Nov 2006 Q11. How long will Rs. 12,000 take to amount to Rs.

14,000
Q1. Rs. 8,000 becomes Rs. 10,000 in 2 years at SI. Amount at 5% p.a. converted quarterly? [Given: (1.0125)12.4 = 1.1666]
that will become Rs. 6,875 in 3 years at same rate of interest (a) 3 years (b) 3.1 years (c) 13.5 years (d) None
(a) 4,850 (b) 5,000 (c) 5,500 (d) 5,275
Q12. A company is considering proposal of purchasing a
machine either by making full payment of Rs. 4,000 or by
Q2. The difference between the simple and compound
leasing it for 4 years at an annual rate of Rs. 1,250. Which
interest on a certain sum for 3 years at 5% p.a. is Rs. 228.75.
course of action is preferable, if company can borrow money
The compound interest on the sum for 2 years at 5% p.a. is:
at 14% compounded annually? [Given: (1.14)4 = 1.68896]
(a) 3,175 (b) 3,075 (c) 3,275 (d) 2,975.
(a) Leasing is preferable (b) Should be purchased
Q3. Mr. X Invests Rs. 10,000 every year starting from today (c) No difference (d) None of these
for next 10 years suppose interest rate is 8% per annum
compounded annually. Calculate future value of annuity: Q13. Vipul purchases a car for Rs. 5,50,000. He gets a loan
(Given that (1 + 0.08)10 = 2.15892500] of Rs. 5,00,000 at 15% p.a. from a Bank & balance Rs. 50,000
he pays at time of purchase. He has to pay whole amount of
(a) 156454.88 (b) 144865.625 (c) 156554.88 (d) None
loan in 12 equal monthly instalments with interest starting
from the end of the first month. The money he has to pay at
Q4. The present value of an annuity of Rs. 3,000 for 15 years
the end of every month is: [Given (1.0125)12 = 1.16075452]
at 4.5% p.a. C.I. is: [Given that (1.045)15 = 1.935282]
(a) 45,130.43 (b) 45,230.43 (c) 45,330.43 (d) None
(a) 23,809.67 (b) 32,218.67 (c) 32,908.67 (d) None
Aug 2007
Feb 2007
Q14. If Rs. 1,000 be invested at interest rate of 5% & interest
Q5. The rate of simple interest on a sum of money is 6% p.a.
be added to the principal every 10 years, then number of
for first 3 years, 8% p.a. for the next five years and 10% p.a.
years in which it will amount to Rs. 2,000 is:
for the period beyond 8 years. If the simple interest accrued 𝟐 1
by the sum for a period for 10 years is Rs. 1,560. The sum is (a) 16 years (b) 6 years (c) 16 years (d) None
𝟑 4
(a) 1,500 (b) 2,000 (c) 3,000 (d) 5,000
Q15. Annual birth & death rates per 1000 are 39.4 & 19.4
Q6. A sum of money doubles itself in 10 years. Number of respectively. Number of years in which population will be
years it would triple itself is: doubled assuming there is no immigration or emigration is:
(a) 25 years (b) 15 years (c) 20 years (d) None. (a) 35 years (b) 30 years (c) 25 years (d) None

Q16. Effective rate equivalent to nominal rate of 6%

Q7. In what time will 3,90,625 amounts to 4,56,976 at 8%
compounded monthly is:
p.a., interest compounded semi-annually? [(1.04)4 = 1.16986]
(a) 6.05 (b) 6.16 (c) 6.26 (d) 6.07
(a) 2 years (b) 4 years (c) 5 years (d) 7 years

Q17. A co. establishes a sinking fund to provide for payment

Q8. A machine can be purchased for Rs. 50,000. Machine will
of Rs. 2,00,000 debts maturing in 20 years. Contributions to
contribute Rs. 12,000 p.a. for the next 5 years. Assume
the fund are to be made at the end of every year. Find
borrowing cost is 10% p.a. Determine whether machine
amount of each annual deposit if interest is 5% p.a.:
should be purchased or not:
(a) 6,142 (b) 6,049 (c) 6,052 (d) 6,159
(a) Should be purchased (b) Should not be purchased
(c) Can’t say about purchase (d) None of the above Nov 2007
Q18. A person borrows Rs. 5,000 for 2 years at 4% p.a. simple
Q9. How much amount is required to be invested every year 1
interest. He immediately lends to another person at 6 %
so as to accumulate Rs. 3,00,000 at end of 10 years, if interest 4
is compounded annually at 10%? [Give (1.1)10 = 2.5937] p.a. for 2 years. Find his gain in transaction per year:
(a) Rs. 18,823.65 (b) Rs. 18,828.65 (a) 112.50 (b) 125 (c) 225 (d) 167.50
(c) Rs. 18,832.65 (d) Rs. 18,882.65
Q19. A person deposited Rs. 5,000 in a bank. Deposit was
May 2007 left to accumulate at 6% compounded quarterly for first five
years & at 8% compounded semi-annually for the next eight
Q10. A certain sum of money amounts to Rs. 6,300 in two
years. The compound amount at the end of 13 years is:
years and Rs. 7,875 in three years nine months at simple
interest. Find the rate of interest per annum: (a) Rs. 12621.50 (b) Rs. 12613.10
(a) 20% (b) 18% (c) 15% (d) 10% (c) Rs. 13613.10 (d) None
Q20. Raja aged 40 wishes his wife Rani to have Rs. 40 lakhs Q29. Future value of an ordinary annuity:
at his death. If his expectation of life is another 30 yrs & he (𝟏 + 𝐢)𝐧 −𝟏 (1 + i)n +1
(a) 𝐀 (𝐧, 𝐢) = 𝐀 [ ] (b) A (n, i) = A [ ]
starts making equal annual investments commencing now 𝐢 i
1−(1 + i)n (1 + i)n −1
at 3% CI p.a. How much should he invest annually? (c) A (n, i) = A [ ] (d) A (n, i) = A [ ]
i i(1 + i)n
(a) 84,077 (b) 81,628 (c) 84,449 (d) 84,247
Q30. Find the numbers of years in which a sum doubles itself
Feb 2008 at the rate of 8% per annum.
Q21. 2 equal sums of money were lent at SI at 11 % p.a. for 1 𝟏 1 1
1 1
(a) 11 (b) 12 (c) 9 (d) 13
2 𝟐 2 2
3 years & 4 years respectively. If the difference in interests
2 2
for two periods was Rs. 412.50, then each sum is: June 2009
(a) 3,250 (b) 3,500 (c) 3,750 (d) 4,350 Q31. In how many years, a sum will become double at 5%
p.a. compound interest.
Q22. Anshul's father wishes to have Rs. 75,000 in bank
(a) 14.0 years (b) 14.3 years (c) 14.2 years (d) None
account when his first college expenses begin. How much
amount his father should deposit now at 6.5% compounded
Q32. The time by which a sum of money is 8 times of itself
annually if Anshul is to start college in 8 years from now.
if it doubles itself in 15 years.
(a) 45,360 (b) 46,360 (c) 55,360 (d) 48,360.
(a) 42 years (b) 43 years (c) 45 years (d) None

