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Published on: 09/10/2019
Financial Mathematics
Download Tamil Nadu 11th Standard Business Maths and Statistics question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.
Questions + Answers key
Take MCQ Business Maths and Statistics Test

1.
Find the rate of dividend which gives an annual income of Rs.1200 for 150 shares of face value Rs.100
2.
Find the future value of an ordinary annuity of Rs.1000 a year for 5 years for 5 years at 7% p.a compounded annually.
3.
A sum of Rs.1000 is deposited at the beginning of each quarter in a S.B. account that pays C.I 8% compounded quarterly. Find the account at the end of 3 years.
4.
Find the purchase price of Rs.9300,8 3/4% stock at 4% discount?
5.
Find the amount of 8% stock that will give an annual income of Rs.80
6.
Find the amount of an annuity of Rs. 2000 payable at the end of every month for 5 years if money is worth 6% per annum compounded monthly.
7.
A bank pays 8% per annum interest compounded quarterly. Find the equal deposits to be made at the end of each quarter for 10 years to have Rs. 30,200? [(1.02)40 = 2.2080]
8.
Find the amount of an ordinary annuity of 12 monthly payments of Rs. 1, 500 that earns interest at 12% per annum compounded monthly. [(1.01)12 = 1.1262 ]
9.
10.
A man buys 400 of Rs. 10 shares at a premium of Rs. 2.50 on each share. If the rate of dividend is 12%, then find
(i) his investment
(ii) annual dividend received by him
(iii) rate of interest received by him on his money
1.
Given annual income =Rs.1200
No.of shares =150
FV= 100
Annual income = No.of shares x FV x Rate percentage
1200=150 x 100 x\(\cfrac { r }{ 100 } \)
\(\cfrac { 1200 }{ 150 } =r\Rightarrow r=8%\)%
2.
Given a = Rs.1000,i = 7% = 0.07.n = 5
A = \(\cfrac { a }{ i } \left[ \left( 1+i \right) ^{ n }-1 \right] \)
=\(\cfrac { 1000 }{ 0.07 } \) x [(1.07)5-1]
=14,285.71[1.4028-1]
= (14,285.71)[0.4028]
= Rs.5754.28
(1.07)5 = 5 log(1.07)
= 5(0.0294)
= 0.1470
Antilog of 0.1470 is 1.4028
3.
Given a = Rs.1000,r = \(\cfrac { 8 }{ 100 } \times \cfrac { 1 }{ 4 } \) = 0.02,n =3 X 4 = 12
A =\(\cfrac { a }{ i } \left( 1+i \right) \left[ \left( 1+i \right) ^{ n }-1 \right] \)
=\(\cfrac { 1000 }{ 0.02 } \left( 1.02 \right) \left[ \left( 1.02 \right) ^{ 12 }-1 \right] \)
= 51,000[1.269-1]
= 51,000[0.269]=Rs.13,719
(1.02)12 = 12log(1.02)
=12(0.0086)
= 0.1032
Antilog of 0.1032 is 1.269
4.
Cost of one share = 100-4 = 96
Stock = 9300
Number of shares purchased = \(\frac { \text {Stock }}{ FV } \)
=\(\frac { 9300 }{ 100 } \) = 93
\(\therefore\) Purchase price of 93 shares = 93 x 96 = Rs.8928
5.
Dividend rate =8%
Annual income =Rs.80
Stock=\(\frac { \text {Annual income }}{\text { Dividend Rate } }\)X100
=\(\frac { 80 }{ 8 } \) x 100 = Rs.1000
6.
a = Rs.2000,i =\(\frac { 6 }{ 1200} \) = 0.005, n = 5 x 12 = 60
P = \(\frac { a }{ i } \left[ \left( 1+i \right) ^{ n }-1 \right] \)
= \(\frac { 2000 }{ 0.005 } \left[ \left( 1.005 \right) ^{ 60 }-1 \right] \)
= 400000 [1.3489 - 1]
= 400000 (0.3489)
= Rs. 1,39,560
7.
A = 30,200 i = \(\frac{8}{400}\) = 0.02, n = 10 x 4 = 40
A = \(\cfrac { a }{ i } \left[ \left( 1+i \right) ^{ n }-1 \right] \)
30,200 \( =\cfrac { a }{ 0.02 } \left[ \left( 1.02 \right) ^{ 40 }-1 \right] \)
30,200 x 0.02 = a[2.2080-1]
a = \(\cfrac { 604 }{ 1.2080 } \) = Rs. 500
8.
a = Rs 1500, i = \(\frac { 12 }{ 12 \times 100} \) = 0.01, n = 12.
A = \(\cfrac { a }{ i } \left[ \left( 1+i \right) ^{ n }-1 \right] \)
\(=\cfrac { 500 }{ 0.01 } \left[ \left( 1.01 \right) ^{ 12 }-1 \right] \)
= 150000 [1.262-1]
= 150000 [0.1262]
= Rs. 18,930
9.
10.
Market value of one share
= 10 + 2.50 = Rs. 12.50
(i) Number of share =\(\frac {\text { Investment }}{ \text {Market \ Value } }\)
400 = \(\frac { \text {Investment} }{ 12.50 } \)
Investment = 400 x 12.50 = Rs. 5000
(ii) Annual dividend = Number of shares x F.V x Rate of dividend
= 400 x10 x \(\frac { 12 }{ 100 } \) = Rs. 480
(iii) Rate of interest received by him on his money
\(=\frac{\text {Income}}{\text {Investment}}\times100=\frac{480}{5000}\times100=9.6\%\)
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Tamilnadu Stateboard 11th Standard Subjects

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Economics

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Business Maths and Statistics

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