 In how many years a sum of money trebles at 5% p.a. compound interest payable on half yearly basis?

Test: Simple And Compound Interest Including Annuity - 2 - Question 22

A machine worth Rs. 490740 is depreciated at 15% of its opening value each year. When its value would reduce by 90?

Test: Simple And Compound Interest Including Annuity - 2 - Question 23

 If the difference of S.I. and C.I. is Rs. 72 at 12% for 2 years. Calculate the amount.

Test: Simple And Compound Interest Including Annuity - 2 - Question 24

 If a simple interest on a sum of money at 6% p.a.for 7 years is equal to twice of simple interest on another sum for 9 years at 5% p.a.. The ratio will be:

Test: Simple And Compound Interest Including Annuity - 2 - Question 25

Appu retires at 60 years receiving a pension of 14400 a year paid in half-yearly installments for rest of his life after reckoning his life expectation to be 13 years and that interest at 4% p.a. is payable half-yearly. What single sum is equivalent to his pension?

Test: Simple And Compound Interest Including Annuity - 2 - Question 26

Raja aged 40 wishes his wife Rani to have Rs. 40 lakhs at his death. If his expectation of life is another 30 years and he starts making equal annual investments commencing now at 3% compound interest p.a. how much should he invest annually?

Test: Simple And Compound Interest Including Annuity - 2 - Question 27

The present value of Rs. 10000 due in 2 years at 5% p.a. compound interest when the interest is paid on yearly basis is Rs. ________.

Test: Simple And Compound Interest Including Annuity - 2 - Question 28

 Alibaba borrows R.s 6 lakhs Housing Loan at 6% repayable in 20 annual installments commencing at the end of the first year. How much annual payment is necessary. 

Test: Simple And Compound Interest Including Annuity - 2 - Question 29

The present value of Rs. 10000 due in 2 years at 5% p.a. compound interest when the interest is paid on half-yearly basis is Rs. __________.

Test: Simple And Compound Interest Including Annuity - 2 - Question 30

If A=Rs. 10000, n=18 yrs., R=4% p.a. C.I, P will be

View more questions
Information about Test: Simple And Compound Interest Including Annuity - 2 Page
In this test you can find the Exam questions for Test: Simple And Compound Interest Including Annuity - 2 solved & explained in the simplest way possible. Besides giving Questions and answers for Test: Simple And Compound Interest Including Annuity - 2, EduRev gives you an ample number of Online tests for practice

Top Courses for CA Foundation

Download as PDF

Top Courses for CA Foundation