Q23. A company may obtain a machine either by leasing it

Q33. What is rate of simple interest if a sum of money
for 5 years (useful life) at an annual rent of Rs. 2,000 or by
amounts to Rs. 2,784 in 4 years & Rs. 2,688 in 3 years?
purchasing machine for Rs. 8,100. If company can borrow
(a) 1%p.a. (b) 4%p.a. (c) 5% p.a. (d) 8% p.a.
money at 18% p.a., which alternative is preferable?
(a) Leasing (b) Purchasing (c) Can't say (d) None
Q34. A sum amount to Rs. 1,331 at a principal of Rs. 1,000 at
10% compounded annually. Find the time.
June 2008
(a) 3.31 years (b) 4 years (c) 3 years (d) 2 years
Q24. In how much time would the simple interest on a
certain sum be 0.125 times the principal at 10% p.a.?
Q35. Paul borrows Rs. 20,000 on condition to repay it with
𝟏 3 1
(a) 1 years (b) 1 years (c) 2 years (d) None CI at 5% p.a. in annual instalment of Rs. 2,000 each. Find the
𝟒 4 4
number of years in which the debt would be paid off.
Q25. Difference between CI & SI on a certain sum for 2 years (a) 10 years (b) 12 years (c) 14 years (d) 15 years
@ 10% p.a. is Rs. 10. Find the sum:
(a) 1,010 (b) 1,095 (c) 1,000 (d) 990 Dec 2009
Q36. In how many years, a sum of Rs. 1,000 compounded
Q26. A machine worth Rs. 4,90,740 is depreciated at 15% on annually @ 10%, will amount to Rs. 1,331?
its opening value each year. When its value would reduce to (a) 6 years (b) 5 years (c) 4 years (d) 3 years
Rs. 2,00,000:
(a) 5 years 6 months (b) 5 years 7 months Q37. The CI for a certain sum @ 5% p.a. for 1st year is Rs. 25.
(c) 5 years 5 months (d) None. Sl for the same money @ 5% p.a. for 2 years will be.
(a) Rs. 40 (b) Rs. 50 (c) Rs. 60 (d) Rs. 70
Q27. A sinking fund is created for redeeming debentures
worth Rs. 5 lacs at the end of 25 years. How much provision June 2010
needs to be made out of profits each year provided sinking Q38. At what % rate of CI will a sum of money become 16
fund investments can earn interest at 4% p.a.? times in 4 years, if interest compounded annually:
(a) Rs. 12,006 (b) Rs. 12,040 (c) Rs. 12,039 (d) None (a) r = 100% (b) r=10% (c) r = 200% (d) None

Dec 2008 Q39. Find present value of an annuity of Rs. 1,000 payables
Q28. Difference between SI & CI is Rs. 11 @10% for 2 years, at end of each year for 10 years. If rate of interest is 6%
then find the sum. compounding p.a (given (1.06)-10 = 0.5584):
(a) Rs. 1,200 (b) Rs. 1,100 (c) Rs. 1,000 (d) None (a) Rs. 7,360 (b) Rs. 8,360 (c) Rs. 12,000 (d) None
Q40. If the simple interest on a sum of money at 12% p.a. June 2012
for two years is Rs. 3,600. The compound interest on the 4
Q50. The S.I. on a sum of money is of the principal and the
same sum for two years at the-same rate is: 9
no. of years is equal to the rate of interest per annum. Find
(a) 3,816 (b) 3,806 (c) 3,861 (d) 3,860 the rate of interest per annum?
(a) 5% (b) 20/3% (c) 22/7% (d) 6%
Dec 2010
Q41. The future value of an annuity of Rs. 5,000 is made Q51. SI on Rs. 2,000 for 5 months at 16% p.a. is ___.
annually for 8 years at interest rate of 9% compounded
(a) 133.33 (b) 133.26 (c) 134.00 (d) 132.09
annually [Given that (1.09)8 =1.99256] is:
(a) 55,142.22 (b) 65,142.22
Dec 2012
(c) 65,532.22 (d) 57,425.22
Q52. How much investment is required to yield an Annual
income of Rs. 420 at 7% p.a. Simple interest.
Q42. The effective annual rate of interest corresponding to
(a) 6,000 (b) 6,420 (c) 5,580 (d) 5,000
nominal rate 6% p.a. payable half yearly is.
(a) 6.06% (b) 6.07% (c) 6.08% (d) 6.09%
Q53. X invests Rs. 90,500 in post office at 7.5% p.a. SI. While
calculating the rate was wrongly taken as 5.7% p.a. The
Q43. Cost of Machinery is Rs. 1,25,000/- If its useful life is difference in amounts at maturity is Rs. 9,774. Find the
estimated to be 20 years & rate of depreciation of is 10% period for which the sum was invested:
p.a., then scrap value of the Machinery is [(0.9)20 = 0.1215]
(a) 7 years (b) 5.8 years (c) 6 years (d) 8 years
(a) 15,187 (b) 15,400 (c) 15,300 (d) 15,250
June 2013
Q44. Mr. X invests ‘P’ amount at SI rate 10% & Mr. Y invests
‘Q’ amount at CI rate 5% compounded annually. At the end Q54. The difference between CI & SI on a certain sum of
of two years both get the same amount of interest, then the money for 2 years at 4% p.a. is Rs. 1. The sum (in Rs.) is:
relation between two amounts P & Q is given by: (a) 625 (b) 630 (c) 640 (d) 635
𝟒𝟏𝐐 41Q 41Q 41Q
(a) P = (b) P = (c) P = (d) P =
𝟖𝟎 40 100 200
Q55. Sum of money compounded annually becomes Rs.
June 2011 1,140 in 2 years & Rs. 1,710 in 3 years. Find interest p.a.

