11th Business Maths Monthly Test - 4 ( Financial Mathematics )

MABS Institution

11th Business Maths Monthly Test - 4 ( Financial Mathematics )-Aug 2020

Time : 2.00 Hours

Part - A

Generic 5 - Answer All Question

A person sells a 20% stock of face value Rs.5000 at a premium of 62% with the money obtained he buys a 15% stock at a discount of 22% what is the change in his income.(Brokerage 2%)

Machine A costs Rs15,000 and machine B costs Rs 20,000. The annual income from A and B are Rs 4,000 and Rs 7,000 respectively. Machine A has a life of 4 years and B has a life of 7 years. Find which machine may be purchased. (Assume discount rate 8% p.a)[(1.08)^-4=0.7350'(1.08)^-7=0.5835

Machine a costs Rs.25,000 and machine B costs Rs.40,000. The annual income fro machine A and B are 8000 and 10,000 respectively. Machine A has life of 5 years and machine B has life of 7 years. Which machine may be purchased, discount rate being 10% p.a?

A person sells a 20% stock of face value Rs 10,000 at a premium of 42%. With the money obtained he buys a 15% stock at a discount of 22%. What is the change in his income if the brokerage paid is 2%.

Vijay wants to invest Rs .27,000 in buying shares. The shares of the following companies are available to him. Rs 100 shares of company A at par value ; Rs 100 shares of company B at a premium of Rs 25. Rs 100 shares of company C at a discount of Rs 10. Rs 50 shares of company D at a premium of 20%. Find how many shares will he get if he buys shares of company (i) A (ii) B (iii) C (iv) D

A man, deposits Rs.75 at the end of 6 months in a bank which pays interest at 8% compounded semiannually. How much is to his credit at the end of 10 years?

The capital of a company is made up of 50,000 preferences shares with a dividend of 16% and 2,500 ordinary shares. The par value of each of preference and ordinary shares is Rs 10. The company had a total profit of Rs. 1,60,000. If Rs 20,000 were kept in reserve and Rs 10,000 in depreciation, what percent of dividend is paid to the ordinary share holders

Kamal sold Rs.9000 worth 7% stock at 80 and invested the proceeds in 15% stock at 120. Find the change in his income?

A man sells 2000 ordinary shares (par value Rs 10) of a tea company which pays a dividend of 25% at Rs 33 per share. He invests the proceeds in cotton textiles (par value Rs 25) ordinary shares at `44 per share which pays a dividend of 15%. Find
(i) the number of cotton textiles shares purchased and
(ii) change in his dividend income.

Equal amounts are invested in 12% stock at 95 (brokerage). If 12% stock brought at Rs.120 more by way of dividend income than the other, find the amount invested in each stock?

a bank pays 8% interest compounded quarterly. Determine the equal deposits to be made at the end of each quarter for 3 years so as to receive Rs.300 at the end of 3 years.

What equal payments made at the beginning of each month for 3 years will accumulate to Rs.4,00,000 if money is worth 15% compounded monthly

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11th Business Maths Monthly Test - 4 ( Financial Mathematics )

MABS Institution

11th Business Maths Monthly Test - 4 ( Financial Mathematics )-Aug 2020

Part - A

Generic 5 - Answer All Question

A person sells a 20% stock of face value Rs.5000 at a premium of 62% with the money obtained he buys a 15% stock at a discount of 22% what is the change in his income.(Brokerage 2%)

Machine A costs Rs15,000 and machine B costs Rs 20,000. The annual income from A and B are Rs 4,000 and Rs 7,000 respectively. Machine A has a life of 4 years and B has a life of 7 years. Find which machine may be purchased. (Assume discount rate 8% p.a)[(1.08)-4=0.7350'(1.08)-7=0.5835

Machine a costs Rs.25,000 and machine B costs Rs.40,000. The annual income fro machine A and B are 8000 and 10,000 respectively. Machine A has life of 5 years and machine B has life of 7 years. Which machine may be purchased, discount rate being 10% p.a?

A person sells a 20% stock of face value Rs 10,000 at a premium of 42%. With the money obtained he buys a 15% stock at a discount of 22%. What is the change in his income if the brokerage paid is 2%.

A man, deposits Rs.75 at the end of 6 months in a bank which pays interest at 8% compounded semiannually. How much is to his credit at the end of 10 years?

Kamal sold Rs.9000 worth 7% stock at 80 and invested the proceeds in 15% stock at 120. Find the change in his income?

Equal amounts are invested in 12% stock at 95 (brokerage). If 12% stock brought at Rs.120 more by way of dividend income than the other, find the amount invested in each stock?

a bank pays 8% interest compounded quarterly. Determine the equal deposits to be made at the end of each quarter for 3 years so as to receive Rs.300 at the end of 3 years.

What equal payments made at the beginning of each month for 3 years will accumulate to Rs.4,00,000 if money is worth 15% compounded monthly

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Machine A costs Rs15,000 and machine B costs Rs 20,000. The annual income from A and B are Rs 4,000 and Rs 7,000 respectively. Machine A has a life of 4 years and B has a life of 7 years. Find which machine may be purchased. (Assume discount rate 8% p.a)[(1.08)^-4=0.7350'(1.08)^-7=0.5835