LILHA EDUCATION CENTRE - TIME VALUE OF MONEY- TEST-2

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15. By mistake a clerk, calculated the simple interest on principal for 5 months at 6.5% p.a. instead of 6 months at 5.5% p.a. If the error in calculation was Rs.25.40. The original sum of principal was_________________

1 point

a. Rs.60,690

b. Rs.60,960

c. Rs.90,660

d. Rs.90,690

Clear selection

2. A sum amount to Rs.1,331 at a principle of Rs.1,000 at 10% compounded annually. Find the time.

1 point

a. 3.31 years

b. 4 years

c. 3 years

d. 2 years

Clear selection

9. The future value of an annuity of Rs.5,000 is made annually for 8 years at interest rate of 9% compounded annually [Given that (1.09)8 =1.99256] is_________

1 point

a. Rs.55,142.22

b. Rs.65,142.22

c. Rs.65,532.22

d. Rs.57,425.22

Clear selection

5. The compounded interest for certain sum @ 5% p.a. for first Years is Rs.25. The S-I for the same money @5% p.a. for 2 years will be.

1 point

a. Rs.40

b. Rs.50

c. Rs.60

d. Rs.70

Clear selection

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

1 point

a. 5%

b. 20/3%

c. 22/7%

d. 6%

Clear selection

10. The effective annual rate of interest corresponding to nominal rate 6% p.a. payable half yearly is

1 point

a. 6.06%

b. 6.07%

c. 6.08%

d. 6.09%

Clear selection

4. In how many years, a sum of Rs.1,000 compounded annually @ 10% will amount to Rs.1,331?

1 point

a. 6 Years

b. 5 Years

c. 4 Years

d. 3 Years

Clear selection

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

1 point

a. Rs.8,000

b. Rs.6,000

c. Rs.5,000

d. Rs.7,750

Clear selection

14. 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:

1 point

a. 2 : 15

b. 7 : 15

c. 15 : 7

d. 1 : 7

Clear selection

17.

1 point

a. 10.36%

b. 9.36%

c. 11.36%

d. 9.9%

Clear selection

CONTACT - *

1 point

a. Rs.7,360

b. Rs.8,360

c. Rs.12,000

d. None of these

Clear selection

NAME - *

6. At what % rate of compound interest (C.I) will a sum of money become 16 times in four years, if interest is being calculated compounding annually:

1 point

a. r = 100%

b. r = 10%

c. r = 200%

d. r = 20%

Clear selection

12. Mr. X invests 'P' amount at Simple Interest rate 10% and Mr. Y invests Q amount at Compound Interest rate 5% compounded annually. At the end of two years both get the same amount of interest, then the relation between two amounts P and Q is given by:

1 point

a. P = 41Q / 80

b. P = 41Q / 40

c. P = 41Q /100

d. P = 41Q / 200

Clear selection

8. If the simple interest on a sum of money at 12% p.a. for two years is 3,600. The compound interest on the same sum for two years at the same rate is :

1 point

a. Rs.3,816

b. Rs.3,806

c. Rs.3,861

d. Rs.3,860

Clear selection

3. Pal borrows Rs.20,000 on condition to repay it with compound interest at 5% p.a. in annual instalment of Rs.2,000 each. Find the number of years in which the debt would be paid off.

1 point

a. 10 Years

b. 12 Years

c. 14 Years

d. 15 Years

Clear selection

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

1 point

a. Rs.6,000

b. Rs.6,420

c. Rs.5,580

d. Rs.5,000

Clear selection

11.

1 point

a. Rs.15,187

b. Rs.15,400

c. Rs.15,300

d. Rs.15,250

Clear selection

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

1 point

a. 5.67%

b. 6.67%

c. 7.20%

d. 5.00%

Clear selection

1. What is the rate of simple interest if a sum of money amounts to Rs.2,784 in 4 years and Rs.2,688 in 3 years?

1 point

a. 1% p.a.

b. 4% p.a.

c. 5% p.a.

d. 8% p.a

Clear selection

19. Simple interest on Rs.2,000 for 5 months at 16% p.a___________________

1 point

a. Rs.133.33

b. Rs.133.26

c. Rs.134.00

d. Rs.132.09

Clear selection

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