1. S.I on Rs.3,500 for 3 years at 12% p.a. is
A) Rs.1,200
B) Rs.1,260 ✓
C) Rs.2,260
D) none of these
CA Foundation Paper 3
Mathematics of Finance MCQ
Chapter 4 • 59 Questions from ICAI Study Material
Questions
59
Est. Time
44 min
Source
ICAI Book
Question 1 of 59 0 correct | 0 wrong
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Sample Questions: Mathematics of Finance
Preview 8 of 59 MCQs from Chapter 4
2. P = 5,000, R = 15, T = 4 1/2 using I = PRT/100, I will be
A) Rs.3,375 ✓
B) Rs.3,300
C) Rs.3,735
D) none of these
3. If P = 5,000, T = 1, I = Rs.300, R will be
A) 5%
B) 4%
C) 6% ✓
D) none of these
4. If P = Rs.4,500, A = Rs.7,200, than Simple interest i.e. I will be
A) Rs.2,000
B) Rs.3,000
C) Rs.2,500
D) Rs.2,700 ✓
5. P = Rs.12,000, A = Rs.16,500, T = 2 1/2 years. Rate percent per annum simple interest will be
A) 15% ✓
B) 12%
C) 10%
D) none of these
6. P = Rs.10,000, I = Rs.2,500, R = 12 1/2% SI. The number of years T will be
A) 1 1/2 years
B) 2 years ✓
C) 3 years
D) none of these
7. P = Rs.8,500, A = Rs.10,200, R = 12 1/2% SI, t will be
A) 1 yr. 7 mth. ✓
B) 2 yrs.
C) 1 1/2 yr.
D) none of these
8. The sum required to earn a monthly interest of Rs.1,200 at 18% per annum SI is
A) Rs.50,000
B) Rs.60,000
C) Rs.80,000 ✓
D) none of these
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