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

MABS Institution

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

Time : 1.30 Hours

Part - A

Generic 3 - Answer All Question

Naveen deposits Rs 250 at the beginning of each month in an account that pays an interest of 6% per annum compounded monthly, how many months will be required for the deposit to amount to atleast Rs 6390?[log(1.1278)=0.0523'log(1.005)=0.0022]

The age of the daughter is 2 years. Her father wants to get Rs 20,00,000 when his ward becomes 22 years He opens an account with a bank at 10% rate of compound interest. What amount should he deposit at the end of every month in this recurring account [(1.0083)²⁴⁰ = 6.194].

A capital company is made up of 1,00,000 preference shares with a dividend of 16% and 50,000 shares. The par value of each of preference and ordinary shares is Rs 10. The total profit of a company is Rs 3,20,000. If Rs 40,000 were kept in reserve and Rs 20,000 were kept in depreciation fund, what percent of dividend is paid to the ordinary share holders

If I deposit Rs.500 every year for a period of 10 years in a bank which gives C.I. 5% per year, find out the amount I will receive at the end of 10 years.

An equipment is purchased on an installment basis such that Rs 5000 on the signing of the contract and four yearly installments of Rs.3000 each payable at the end of first, second, third and the fourth year. If the interest is charged at 5% p.a find the cash down price. [log(1.05) = 0.0212 ; antilog(¯1.9152=0.8226) ]

A person purchases a machine on 1st January 2009 and agrees to pay 10 installments each of Rs 12,000 at the end of every year inclusive of compound rate of 15%. Find the present value of the machine. [(1.15)¹⁰ = 4.016].

Find the amount of an ordinary annuity of Rs 3,200 per annum for 12 years at the rate of interest of 10% per year. [(1.1)¹² = 3.3184]

Find the rate of dividend which gives an annual income of Rs.1200 for 150 shares of face value Rs.100

Ram bought at 9% stock for Rs.5400 at a discount of 11%. If the paid 1% brokerage, find the percentage of his income.

A photographer purchases a camera on installments. He has to pay 7 annual installments each of Rs 36,000 right from the date of purchase. If the rate of compound interest is 16% then find the cost price (present value) of the camera. [(1.16)⁷ = 2.2828]

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

MABS Institution

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

Part - A

Generic 3 - Answer All Question

Naveen deposits Rs 250 at the beginning of each month in an account that pays an interest of 6% per annum compounded monthly, how many months will be required for the deposit to amount to atleast Rs 6390?[log(1.1278)=0.0523'log(1.005)=0.0022]

The age of the daughter is 2 years. Her father wants to get Rs 20,00,000 when his ward becomes 22 years He opens an account with a bank at 10% rate of compound interest. What amount should he deposit at the end of every month in this recurring account [(1.0083)240 = 6.194].

If I deposit Rs.500 every year for a period of 10 years in a bank which gives C.I. 5% per year, find out the amount I will receive at the end of 10 years.

A person purchases a machine on 1st January 2009 and agrees to pay 10 installments each of Rs 12,000 at the end of every year inclusive of compound rate of 15%. Find the present value of the machine. [(1.15)10 = 4.016].

Find the amount of an ordinary annuity of Rs 3,200 per annum for 12 years at the rate of interest of 10% per year. [(1.1)12 = 3.3184]

Find the rate of dividend which gives an annual income of Rs.1200 for 150 shares of face value Rs.100

Ram bought at 9% stock for Rs.5400 at a discount of 11%. If the paid 1% brokerage, find the percentage of his income.

A photographer purchases a camera on installments. He has to pay 7 annual installments each of Rs 36,000 right from the date of purchase. If the rate of compound interest is 16% then find the cost price (present value) of the camera. [(1.16)7 = 2.2828]

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The age of the daughter is 2 years. Her father wants to get Rs 20,00,000 when his ward becomes 22 years He opens an account with a bank at 10% rate of compound interest. What amount should he deposit at the end of every month in this recurring account [(1.0083)²⁴⁰ = 6.194].

A person purchases a machine on 1st January 2009 and agrees to pay 10 installments each of Rs 12,000 at the end of every year inclusive of compound rate of 15%. Find the present value of the machine. [(1.15)¹⁰ = 4.016].

Find the amount of an ordinary annuity of Rs 3,200 per annum for 12 years at the rate of interest of 10% per year. [(1.1)¹² = 3.3184]

A photographer purchases a camera on installments. He has to pay 7 annual installments each of Rs 36,000 right from the date of purchase. If the rate of compound interest is 16% then find the cost price (present value) of the camera. [(1.16)⁷ = 2.2828]