Q. Peter borrows Rs. 12000 for 2 years at 10% p.a. compound interest. He repays Rs. 8000 at the end of first year. Find:
(i) the amount at the end of first year, before making the repayment.
(ii) the amount at the end of first year, after making the repayment.
(iii) the principal for the second year.
(iv) the amount to be paid at the end of second year, to clear the account.
Q.
Tick the correct answer in each of the following:
At what rate per cent per annum will a sum of Rs 7500 amount to Rs 8427 in 2 years. Compounded annually ?
(a) 4% (b) 5% (c) 6% (d) 8%
Q.
Tick the correct answer in each of the following:
The value of a machine depreciates at the rate of 20% per annum. It was purchased 2 years ago. If its present value is Rs 40000, for how much was it purchased?
(a) Rs 56000 (b) Rs 62500 (c) Rs 65200 (d) 56500
Q.
Tick the correct answer in each of the following:
The compound interest on Rs 6250 at 8% per annum for 1 year, compounded half yearly, is
(a) Rs 500 (b) Rs 510 (c) Rs 550 (d) Rs 512.50
Q.
Tick the correct answer in each of the following:
The compound interest on Rs 4000 at 10% per annum for 2 years 3 months, compounded annually, is
(a) Rs 916 (b) Rs 900 (c) Rs 961 (d) Rs 896
Q.
Tick the correct answer in each of the following:
The value of a machine depreciates at the rate of 10% per annum. It was purchased 3 years ago for Rs 60000. What is the present value of the machine ?
(a) Rs 53640 (b) Rs 51680 (c) Rs 43740 (d) Rs 43470
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This discussion on The C.I on Rs. 40000 at 10% p.a for 1 year when the interest is payable quarterly isa)Rs. 4000b)Rs. 4100c)Rs. 4152.51d)none of theseCorrect answer is 'C'. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of The C.I on Rs. 40000 at 10% p.a for 1 year when the interest is payable quarterly isa)Rs. 4000b)Rs. 4100c)Rs. 4152.51d)none of theseCorrect answer is 'C'. Can you explain this answer? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like The C.I on Rs. 40000 at 10% p.a for 1 year when the interest is payable quarterly isa)Rs. 4000b)Rs. 4100c)Rs. 4152.51d)none of theseCorrect answer is 'C'. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.