Q45. If the difference of S.I & C.I is Rs. 72 at 12% for 2 years. (a) 30% (b) 40% (c) 50% (d) 60%
Calculate the amount.
Dec 2013
(a) 8,000 (b) 6,000 (c) 5,000 (d) 7,750.
Q56. On what sum difference between CI & SI for two years
Q46. If a SI on a sum of money at 6% p.a. for 7 years is equal at 7% p.a. interest is Rs. 29.4
to twice of SI on another sum for 9 years at 5% p.a. Ratio is: (a) 5,000 (b) 5,500 (c) 6,000 (d) 6,500
(a) 2:15 (b) 7:15 (c) 15:7 (d) 1:7
Q57. In what time will a sum of money double itself at 6.25%
Q46. By mistake a clerk, calculated SI on principal for 5 p.a. simple interest?
months at 6.5% p.a. instead of 6 months at 5.5% p.a. If error (a) 5 years (b) 8 years (c) 12 years (d) 16 years
in calculation was Rs. 25.40. Original sum of principal = _____.
(a) 60,690 (b) 60,960 (c) 90,660 (d) 90,690 Q58. What principal will amount to Rs. 370 in 6 years at 8%
p.a. at simple interest?
Dec 2011 (a) Rs. 210 (b) Rs. 250 (c) Rs.310 (d) Rs. 350
Q48. If the Simple Interest on Rs. 1,400 for 3 years is less
than the simple interest on Rs.1,800 for the same period by June 2014
Rs. 80, then the rate of interest is Q59. Partners A & B together lent Rs. 3,903 at 4% p.a.
(a) 5.67% (b) 6.67% (c) 7.20% (d) 5.00% interest compounded annually. After a span of 7 years, A
gets the same amount as B gets after 9 years. Share of A in
Q49. Nominal rate of interest is 9.9% p.a. If interest is sum of Rs. 3,903 would have been:
Compounded monthly, what will be the effective rate of (a) 1,875 (b) 2,280 (c) 2,028 (d) 2,820
4033 12
interest (given ( ) = 1.1036 (approx))?
4000 Q60. If a sum triples in 15 years at simple rate of interest, the
(a) 10.36% (b) 9.36% (c) 11.36% (d) 9.9% rate of interest per annum will be:
(a) 13.0% (b) 13.3% (c) 13.5% (d) 18.0%
Q61. How much amount is required to be invested every June 2016
year as to accumulate Rs. 6,00,000 at the end of 10 years, if Q70. Mr. X bought an electronic item for Rs. 1,000. What
interest is compounded annually @10% [(1.1)10= 2.59374]. would be future value of same item after 2 years, if value is
(a) 37,467 (b) 37,476 (c) 37,647 (d) 37,674 compounded semi-annually at 22% p.a?
(a) 1488.40 (b) 1518.07 (c) 2008.07 (d) 2200.00
Dec 2014
Q62. The future value of an annuity of Rs. 1,000 made Q71. If an amount is kept at SI, it earns an interest of Rs. 600
annually for 5 years at the interest of 14% compounded in first 2 years but when kept at CI it earns an interest of Rs.
annually is: (Given (1.14)5 = 1.92541) 660 for same period, then rate of interest & principal
(a) 5,610 (b) 6,610 (c) 6,160 (d) 5,160 amount respectively is:
(a) 20%, Rs. 1,200 (b) 10%, Rs. 1,200
Q63. A sum of money invested of compound interest (c) 20%, Rs. 1,500 (d) 10%, Rs. 1,500
doubles itself in four years. It becomes 32 times of itself at
the same rate of compound interest in: Dec 2016
(a) 12 years (b) 16 years (c) 20 years (d) 24 years Q72. The sum invested at 4% p.a. compounded Semi-
annually amounts to Rs. 7,803 at the end of one year, is:
Q64. A certain sum of money was invested at SI for 3 years. (a) Rs. 7,000 (b) Rs. 7,500
If the same has been invested at a rate that was 7% higher,
(c) Rs. 7,225 (d) Rs. 8,000
the interest amount would have been Rs. 882 more. The
amount of sum invested is:
Q73. A CI on a sum for 2 years is Rs. 30 more than the SI at
(a) 12,600 (b) 6,800 (c) 4,200 (d) 2,800 the rate of 5% p.a. then the sum is:
(a) 11,000 (b) 13,000 (c) 12,000 (d) 15,000
June 2015
Q65. A sum of money doubles itself in 8 years at SI. The Q74. A person lends Rs. 6,000 for 4 years & Rs. 8,000 for 3
number of years it would triple itself is __. years at SI. If he gets Rs. 2,400 as total interest, r =____
(a) 20 years (b) 12 years (c) 16 years (d) None (a) 5% (b) 4% (c) 6% (d) 7%

