Question

Exercise 3.2
hoose the correct option:
Frank deposited some amount at 6.75%p.a. for 2 years and he received 45582.25 after 2 years. What is
the amount deposited by him?
(a) 38000
(b) 40000
(c) 41412
(d) *42280
Price of a LED TV is 50000.5% depreciation is expected in its value every year. Calculate its value after 2
years.
(a) 47112
(b) 46200
(c) 45125
(d) *49182
Mr. Batra invested a part of money in a scheme. He received 3%, 4% and 5% interest in 1* three years
respectively. He reinvested his return in the scheme and received 4499.04 at the end of the 30 year.
What was his initial investment?
(a) 3800
(b) 4000
(c) 4100
(d) 4200
3 Simple interest on some amount at 7% p.a. for 2 years is 400. Find the difference between compound
and simple interest in same conditions.
(a) 7%
(b) 14
(c) 16
(d) 18
Compound interest on certain sum of money for 3 and 4th year is 800 and 840 respectively. What
the rate of interest?
(a) 4% p.a.
(b) 4.5%p.a.
(c) 5% p.a.
(d) 5.5%p.a.
Find the amount and the compound interest on 8000 for 1 year at 10% per annum, compounded ha
yearly
(a) Amount = 8280, CI = 280
(b) Amount = *8802, CI =*802
(c) Amount = *8820, CI=820
(d) Amount = 4820, CI = 420
The persent worth of 169 due in 2 years at 4% per annum compound interest is
(a) 155.25
o (b) 156.25 o (c) 157.25 D (d) 158.25
Shelly deposited 20000 in a bank where the interest is credited half-yearly. If the rate of interest paid
the bank is 6% per annum, what amount will she get after 1 year?
(a) *21218
(b) 31216
(c) 91325
(d) 32624
Nik lent 65536 for 2 yr at 17110​

Answer 1

Answer:

1)3800

2)14

3)4.5

4)d

5)155.25

6)21218

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