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MULTIPLE CHOICE QUESTIONS, , Choose the correct alternative from the following :, , If simple _ eral t Interests are caiculated for a sum of 21,50, an @, 10.5% p.a. for 7 years, then the following is true. !, , (a) Simple interest is greater than compound interest, , (b) Simple interest is less than com, pound interest, —, , (c) Simple interest is equal to compound interest, (d)_ The data is insufficient - :, , If simple interest for an amount f, Or one year at a certain rate of int, erest is, 750, then simple interest for the same amount at the same rate for 4 years is, , (a) %3,000 (b) % 3,050, , (c) *2,900 (d) None of these, , If simple interest for F 10,000 at r % p.a. for a certain, simple interest @ 2r % p.a. for the same period is, , period is % 560, then, , (a) 560+-200r. é - (b) 1120, (c) 1120+ 20r (d) . None of these $, , The simple interest on & 15, 000 for 8 months at 10% p.a-is . T2 eer, G@y T1000) “eisoe ., , (c). € 1,050 _ (d) None of these, , A sum of money amounts to = 7,200 in 4 years and z 7,800 in 6 years. Find, simple interest on it for 1 year. —, , (a 600 (b) %200, , (c) %800 (d) None of these, , A sum of money amounts to = 11,70, Hence, simple interest on it for 1 year is, , 0 in 3 years and & 13,500 in 5 years., , (a) 1,800 (b) € 1,500, (c) %900 (d) None of these, , If the simple interest on z 30; 000 for 4 years is? % 600, the rate of interest, p.a. is ,, , (a) 6% (b) 10%, , (c) 8% (d) . None of these, , If amount oft 50,000 becomes % 65,000 in 3 years, the rate of simple interest, must be . ; " 7, , (a) 8%. (by 10%, , (c) 12% ST (d) None of these, , OLAIIICU VVILIT, , , , , , vamS

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Statistical Techniques-II (F-Y.B.Com.: SEY - 1, , 84 Mathematical &, , , , 9. If asum of < 25,000, becomes 31,000 at 8% simple interest p.a., the number, of years is :, (a) 3 years (b) 4 years, (c) Syears (d) None of these, 10. If€70,000 become 277,000 at 5% simple interest p.2., the number of years, is j, (a) 4 years i (b) 5 years, (c) 2 years (d) None of these, d compound interest on an amount at r %, , 11... The difference between simple an, p.a. after one year is, (b) One, , (a) Zero, (d) None of these, , (c) 100, 12. The difference between simple and compound interests for 2 years at 10%, , p.a. on © 5,000 is, , , , , i: (a) =100 (b) - ¥50, f (©) 1,000 (a) None of these, 13. The compound interest for 2 years on a certain amount P at r % rate p.a.is, fee greater than simple interest for 2 years on same amount P at same rate by, a. (a) Pr/100 (b) 2Pr/100, i i j (c) “Pr (d) None of these, | 14. The compound interest on € 10,000 at 5% p.a. for 3 years is, fi (a) 1,500 (b) = 1,600, , (c) %1,400 (d) None of these, , 15. Anamountafter 3 years with 7% compound interest p.a. becomes € 73,502.58,, ' then the principal amount is, (a) %50,000, , (c) %70,000, 16. The compound interest for an'amount of & P at r % p.a. after 4 years is, , calculated by the formula, , . . 4, (a) Pxnx Pli+-—, Be att @ ( . ia, , .(b) 60,000, (d), None of these, , 4, r a be, .© lt + 5] —P (d) None of these, , 17. The compound interest of € 16,000 for 4 years @ 8% p.a. is more than the, simple interest on same amount for 4 years @ 8% p.a. by = a, , ovuamicu wiut GaliS

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jaterest and Annuity : 85 yy, (a) 674.8 (b) 768.4 ", (c) 647.822 (d) None of these, 1g. The simple interest on & 6,000 for 4 years @ 5% p.a. is ——— compound, interest on € 6,000 for 3 years,, (a) . more than (b) Jess than, (c) equal to (d) . none of these, 19. Approximately at what rate of compound interest would an amount double, itself in 4 years ?, a (b) 19%, (©) 25% - (d) None of these, 30. The compound interest in the 4th year @ 8% p.a. on & 30,000 is, (a) 3,023.3 (b) 3,000, (c) 3,030 (d) None of these, 21. The maturity amount of a 2 years fixed deposit of a certain amount @ 12%, p.a., compounded annually will be the maturity amount of a 2 years, deposit of same amount @ 12% p.a., compounded quarterly., (a) _ less than : (b) more than, (c) equal to : (d) none of these :, 22. The compound interest of an amount for one year @ 12% p.a. will be’, maximum if the compound interest is calculated - ~~ is, (a) yearly | -. (b) . half yearly, (c) quarterly : (d) - monthly —”, 23. The future value of an amount is always its present value, (a) greaterthan — (b) less than, (c) equal to (d) none of these, 24. If the payments of an annuity are all equal and are made over successive, periods of time, then it is, (a) Uniform annuity (b) Immediate annuity, (c) Dueannuity (d) None of these, 25. If the payments of an annuity are made at the end of periods, the annuity is, called, (a) Annuity date (b) Immediate annuity, (c) Uniform annuity (d) None of these, 26. If the payments of annuity are made at the beginning of each period, the, , , , , , annuity is called, (a) Annuity due, (c) Uniform annuity (d), , (b) Immediate annuity, None of these, , é, , ovamicu wiur vamS

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ye s Mathematical & Statistical-Techniques-II (F.Y.B, Com,: : Sky. =, ‘ Ut) \, , , - 27. . EMI stands for, , i (a) Equal Monthly Interest, , i (c) Equal Monetary Investment (d) ;, , 28 When the EMI are calculated using present value of the annuity a |, compound interest, the method is called Sing |, , (b) Flat rate method ;, , ‘(d) None ofthese —, , , , , , , , , (b) Equated Monthly Instn, , e, None of these . ae, , (a) Reducing balance method, (c) Repayment method, |. Ams. (1) - (0), (2) - (a) (3) - (b), (4) - (a), (5) - ), © - ©), (7).- ©,, fins (8) - (b), (9) - (a), (10) - (©), (11) - (a), (12) - (b), (13) - (@), (14) - @),, (15) - (b), (16) - (©), (17) - (©), (18) - (a), (19) - (b), (20) - (a), (21) - @;- ig, (22) - (d), (23) - (a), (24) - (a) or (d),,(25) - (b), (26) - (a), (27) - (b), (28) -@, , , , OULAINICU WILIT Udl