Q66. A sum of Rs. 44,000 is divided into 3 parts such that the June 2017
corresponding interest earned after 2 years, 3 years & 6
Q75. Future value of an annuity of Rs. 1,500 made annually
years may be equal. If rates of SI are 6% p.a., 8% p.a. & 6%
for 5 yrs @10% compounded annually is ((1.1)5 = 1.61051):
p.a. respectively, then the smallest part of the sum will be:
(a) Rs. 9517.56 (b) Rs. 9157.65
(a) Rs. 4,000 (b) Rs. 8,000 (c) Rs. 10,000 (d) 12,000
(c) Rs. 9715.56 (d) Rs. 9175.65
Dec 2015
Q76. The difference between the CI & SI at 10% p.a. for 4
Q67. Suppose your parent decides to open a PPF account in
years on Rs. 10,000 is Rs. ______.
a bank towards your name with Rs. 10,000 every year
(a) 650 (b) 640 (c) 641 (d) 600
starting from today for next 15 years. When you receive &
get 8.5% p.a. interest rate compounded annually. What is
the present value of this annuity? (Give answer in Rs. without Q77. How much amount is required to be invested every
any fraction.) (Given P (15,0.085) = 8.304236576) year as to accumulate Rs. 7,96,870 at end of 10 years, if
interest compounded annually @10%, A (10, 0.1) = 15.9374?
(a) 83,042 (b) 90,100 (c) 93,042 (d) 73,042
(a) 40,000 (b) 4,50,000 (c) 48,000 (d) 50,000
Q68. In how many years will a sum of money become four
times at 12% p.a. simple interest? Dec 2017
Q78. If CI on any sum at the rate of 5% for two years is
(a) 18 years (b) 21 years (c) 25 years (d) 28 years
₹ 512.50 then the sum would be:
(a) 3,000 (b) 4,000 (c) 5,000 (d) 6,000
Q69. The simple interest for a certain sum for 2 years at 10%
per annum is Rs. 90. The corresponding CI is (In Rs.):
Q79. The effective rate of interest equivalent to the nominal
(a) 99 (b) 95.60 (c) 94.50 (d) 108 rate of 7% converted monthly:
(a) 7.26% (b) 𝟕. 𝟐𝟐% (c) 7.02% (d) 7.20%
June 2018 Q90. A bank pays 10% rate of interest compounded
Q80. Mr. X invest ₹ 10,000 every year starting from today for annually. A sum of ₹ 400 is deposited in the bank. The
next: 10 years. suppose interest rate is 8% pa compounded amount at the end of 1 year will be
annually. Calculate future value of the annuity. (a) ₹ 440 (b) ₹ 439 (c) ₹ 441 (d) ₹ 442
(a) 𝟏, 𝟓𝟔, 𝟒𝟓𝟒. 𝟖𝟖 (b) 1,56,554.88
(c) 1,44,865.625 (d) None of these Q91. A certain money doubles itself in 10 years when
deposited on SI. It would triple itself in
Q81. How much amount is required to be invested every (a) 20 years (b) 15 years (c) 25 years (d) 30 years
year so as to accumulate ₹ 3,00,000 at the end of 10 years,
if interest is compounded annually at 10% ? Q92. A man deposited ₹ 8,000 in a bank for 3 years at 5%p.a.
(a) 𝟏𝟖𝟖𝟐𝟑. 𝟔𝟓 (b) 18,000 (c) 18,828.65 (d) 18,882.65 CI, after 3 years he will get
(a) ₹ 8,800 (b) ₹ 9,261 (c) ₹ 9,200 (d) ₹ 9,000
Q82. If ₹ 1,000 be invested at interest rate of 5% and the
interest be added to the principal every 10 years, then the
Q93. If in two years’ time a principal of ₹ 100 amounts to
number of years in which it will amount to ₹ 2,000 is:
𝟐 1 2
₹ 121 when the interest at the rate of r% is compounded
(a) 𝟏𝟔 years (b) 6 years (c) 16 years (d) 6 years annually, then the value of r will be
𝟑 4 3
(a) 10.5% (b) 𝟏𝟎% (c) 15% (d) 14%
Q83. A person borrows ₹ 5,000 for 2 years at 4% per annual
simple interest. He immediately lends to another person at Q94. A certain sum of money Q was deposited for 5 year and
1
6 %. p.a for 2 years find his gain in the transaction for year: 4 months at 4.5% simple interest and amounted to ₹ 248,
4
(a) 112.50 (b) 225 (c) 125 (d) 107.50 then the value of Q is
(a) ₹ 200 (b) ₹ 210 (c) ₹ 220 (d) ₹ 240
Q84. If an amount is kept at S.I. it earns an interest of ₹ 600
in first two years but when kept at compound interest it Q95. If CI on a sum for 2 years at 4% per annum is ₹ 102,
earns an interest of ₹ 660 for the same period, then the rate then the simple interest on the same sum for the same
of interest and principal amount respectively are: period at the same rate will be
(a) 20%, ₹ 1,200 (b) 𝟐𝟎%, ₹ 1,500 (a) ₹ 99 (b) ₹ 101 (c) ₹ 𝟏𝟎𝟎 (d) ₹ 95
(c) 10%, ₹ 1,200 (d) 10%, ₹ 1,500
Q96. A man invests an amount of ₹ 15,860 in the names of
Q85. The future value of an annuity of ₹ 1,000. made his three sons A, B and C in such a way that they get the
annually for 5 years at the interest of 14% compounded same interest after 2,3 and 4 years respectively. If the rate of
annually is: Given (1.14)5 1.92541) interest is 5%, then the ratio of amount invested in the name
(a) 5,610 (b) 6,610 (c) 6,160 (d) 5,160 of A, B and C is:
(a) 𝟔: 𝟒: 𝟑 (b) 3: 4: 6 (c) 30: 12: 5 (d) None
Q86. In simple interest, a certain sum becomes Rs. 97,920 in
3 years & Rs. 115200 in 5 years, then the rate of interest is: Q97. If the difference between the CI compounded annually
(a) 10% (b) 12% (c) 11.2% (d) 13.6% & SI on a certain amount at 10% p.a. for two years is ₹ 372,
then the principal amount is
Q87. Difference between CI & SI for 3 years is Rs. 912 @4% (a) 𝟑𝟕, 𝟐𝟎𝟎 (b) 37,000 (c) 37,500 (d) None
p.a., the principal is
(a) 187550 (b) 187000 (c) 185700 (d) 187500
Q98. What is the net present value of piece of property
which would be valued at ₹ 2 lakh at the end of 2 years?
Q88. Rs.2000 is invested at the end of each month in account (Annual rate of increase = 5%)
paying interest 6% per compounded monthly, what is the (a) 1.81 lakh (b) 2.01 lakh (c) 2.00 lakh (d) None
future value of this annuity after 10th payment?
(a) 20156 (b) 20356 (c) 20256 (d) 20456
Q99. The effective rate of interest for one year deposit
corresponding to a nominal 7% rate of interest per annum
Dec 2018 convertible quarterly is
Q89. If ₹ 10,000 is invested at 8% per year compounded (a) 7% (b) 7.5% (c) 7.4% (d) 𝟕. 𝟏𝟖%
quarterly, then the value of the investment after 2 years is:
[given (1 + 0.02)8 = 1.171659]
Q100. How much will ₹ 25,000 amount to in 2 years at CI if
(a) ₹ 𝟏𝟏, 𝟕𝟏𝟔. 𝟓𝟗 (b) ₹ 10,716.59
the rates for the successive years are 4% & 5% per year
(c) ₹ 117.1659 (d) None of the above
(a) 𝟐𝟕, 𝟑𝟎𝟎 (b) 27,000 (c) 27,500 (d) 27,900
Q101. ₹ 8,000/- at 10% p.a. interest compounded half yearly Dec 2019
will become at the end of one year Q113. A man invests ₹ 12,000 at 10% p.a. and another sum
(a) 8,800 (b) 8,820 (c) 8,900 (d) 9,600 of money at 20% p.a. for one year. The total investment
earns at 14% p.a. simple interest the total investment is:
Q102. The value of furniture depreciates by 10% a year, it (a) 8,000 (b) 𝟐𝟎, 𝟎𝟎𝟎 (c) 14,000 (d) 16,000
the present value of the furniture in an office is ₹ 21,870,
calculate the value of furniture 3 years ago Q114. The difference in SI of a sum invested of 1,500 for 3
(a) 30,000 (b) 35,000 (c) 40,000 (d) 50,000 years is 18. The difference in their rates is:
(a) 0.4 (b) 0.6 (c) 0.8 (d) 0.10
June 2019
Q103. The certain sum of money became ₹ 692 in 2 yrs and Q115. Find effective rate of interest on 10,000 on which
₹ 800 in 5 yrs then the principle amount is _______ interest is payable half yearly at 5% p.a.
(a) ₹ 520 (b) ₹ 620 (c) ₹ 720 (d) ₹ 820 (a) 𝟓. 𝟎𝟔% (b) 4% (c) 0.4% (d) 3%

Q104. A sum of money amount to ₹ 6,200 in 2 years & ₹ Q116. Find the effective rate of interest at 10% p.a. when
7,400 in 3 years as per S.I. then the principal is interest is payable quarterly.
(a) ₹ 3,000 (b) ₹ 3,500 (c) ₹ 3,800 (d) None (a) 𝟏𝟎. 𝟑𝟖% (b) 5% (c) 5.04% (d) 4%

Q105. A sum was invested for 3 years as per CI & rate of Q117. What will be the population after 3 years when
interest, for 1st year is 9%, 2nd year is 6% & 3rd year is 3% present population is 25,000 and population increases at
p.a. respectively. Find sum if amount in 3 years is ₹ 550? the rate of 3% in I year, at 4% in II year and at 5% in III year?
(a) ₹ 250 (b) ₹ 300 (c) ₹ 462.16 (d) ₹ 350 (a) 28,119 (b) 29,118 (c) 27,000 (d) 30,000

Q106. P = ₹ 5,000R = 15%T = 41/2 then I will be Q118. The value of scooter is 10,000 find its value after 7
(a) ₹ 3,375 (b) ₹ 3,300 (c) ₹ 3,735 (d) None years if rate of depreciation is 10% p.a.
(a) 𝟒, 𝟕𝟖𝟐. 𝟗𝟔 (b) 4,278.69 (c) 42,079 (d) 42,000
Q107. The effective rate of interest does not depend upon
(a) Amount of Principal (b) Amount of Interest Q119. SI = 0.125P at 10% p.a. Find time.
(c) Number of Conversion Periods (d) None of these (a) 1.25 years (b) 25 years (c) 0.25 years (d) None

