Scroll:Life mathematics >> profit and loss >> saq (4309)

Written Instructions:

For each Multiple Choice Question (MCQ), four options are given. One of them is the correct answer. Make your choice (1,2,3 or 4). Write your answers in the brackets provided..

For each Short Answer Question(SAQ) and Long Answer Question(LAQ), write your answers in the blanks provided.

Leave your answers in the simplest form or correct to two decimal places.


 

1)  

 Ponmani makes a fixed deposit of 20449 in abank  for 2 years .If the rate of interest is  6% per annum,find the maturity value.


Answer:_______________




2)  

 Ponmani makes a fixed deposit of 29857 in abank  for 2 years .If the rate of interest is  4% per annum,find the maturity value.


Answer:_______________




3)  

 Ponmani makes a fixed deposit of 24590 in abank  for 2 years .If the rate of interest is  2% per annum,find the maturity value.


Answer:_______________




4)  

 Ponmani makes a fixed deposit of 34193 in abank  for 2 years .If the rate of interest is  6% per annum,find the maturity value.


Answer:_______________




5)  

 Ponmani makes a fixed deposit of 34525 in abank  for 2 years .If the rate of interest is  3% per annum,find the maturity value.


Answer:_______________




6)  

 Ponmani makes a fixed deposit of 23964 in abank  for 2 years .If the rate of interest is  5% per annum,find the maturity value.


Answer:_______________




7)  

 Ponmani makes a fixed deposit of 39965 in abank  for 2 years .If the rate of interest is  6% per annum,find the maturity value.


Answer:_______________




8)  

 Ponmani makes a fixed deposit of 35553 in abank  for 2 years .If the rate of interest is  3% per annum,find the maturity value.


Answer:_______________




9)  

 Ponmani makes a fixed deposit of 33606 in abank  for 2 years .If the rate of interest is  2% per annum,find the maturity value.


Answer:_______________




10)  

 Ponmani makes a fixed deposit of 29747 in abank  for 2 years .If the rate of interest is  4% per annum,find the maturity value.


Answer:_______________




 

1)  

 Ponmani makes a fixed deposit of 20449 in abank  for 2 years .If the rate of interest is  6% per annum,find the maturity value.

Answer: 22902.88


SOLUTION 1 :

Given:  

        P        =   20449

        n        =     2 years

       r          =   6%

       A         =    

         I         =   Pnr100

                   =   (20449 x 2 x 6)100

                   =   245388100

                   =    2453.88

       A          =    P + I

                    =  20449 + 2453.88

                    =   22902.88



2)  

 Ponmani makes a fixed deposit of 29857 in abank  for 2 years .If the rate of interest is  4% per annum,find the maturity value.

Answer: 32245.56


SOLUTION 1 :

Given:  

        P        =   29857

        n        =     2 years

       r          =   4%

       A         =    

         I         =   Pnr100

                   =   (29857 x 2 x 4)100

                   =   238856100

                   =    2388.56

       A          =    P + I

                    =  29857 + 2388.56

                    =   32245.56



3)  

 Ponmani makes a fixed deposit of 24590 in abank  for 2 years .If the rate of interest is  2% per annum,find the maturity value.

Answer: 25573.6


SOLUTION 1 :

Given:  

        P        =   24590

        n        =     2 years

       r          =   2%

       A         =    

         I         =   Pnr100

                   =   (24590 x 2 x 2)100

                   =   98360100

                   =    983.6

       A          =    P + I

                    =  24590 + 983.6

                    =   25573.6



4)  

 Ponmani makes a fixed deposit of 34193 in abank  for 2 years .If the rate of interest is  6% per annum,find the maturity value.

Answer: 38296.16


SOLUTION 1 :

Given:  

        P        =   34193

        n        =     2 years

       r          =   6%

       A         =    

         I         =   Pnr100

                   =   (34193 x 2 x 6)100

                   =   410316100

                   =    4103.16

       A          =    P + I

                    =  34193 + 4103.16

                    =   38296.16



5)  

 Ponmani makes a fixed deposit of 34525 in abank  for 2 years .If the rate of interest is  3% per annum,find the maturity value.

Answer: 36596.5


SOLUTION 1 :

Given:  

        P        =   34525

        n        =     2 years

       r          =   3%

       A         =    

         I         =   Pnr100

                   =   (34525 x 2 x 3)100

                   =   207150100

                   =    2071.5

       A          =    P + I

                    =  34525 + 2071.5

                    =   36596.5



6)  

 Ponmani makes a fixed deposit of 23964 in abank  for 2 years .If the rate of interest is  5% per annum,find the maturity value.

Answer: 26360.4


SOLUTION 1 :

Given:  

        P        =   23964

        n        =     2 years

       r          =   5%

       A         =    

         I         =   Pnr100

                   =   (23964 x 2 x 5)100

                   =   239640100

                   =    2396.4

       A          =    P + I

                    =  23964 + 2396.4

                    =   26360.4



7)  

 Ponmani makes a fixed deposit of 39965 in abank  for 2 years .If the rate of interest is  6% per annum,find the maturity value.

Answer: 44760.8


SOLUTION 1 :

Given:  

        P        =   39965

        n        =     2 years

       r          =   6%

       A         =    

         I         =   Pnr100

                   =   (39965 x 2 x 6)100

                   =   479580100

                   =    4795.8

       A          =    P + I

                    =  39965 + 4795.8

                    =   44760.8



8)  

 Ponmani makes a fixed deposit of 35553 in abank  for 2 years .If the rate of interest is  3% per annum,find the maturity value.

Answer: 37686.18


SOLUTION 1 :

Given:  

        P        =   35553

        n        =     2 years

       r          =   3%

       A         =    

         I         =   Pnr100

                   =   (35553 x 2 x 3)100

                   =   213318100

                   =    2133.18

       A          =    P + I

                    =  35553 + 2133.18

                    =   37686.18



9)  

 Ponmani makes a fixed deposit of 33606 in abank  for 2 years .If the rate of interest is  2% per annum,find the maturity value.

Answer: 34950.24


SOLUTION 1 :

Given:  

        P        =   33606

        n        =     2 years

       r          =   2%

       A         =    

         I         =   Pnr100

                   =   (33606 x 2 x 2)100

                   =   134424100

                   =    1344.24

       A          =    P + I

                    =  33606 + 1344.24

                    =   34950.24



10)  

 Ponmani makes a fixed deposit of 29747 in abank  for 2 years .If the rate of interest is  4% per annum,find the maturity value.

Answer: 32126.76


SOLUTION 1 :

Given:  

        P        =   29747

        n        =     2 years

       r          =   4%

       A         =    

         I         =   Pnr100

                   =   (29747 x 2 x 4)100

                   =   237976100

                   =    2379.76

       A          =    P + I

                    =  29747 + 2379.76

                    =   32126.76