CMA Foundation Business Maths & Statistics Paper 4 (RT 2)

Revision test 2

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QUESTION

4. At what rate of simple interest will $1000 amount to $1200 in 2

   years?

2 points

Mark only one oval.

8%

10%

9%

7.5%

5. What sum of money will amount to $5200 in 6 years at the same

   rate of interest at which $1706 amount to $3412 in 20 years at SI

2 points

Mark only one oval.

3900

3800

4000

4400

6. Compute compound interest on Rs. 2500 for 1 year at 12%

   compounded six monthly

2 points

Mark only one oval.

309

390

300

290

7. In what time will a sum of money double itself at 5% p.a C.I

2 points

Mark only one oval.

12yrs

15.6 yrs

14.2yrs

10yrs

8. Effective rate of interest does not contains

2 points

Mark only one oval.

Principal

Rate of interest

Nominal interest

No.of time period

9. Compound interest =

2 points

Mark only one oval.

Principal – interest

Amount – payment period

Amount – principal

None

10. Divide Rs.2760 in two parts such that simple interest on one part

    at 10% p.a for 2 years is equal to the simple interest on the other

    part at 12.5% p.a for 3 years

2 points

Mark only one oval.

1900,860

1800,960

1600,1160

1430,1330

11. The S.I on a sum of money at 8% p.a for 6 year is half the sum.

    Then the sum is

2 points

Mark only one oval.

720

640

380

470

12. Due to fall in the rate of interest from 12% to 10.5 % p.a money

    lender’s yearly income diminished by Rs. 90 , then the capital is

2 points

Mark only one oval.

7200

6000

11000

8000

13. If I is the simple interest, R is the rate % p.a., T is the time period,

    P being the principal,then I is expressed as

2 points

Mark only one oval.

I= 100 (PRT)

I=100/

I=PRT/

I = PRT

14. Find the compound interest on 4,000 for 2 years at 5% p.a.

2 points

Mark only one oval.

400

410

415

405

15. The simple interest (SI) on Rs. 100 at the rate of 5% p.a. for 5

    years is

2 points

Mark only one oval.

Rs.10

Rs.5

Rs.1

Rs.25

16. A person deposits Rs.2,000 at 6% p.a. simple interest for 3 years.

    The amount he will get back after 3 years is

    2 points

Mark only one oval.

Rs2300

Rs.2400

Rs.2360

Rs.2350

17. Find the compound interest on 6400 for 2 years, compounded

    annually at 7.5% per annum

2 points

Mark only one oval.

1006

996

1000

None of these

18. Abhinav man invested 1/3 of his capital at 7%, 1/4 at 8% and the

    remainder at 10%. If his annual income is 561, the capital is __

2 points

Mark only one oval.

6600

6400

5600

6200

19. Find the simple interest and the amount on 2400 for 3 years 5

    months and 15 days at the rate of 9%

2 points

Mark only one oval.

3284

3985

3147

3451

20. The difference between compound interest and simple interest

    on certain sum of money in 2 years at 4% per annum is 50. Find

    the sum

2 points

Mark only one oval.

31250

30550

35400

25670

21. Compute the compound interest on Rs.4000 for 1 year 6 months

    at 10% per annum compounded half yearly

2 points

Mark only one oval.

640

630.5

671.8

430.5

22. Rs. 5000 is in a term deposit scheme that fetches interest 6% per

    annum compounded quarterly . What will be the effective rate of

    interest ?

2 points

Mark only one oval.

6.25%

6.13%

6.27%

6.5%

23. The annual birth and death rates per 1000 are 39.4 and 19.4

    respectively. The number of years in which the population will be

    doubled assuming ther is no immigration and emigration is

2 points

Mark only one oval.

35 years

30 years

25 years

None of these

24. In a certain time Rs. 1200 becomes Rs. 1560 at 10% per annum

    simple interest . Find the principal that will become Rs.2232 at 8%

    per annum in the same time

2 points

Mark only one oval.

1200

1400

1600

1800

25. At what rate of percent will be simple interest be equal to

    principal amount in 10 years?

2 points

Mark only one oval.

12%

10%

15%

20%

26. What is the present value of Rs. 1000 due in 2 years at 5%

    compound interest , according as the interest paid yearly

2 points

Mark only one oval.

865.80

907.03

970.03

856.80

27. What is the better investment 3% per year compounded monthly

    or 3.2% per year simple interest?

    2 points

Mark only one oval.

3% p.a compounded monthly

3.2% p.a simple interest

None of these

Both are same

28. Calculate the amount on Rs. 4480 at 8% per annum for 3 years.

2 points

Mark only one oval.

Rs. 5555.20

Rs. 5545.20

Rs. 5000

Rs. 6555

 

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