Q108. A person wants to lease out a machine costing Q120. Scrap value of a machine valued at 10,00,000, after
₹ 5,00,000 for 10 years. It has fixed a rental of ₹ 51,272 p.a. 10 years within depreciation at 10% p.a.:
payable annually starting from end of 1st year. Suppose rate (a) 𝟑, 𝟒𝟖, 𝟔𝟕𝟖. 𝟒𝟒 (b) 3,84,679.45
of interest is 10% p.a. compounded annually on which (c) 4,00,000 (d) 3,00,000
money can be invested. To whom this agreement is favourable?
(a) Favour of Lessee (b) Favour of Lessor Q121. The difference between Cl & SI for 2 years, is 21. If
(c) Not for both (d) Can't be determined rate of interest is 5% find principle
(a) 𝟖, 𝟒𝟎𝟎 (b) 4,800 (c) 8,000 (d) 8,200
Q109. Let a person invest a fixed sum at the end of each
month in an account paying interest 12% p.a. compounded Q122. Present value of a scooter is 7,290 if its value
monthly. If future value of this annuity after the 12th decreases every year by 10% then its value before 3 years =
payment is ₹ 55,000 then amount invested every month is (a) 10,000 (b) 10,500 (c) 20,000 (d) 20,500
(a) 4,837 (b) 4,637 (c) 4,337 (d) 3,337
Q123. If the interest of money is equal to its one by nine, the
Q110. If Pi2 = ₹ 96, & R = 8% compounded annually, P = rate of interest & time are equal, then find r.
(a) 14,000 (b) 𝟏𝟓, 𝟎𝟎𝟎 (c) 16,000 (d) 17,000 (a) 𝟑. 𝟑𝟑% (b) 4.5% (c) 3% (d) 3.5%

Q111. Determine the present value of perpetuity of ₹ 50,000 Q124. 1/7 of a money is deposited at 4% p.a., ½ of a money
per month @ rate of interest 12% p.a. is _______ deposited at 5% p.a. & the remaining at the rate of 6%, then
(a) ₹ 45,00,000 (b) ₹ 𝟓𝟎, 𝟎𝟎, 𝟎𝟎𝟎 total interest gained 730 find deposit amount.
(c) ₹ 55,00,000 (d) ₹ 60,00,000 (a) 14,000 (b) 21,550 (c) 21,000 (d) 21,280

Q112. In SI if the principal is ₹ 2,000 & the rate & time are Q125. In what time will a sum of Rs. 800 will amount to Rs.
the roots of the equation x 2 − 11x + 30 = 0 then SI is: 882 at 5% p.a. compounded annually
(a) ₹ 500 (b) ₹ 600 (c) ₹ 700 (d) ₹ 800 (a) 4 years (b) 3 years (c) 2 years (d) 1 years
Q126. Find effective rate of interest if an amount of Rs. 1000 Q137. A person decides to invest 1,25,000 per year for the
deposited for 1 year at 10%p.a. compounded semi-annually. next five years in an annuity which gives 5% per annum
(a) 𝟏𝟎. 𝟐𝟓% (b) 10.10% (c) 10.20% (d) 10.5% compounded annually. What is the approx future value?
(use 1.055 = 1.2762, if needed)
Q127. If population of a town is 25000 & it grows at the rate (a) 1,59,535 (b) 𝟔, 𝟗𝟎, 𝟓𝟎𝟎
of 4%, 5% & 8 % in year 1, 2 & 3 respectively. Find (c) 5,90,704 (d) 3,59,535
population after 3 years?
(a) 29,484 (b) 29,844 (c) 29,448 (d) 28,944 Q138. Find the compound interest if an amount of 50,000
is deposited in a bank for one year at the rate of 8% per
Q128. An amount of Rs. 35000 with the rate of interest 7% annum compounded semiannually.
p.a., it is compounded on a monthly basis, then tell the (a) 3,080 (b) 4,080 (c) 5,456 (d) 7,856
effective rate of interest.
(a) 𝟕. 𝟐𝟐% (b) 7.64% (c) 7.0% (d) 7.5% Q139. Which of the following statements is True? (assume
that the yearly cash flow? Are identical for both annuities)
Q129. Determine present value of perpetuity Rs. 10 per (a) The present value of an annuity due is greater than the
month for infinite period at effective rate of 14% p.a. present value of an ordinary annuity
(a) 857 (b) 657 (c) 957 (d) 757 (b) The present value of an ordinary annuity is greater than
the present value of an annuity due
Q130. Find the future value of an annuity of Rs. 1000 made (c) The future value of an ordinary annuity is greater than
annually for 7 years at interest rate of 14% compounded the future value of an annuity due
annually. Given that (1.14)7=2.5023. (d) The future value of an annuity due is equal to future value
(a) 10731.71 (b) 10631.71 (c) 10831.71 (d) None of an ordinary annuity.

Dec 2020 Q140. 2,500 is paid every year for 10 years to pay off a loan.
Q131. On what sum will the CI at 5% per annum for 2 year What is the loan amount if interest rate be 14% per annum
compounded annually be 3,280. compounded annually?
(a) 32,000 (b) 16,000 (c) 48,000 (d) 64,000 (a) 15,847.90 (b) 𝟏𝟑, 𝟎𝟒𝟎. 𝟐𝟕
(c) 14,674.21 (d) 16,345.11
Q132. An amount becomes 5100.5 & 5203 after 2nd & 4th
years respectively at 1% of interest p.a. compounded Q141. An amount is lent at a nominal rate of 4.5% per
annually. Thus, values of P & R are: annum compounded quarterly. What would be the gain in
(a) 4,000 and 1.5 (b) 𝟓, 𝟎𝟎𝟎 and 1 rupees over when compounded annually?
(c) 6,000 and 2 (d) 5,500 and 3 (a) 0.56 (b) 0.45 (c) 0.076 (d) 0.85

