Test Preparation on CA/CS Foundation MCQ Question Interest
1.
The difference between the
compound interest and the
simple interest on Rs.8000 for 3
years at 5% per annum is :
2.
The difference between simple
f Interest and compound interest
on a sum of money for 2 years is
Rs.15. The simple interest on the
same sum for 4 years is Rs.l200.
the sum is :
3.
In how many year a certain sum
will treble Itself at 4% compound
Interest ?
4.
The effective rate of interest
corresponding a nominal rate of
7% p.a. convertible quarterly is :
5.
The effective rate equivalent to
nominal rate of 6% compounded
monthly is:
6.
Find the rate of interest
corresponding to the effective
rate of 6%
7.
If the population of a town
^ increases every year by 2% of
that population at the beginning
of that year in how many years
will the total increase of
population be 40% ?
8.
The population of a state
increases every year by 2.6% of
the population at the beginning
of that year. In what time will the
population double itself ?
9.
A machine is depreciated at the
rate of 10%. on reducing balance
. the original cost was Rs.10 000
and the ultimate scrap value was
Rs.3750. Find the effective life of
the machine