Question

EXERCISE 4 (B)
Choose the most appropriate option (a) (b) (c) or (d).
1.
If P = * 1,000, R = 5% p.a, n = 4; What is Amount and C.I. is
(a) * 1,215.50, 215.50
(b) 1,125, 125
(c) 2,115, 115
(d) none of these
* 100 will become after 20 years at 5% p.a compound interest amount of
(a) * 250
(b) * 205
(e) 265.50
(d) none of these
The effective rate of interest corresponding to a nominal rate 3% p.a payable half yearly is
(a) 3.2% p.a
(b) 3.25% p.a
(e) 3.0225% p.a
(d) none of these
A machine is depreciated at the rate of 20% on reducing balance. The original cost of the
machine was 1,00,000 and its ultimate scrap value was * 30,000. The effective life of the
machine is
(a) 4.5 years (appx.)
(c) 5 years (appx.)
(d) none of these
If A = * 1,000, n = 2 years, R = 6% p.a compound interest payable half-yearly, then
principal (P) is
888.80 (b) 885
(c) 800
(d) none of these
The population of a town increases every year by 2% of the population at the beginning
her of years by which the total increase of population be 40% is
(b) 5.4
years (appx.)​

Answer 1

Answer:

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