Q133. A certain sum invested at 4% per annum Q142. What sum of money will produce 42,800 as an
compounded semi- annually amounts to 1,20,000 at the interest in 3 years and 3 months at 2.5% p.a. simple interest?
end of one year. Find the sum: (a) 3,78,000 (b) 𝟓, 𝟐𝟔, 𝟕𝟔𝟗 (c) 4,22,000 (d) 2,24,000
(a) 𝟏, 𝟏𝟓, 𝟑𝟒𝟎 (b) 1,10,120 (c) 1,12,812 (d) 1,13,113
Q143. The ratio of principal & CI value for three years
Q134. Find the future value of annuity of 1,000 made (compounded annually) is 216 : 127. The rate of interest is:
annually for 7 years at interest rate of 14% compounded (a) 0.1777 (b) 0.1567 (c) 0.1666 (d) 0.1587
annually. Given that 1.147 = 2.5023
(a) 𝟏𝟎, 𝟕𝟑𝟎. 𝟕 (b) 5,365.35 (c) 8,756 (d) 9,892.34 Q144. A stock pays annually an amount of 10 from 6th year
onwards. What is the present value of the perpetuity, if the
Q135. Find present value of 1,00,000 to be required after 5 rate of return is 20% ?
years if the interest rate be 9%. Given that 1.095 = 1.5386. (a) 20.1 (b) 19.1 (c) 21.1 (d) 22.1
(a) 78,995.98 (b) 𝟔𝟒, 𝟗𝟗𝟒. 𝟏𝟓
(c) 88,992.43 (d) 93,902.12 Q145. Suppose you deposit Rs. 900 per month into an
account that pays 14.8% interest compound monthly. How
Q136. A five-year annuity due has periodic cash flow of 100 much money will you get after 9 months?
each year. If the interest rate is 8% the future value of this (a) 9000 (b) 9200 (c) 8511 (d) 1000
annuity is given by:
(a) (100) × (future value at 8% for 5 yrs) × (0.08) Jan 2021
(b) (100) × (future value at 8% for 5 yrs) × (1 − .08) Q146. A certain sum amounted to 575 at 5% in a time in
(c) (100) × (𝐟𝐮𝐭𝐮𝐫𝐞 𝐯𝐚𝐥𝐮𝐞 𝐚𝐭 𝟖% 𝐟𝐨𝐫 𝟓 𝐲𝐫𝐬) × (𝟏 + 𝟎. 𝟎𝟖) which 750 amounted to 840 at 4%. If rate of interest is
(d) (100) × (future value at 8% for 5 yrs) × (1/0.08) simple, find the sum-
(a) 525 (b) 550 (c) 515 (d) 500
Q147. Find the amount of CI, if an amount of 50,000 is Q159. Present value of an Annuity immediate is the same a
deposited in a bank for one year at the rate of 8% p.a. (a) Annuity regular for (𝐧 − 𝟏) year plus the initial receipt in
compounded semiannually the beginning of the period.
(a) 3,080 (b) 4,080 (c) 5,456 (d) 7,856 (b) Annuity regular for (n − 1) years
. (c) Annuity regular for (n + 1) years
Q148. The population of a town increase by 2% of the (d) Annuity regular for (n + 1) years plus the initial receipt
population at the beginning of the year. The number of year in the beginning of the period
by which the total increases in population would be 40% is:
(a) 7 years (b) 10 years (c) 17 years (d) 19 years July 2021
Q160. Desired future value after 5 years with 18% interest
Q149. Find the future value of annuity of 1,000 made rate is 1,50,000, then present value=? ((1.18)5 = 2.2877) ?
annually for 7 years at interest rate of 14% compounded
(a) 63,712 (b) 65,568 (c) 53,712 (d) 41,712
annually (Given that 1.147 = 2.5023)
(a) 𝟏𝟎, 𝟕𝟑𝟎. 𝟕 (b) 5,365.35 (c) 8,756 (d) 9892.34
Q161. The effective rate of return for 24% per annum
convertible monthly is given ąs:
Q150. Two equal amounts of money deposited in two banks
(a) 24% (b) 𝟐𝟔. 𝟖𝟐% (c) 18% (d) 24.24%
each at 15% p.a. fix 3.5 year in the bank & fix 5 years in the
either. The difference between the interest amount from the
bank in 144. Find sum Q162. What is the CI (in ) on a sum of 12,600 for 11/2 years
at 20% p.a. if the interest is compounded half yearly
(a) 620 (b) 640 (c) 820 (d) 840
(a) 4,271 (b) 4,171 (c) 4,711 (d) 4,117
Q151. The SI on sum at 4% p.a. for 2 years is 80. Find the Cl
on the came sum for the same period. Q163. If discount rate is 14% p.a., then how much company
has to pay to receive 280 growing at 9% p.a. forever?
(a) 81.60 (b) 80.80 (c) 83.20 (d) 82.30
(a) 5,600 (b) 2,800 (c) 1,400 (d) 4,200
Q152. Which is a better investment 9% p.a. compounded
quarterly or 9.1% p.a. simple interest? Q164. If the nominal rate of growth is 17% & inflation is 9%
for the five years. Let P be the GDP amount at the present
(a) 𝟗% compounded (b) 9.1% S.T.
year then the projected real GDP after 6 years is:
(c) Both are same (d) Cannot be said
(a) 𝟏. 𝟓𝟖𝟕𝐏 (b) 1.921P (c) 1.403P (d) 2.51P
Q153. Effective rate of interest corresponding to a nominal
Q165. A sum of 7,500 amounts to 9,075 at 10% p.a., interest
rate of 7% p.a. compounded quarterly is
being compounded yearly in a certain time. SI on same sum
(a) 7.5% (b) 7.6% (c) 7.7% (d) 𝟕. 𝟏𝟖% for the same time and the same rate is:
(a) 1,000 (b) 1,250 (c) 1,800 (d) 1,500
Q154. Assuming that the discount rate is 7% p.a. how much
would pay to receive 200 growing at 5% annually for ever?
Q166. A loan of 1,02,000 is to be paid back in 2 equal annual
(a) 2,500 (b) 5,000 (c) 7,500 (d) 𝟏𝟎, 𝟎𝟎𝟎 instalments. If interest is 4% p.a, compounded annually,
then total interest charged under this instalment plan is:
Q155. A man invested 1/3rd of his capital at 7% 1/4th at 8%
(a) 6,160 (b) 8,120 (c) 5,980 (d) 7,560
& remainder at 10%. If annual income is 561. Capital is -
(a) 4,400 (b) 5,500 (c) 6,600 (d) 5,800 Q167. If a person bought a house by paying 45,00,000 down
payment & 80,000 at the end of each year till the perpetuity.
Q156. A sum of money is lent at C.I. Rate 20% p.a. 2 years. It Assuming the interest as 16% the present value of house =?
would fetch 482 more if the interest is compounded half
(a) 47,00,000 (b) 45,00,000
yearly. The sum is:
(c) 57,80,000 (d) 𝟓𝟎, 𝟎𝟎, 𝟎𝟎𝟎
(a) 19,800 (b) 19,900 (c) 20,000 (d) 20,100
Q168. Let the operating profit of a manufacturer for five
Q157. 800 is invested at the end of each month in an
years is given as:
account paying interest 5% per year compounded monthly.
What is the future value of this annually after 10th payment? Years 1 2 3 4 5 6
(a) 4,444 (b) 8,756 (c) 3,491 (d) 𝟖, 𝟏𝟓𝟏. 𝟔𝟕 Operating 90 100 106.4 107.14 120.24 157.34
profit (in
Q158. What ‘i’ denote the actual rate of interest in decimal, lacs)
and n denote the number of conversion periods, the formula Then the operating profit of Compound Annual Growth Rate
for computing the effective rate of interest E is given by. (CAGR) for year 6 with respect to year 2 is given that:
(a) (1 + i)n (b) (𝟏 + 𝐢)𝐧 − 𝟏 (a) 9% (b) 𝟏𝟐% (c) 11% (d) 13%
(c) 1 − (1 + i)n (d) (1 + i)−n
Q169. If the cost of capital be 12% p.a., then the net present Q180. A sum of money is put at 20% compound interest rate
value (in nearest ) from the given cash flow is given as: p.a. At which year the aggregated amount just exceeds the
Years 0 1 2 3 double of the original sum?
(a) 6 (b) 5 (c) 4 (d) 3
Operating profit (in 000’ ) (100) 60 40 50
(a) 31048 (b) 34185 (c) 21048 (d) 24187 Q181. Present value of an annuity of 25,000 to be received
after 10 years at 6% p.a. compounded annually is ______
Q170. A certain sum amounts to 15,748 in 3 years at SI at (1.065 = 1.33823)
r% p.a. The same sum amounts to 16,510 at (r + 2)% p.a. SI
(a) 15,960 (b) 13,960 (c) 11,960 (d) 17,960
in the same time. What is the value of r?
(a) 10% (b) 𝟖% (c) 12% (d) 6%
Q182. A sum of money in SI doubles itself in 7 years. Number
of years it would triple itself is
Q171. What is the difference between the SI & the CI on a
2 (a) 18 (b) 16 (c) 14 (d) 12
sum of 8,000 for 2 years @10% p.a. compounded yearly?
5
(a) 136.12 (b) 129.50 (c) 151.75 (d) 147.20 Q183. Simple interest on a sum of money is amount to Rs.
59000 in 3 years & Rs. 62000 in 4 years at same rate of
Q172. The future value of annuity of 2,000 for 5 years at 5% interest. What is the principal amount & rate of interest?
compounded annually is given as: (a) Rs. 30,000, 6% (b) Rs. 45,000, 5.5%
(a) 51,051 (b) 21,021 (c) 11,051 (d) 61,254 (c) Rs. 55,000, 5% (d) Rs. 52,000, 7%

