CA Foundation Mathematics of Finance — practice questions
29 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CA Foundation Mathematics of Finance in the app →Simple interest on Rs.1000 for 2 years at 10% per annum equalsIf principal is Rs.5000 and amount after 1 year is Rs.5500, the rate of simple interest isCompound interest on Rs.1000 at 10% per annum compounded annually for 2 years isThe amount Rs.1000 grows to in 1 year at 8% compounded half-yearly isThe present value of Rs.1100 due in 1 year at 10% per annum isIn how many years will Rs.1000 amount to Rs.1331 at 10% per annum compounded annually?At what rate compounded annually will Rs.1000 grow to Rs.1210 in 2 years?The difference between CI and SI on Rs.1000 for 2 years at 10% per annum isThe effective annual rate corresponding to a nominal rate of 8% compounded quarterly is approximatelyFuture value of an annuity of Rs.100 per year for 3 years at 10% per annum isPresent value of an annuity of Rs.1000 per year for 2 years at 10% per annum isA sum amounts to Rs.1440 in 2 years at 10% compounded annually. The principal isIf Rs.500 invested today grows to Rs.605 in 2 years, the compound interest rate per annum isRs.5000 lent at 10% per annum compounded annually for 3 years gives compound interest ofIf a sum becomes 8 times itself in 9 years at compound interest, the rate per annum isSum of money doubles in 5 years at compound interest. It will become 4 times inA man invests Rs.10000 partly at 8% SI and partly at 10% SI. Total interest after 1 year is Rs.880. Amount at The CI on Rs.8000 for 1.5 years at 10% per annum compounded half-yearly isIf Rs.P amounts to Rs.4P in 12 years at compound interest, the rate per annum is approximatelyAn annuity of Rs.500 is paid for 10 years at 10% per annum. The future value is approximatelyThe present value of a perpetuity of Rs.100 per year at 5% per annum isEqual monthly instalments needed to repay Rs.10000 in 1 year at 12% per annum approximately equalRs.16000 grows at compound interest to Rs.20736 in 2 years. The rate per annum isThe amount payable after 2 years on Rs.4000 at 5% per annum compounded annually isThe interest on Rs.2500 for 5 years at simple interest is Rs.500. The rate isSinking fund deposit at end of each year to accumulate Rs.10000 in 5 years at 8% per annum equals approximatelIf a loan of Rs.50000 is to be repaid in 5 equal annual instalments at 10% per annum, each instalment equals aDoubling period under the Rule of 72 at 9% per annum approximately equalsThe interest rate per period in CI when annual rate is 12% compounded quarterly is