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11th Standard English Medium Business Maths Subject Financial Mathematics Creative 5 Mark Questions with Solution Part - I

11th Standard

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Business Maths

Time : 00:30:00 Hrs
Total Marks : 25
    5 x 5 = 25
  1. 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.

  2. 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

  3. 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?

  4. 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?

  5. A bank pays interest at the rate of 8% p.a. compounded quarterly. Find how much should be deposited in the bank at the beginning of each of 3 months for 5 years in order to accumulate to Rs.10,000 at the of 5 years.

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