Q173. A sum of x amounts to 27,900 in 3 years & to 41,850

Q184. Cost of laptop is Rs. 110000 & its value depreciates
in 6 years at a certain rate p.a., when interest is compounded
@12% p.a. its life is 6 years, its scrap value is __ times its cost.
yearly. The value of x is:
(a) 0.44 (b) 0.42 (c) 0.45 (d) 0.48
(a) 16,080 (b) 18,600 (c) 18,060 (d) 16,800
Q185. If CI earned at ‘i' % p.a. in n years is to be earned at ‘s’
Q174. An investor is saving to pay off an obligation of Rs. % SI rate for n years, then s =_____.
15250 which will be due in Seven years, if the investor is (𝒊+𝒊)𝒏−𝟏 1−(𝑖+𝑖)𝑛 1
earning 7.5% SI p.a., he must deposit Rs. ________. (a) i (b) (c) (d) 𝑖
𝒏 𝑛 𝑛
(a) 11,000 (b) 10,000 (c) 9,000 (d) 8,000
June 2022
Dec 2021 Q186. 2,500 is paid every year for 10 years to pay off a loan.
Q175. Mr. X wants to accumulate 50,00,000 at end of 10 What is the loan amount if interest rate be 14% per annum
years. Then how much amount is required to be invested compounded annually?
every year if interest is compounded annually at 10% ? (a) 15,841.90 (b) 𝟏𝟑, 𝟎𝟒𝟎. 𝟐𝟕
(Given that P(10,0.10) = 15.9374298) (c) 14,674.21 (d) 14,010.90
(a) 𝟑, 𝟏𝟑, 𝟕𝟐𝟔. 𝟖𝟕 (b) 4,13,726.87
(c) 3,53,726.87 (d) 4,53,726.87 Q187. 800 is invested at the end of each month in an
account paying interest 6% per year compounded monthly.
Q176. Rahul invested 70,000 in a bank @6.5% p.a. SI. He What is the future value of this annuity after 10th payment?
received 85,925 after the end of term. Find out the period (a) 8,176 (b) 12,044 (c) 4,040 (d) 12,000
for which sum was invested by Rahul.
(a) 2 years (b) 3 years (c) 3.5 years (d) 2.5 years Q188. In how much time a sum of amount doubles at simple
interest at 12.5% rate?
Q177. Company needs 10,000 in 5 years to replace an (a) 7 year (b) 8 year (c) 9 year (d) 10 year
equipment. How much should be invested now @8% p.a. in
order to provide for this equipment? Q189. Anshika took a loan of 1,00,000@8% for 5 year. What
(a) 6,000 (b) 6,805 (c) 10,000 (d) 11,000 amount will she pay if she wants to pay the whole amount
in five equal installments?
Q178. R needs to pay 5,00,000 in 10 years. He invested a (a) 𝟐𝟓, 𝟎𝟒𝟓. 𝟔𝟑 (b) 26,045.68 (c) 28,045.50 (d) None
sum in a scheme @9% compounded half-yearly. How much
amount he invested? (1.04620 = 2.41171) Q190. Ankit invests 3,000 at the end of each quarter
(a) 3,07,321 (b) 2,70,321 (c) 𝟐, 𝟎𝟕, 𝟑𝟐𝟏 (d) 3,40,321 receiving interest @ 7% p.a. for 5 years. What amount will
be received at the end of the period?
Q179. An amount is lent at R% simple interest for R years (a) 71,200.20 (b) 𝟕𝟏, 𝟏𝟎𝟒. 𝟖𝟑
and the simple interest amount was one-fourth of the (c) 73,204.83 (d) None
principal amount. Then R is _______
(a) 5 (b) 6 (c) 51/2 (d) 61/2
Q191. Effective rate of interest corresponding a nominal rate Q201. How much amount is required to be invested every
of 7% p.a. convertible quarterly is: year so as to accumulate 5,00,000 at the end of 12 years if
(a) 7% (b) 7.5% (c) 5% (d) 𝟕. 𝟏𝟖% interest is compounded annually at 10%{ Where
A(12,0.1) = 21.384284}
Q192. Assuming that the discount rate is 7% p.a. How much (a) 23381.65 (b) 24385.85 (c) 26381.65 (d) 28362.75
would you pay to receive 200, growing at 5% p.a forever?
(a) 2,500 (b) 5,000 (c) 7,500 (d) 10,000 Q202. The effective annual rate of interest corresponding to
a normal rate of 6% p.a. payable half yearly is:
Q193. A company establishes a sinking fund to provide for (a) 6.06%. (b) 6.07% (c) 6.08% (d) 𝟔. 𝟎𝟗%
the payment 2,00,000 debt maturing in 20 years.
Contribution to the fund is to be made at the end of every Q203. 10 years ago the EPS of ABC Ltd. was 5 share. Its EPS
year. Find amount of each deposit if interest is 10% p.a.? for this year is 22. Compute at what rate, EPS of company
(a) 3,592.11 (b) 3,491.92 (c) 3,392.11 (d) None grow annually?
(a) 𝟏𝟓. 𝟗𝟕% (b) 16.77% (c) 18.64% (d) 14.79%
Q194. CAGR of initial value of an investment of 15,000 &
final value of 25,000 in 3 years is: Q204. Raju invests 20,000 every year in a deposit scheme
(a) 19% (b) 𝟏𝟖. 𝟓𝟔% (c) 17.56% (d) 17% starting from today for next 12 years. Assuming that interest
rate on this deposit is 7% p.a. compounded annually. What
Q195. ABC Ltd. wants to lease out an asset costing 3,60,000 will be the future value of this annuity? Given that (1 +
for a five-year period. It has a fixed rental of 1,05,000, per 0.07)12 = 2.25219159.
annum payable annually starting from the end of first year. (a) 540,526 (b) 382,813 (c) 643,483 (d) 357,769
Suppose rate of interest is 14% per annum compounded
annually on which money can be invested by the company. Q205. Mr. A invested 10,000 every year for next 3 years at
Is this agreement favourable to the company. interest rate of 8 percent p.a. compounded annually. What
(a) Yes (b) No (c) Can't Say (d) None is future value of the annuity?
(a) 32,644 (b) 32,464 (c) 34,264 (d) 36,442
Q196. A person invested 15000 in a mutual fund & value of
investment at time of redemption was 25000. If CAGR for Q206. Mr. Prakash invested money in two schemes 'A' & ‘B’
this investment is 8.88%, Calculate time period for which the offering CI at the rate of 8% & 9% p.a. respectively. If total
amount was invested? amount of interest accrued through these two schemes
(a) 6 (b) 7.7 (c) 5.5 (d) 7 together in two years was 4,818.30 & total amount invested
was 27,000. What was the amount invested in schemes 'A’?
Q197. Madhu takes a loan of 50,000 from XYZ Bank. The rate (a) 12,000 (b) 12,500 (c) 13,000 (d) 13,500
of interest is 10% pr annum. The first installment will be paid
at the end of year 5. Determine equal installments. If Madhu Q207. A sum of money invested of compound interest
wishes to repay amount in five installments. doubles itself in four years. In how many years it become 32
(a) 19,630 (b) 19,430 (c) 19,310 (d) 19,510 times of itself at the same rate of compound interest?
(a) 12 Years (b) 16 Years (c) 20 Years (d) 24 Years
Dec 2022
Q198. Machine worth 4,90,740 is depreciated at 15% on its Q208. The difference between CI & SI on an amount of
opening value each year. When its value would reduce to 15,000 for 2 years is 96. What is the rate of interest p.a?
2,00,750 ? (a) 9% (b) 𝟖% (c) 11% (d) 10%
(a) 5 years 5 months (b) 5 years 6 months
(c) 5 years 7 months (d) 5 years 8 months Q209. 5,000 is invested every month end in an account
paying interest @ 12% per annum compounded monthly.
Q199. If 64 amounts to 83.20 in 2 years, what will 86 Amount What is the future value of this annuity just after making
to in 4 years at the same rate percent per annum? 11th . payment? (Given that (1.01)11 = 1.1156)
(a) 127.60 (b) 147.60 (c) 145.34 (d) 117.60 (a) 57,800 (b) 56,100 (c) 56,800 (d) 57,100

Q200. A farmer borrowed 3,600 at the rate of 15% simple Q210. A sum of money doubles itself in 4 years at certain CI
interest per Annum. At the end of 4 years, he cleared this rate. In how many years this sum will become 8 times at the
account by paying 4,000 and a cow. The cost of the cow is: same compound interest rate?
(a) 1,000 (b) 1,200 (c) 1,550 (d) 1,760 (a) 12 Years (b) 14Years (c) 16 Years (d) 18 Years
Q211. Sinking fund factor is reciprocal of: Q219. Suppose you have decided to make a SIP in a mutual
(a) Present value interest factor of a single cash flow fund with 1,00,000 p.a. from today for next 10 years @10%
(b) Present value interest factor of an annuity p.a. compounded annually. What is the future value of this
annuity? Given 1.110 = 2.59374
(c) Future value interest factor of an annuity
(a) 17,35,114 (b) 17,53,411
(d) Future value interest factor of a single cash flow.
(c) 17,35,411 (d) 𝟏𝟕, 𝟓𝟑, 𝟏𝟏𝟒
Q212. A company creates a sinking fund of Rs. 2,00,000 in a
bank for 15 years. Bank offers interest rate at 6% p.a. the Q220. A machine depreciates at 10% of its value at
yearly payment to be made by company is beginning of a year. The cost & scrap value realized at the
time of sale being 23,240 & 9,000 respectively. For how
(a) 8945 (b) 8145 (c) 9345 (d) 9645
many years the machine was put to use?
(a) 7 (b) 8 (c) 9 (d) 10
June 2023
Q213. The Nominal rate of interest is 10% per annum. The
Q221. Mr. Ram invested a total of 1 lakh in two bags for the
interest is compounded quarterly. The effective rate of
fixed parcel. the first bank fields @9% p.a. & 2nd bank field
interest per annum will be.
11% p.a. If the total interest at the end of one year is 9.75%
(a) 10% (b) 10.40% (c) 10.25% (d) 𝟏𝟎. 𝟑𝟖% p.a.. then the amount invested in these bank respectively?
(a) 52,500, 47,500 (b) 62,500, 37,500
Q214. A car is available for 4,98,200 cash payment on
60,000 cash down payment followed by 3 equal annual (c) 57,500, 42,500 (d) 67,500, 32,500
instalments of the rate of interest charged is 14% p.a.
compounded yearly. Total interest changed is instalment Q222. A company wants to replace its existing warm out
plans is (Given P (3,0.14) = 2.32163) machinery in 10 years the expected cost of machine would
be 10 Lakh. If the management create a sinking fund. How
(a) 1,46,314 (b) 1,46,137 (c) 1,28,040 (d) 1,58,040
much provision needs to be made each year. Which can care
@10% compound annually. (Given A(10,0.1) = 15.937425
Q215. If the discount rate is 10% per annum. How much
amount would you pay to receive 2,500 growing at 8% (a) 74,625 (b) 72,514 (c) 62,745 (d) 67,245
annually forever?
Q223. The difference between compound interest and
(a) 1,25,000 (b) 2,50,000 (c) 1,50,000 (d) 2,00,000
simple interest on a certain sum of money invest for three
years at 6% p.a. is 11016. The principal is.
Q216. The compound interest on 15,625 for 9 months at
16% per annum compounded quarterly is (a) 3,000 (b) 3,700 (c) 12,000 (d) 10,000
(a) 1,851 (b) 1,941 (c) 1,951 (d) 1,961
Q224. The population of a town increases every year by 2%
of the population of the beginning of the year. The
Q217. Mr. Sharad got his retirement benefit amounting to
approximate no. of years by which the total increase of
50,00,000. He wants to receiver a fixed monthly sum of
population will be 40% is:
amount for his rest of life, starting after 1 month & there
after he want to pass on same to future generation. He (a) 15 years (b) 17 years (c) 19 years (d) 20 years
expects to earn an interest of 9% compounded annually.
Determine how much perpetuity amount he will receive Q225. Govinda's mother decides to gift him 50,000 every
every month? year starting from today for the next 5 year. Govinda
deposits this amount in a bank. As & when he receives &
(a) 9,500 (b) 38,500 (c) 𝟑𝟕, 𝟓𝟎𝟎 (d) 36,600
gets 10% p.a. interest rate compounded annually. What is
the present value of this annuity? Given P(4,0.10) = 3.16987
Q218. Jonny wants to have 2,00,000 in his saving account
after three years. Rate of interest offered by bank is 8% p.a. (a) 2,80,493.5 (b) 2,08,993.5
compounded annually. How much should he invest today to (c) 𝟐, 𝟎𝟖, 𝟗𝟒𝟑. 𝟓 (d) 2,58,493.5
achieve his target amount?
(a) 1,47,489.10 (b) 𝟏, 𝟓𝟖, 𝟕𝟔𝟔. 𝟒𝟒 Q226. Mr. Paul invested 1,00,000 in a mutual fund scheme.
She got a dividend of 10,000 for first year 12,000 for second
(c) 1,71,035.59 (d) 1,84,417.96
year, 16,000 for third year, 18,000 for fourth year & 21,000
for fifth year. What is CAGR on dividend return?
(a) 𝟐𝟎. 𝟑𝟖% (b) 18.59% (c) 16.36% (d) 15.89%