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) Imran deposits 386 per month in a post office as R.D. for 2 years. If the rate of interest is 5% , find the amount he will receive at the end of 2 years.
Answer:_______________ |
2) Imran deposits 219 per month in a post office as R.D. for 2 years. If the rate of interest is 6% , find the amount he will receive at the end of 2 years.
Answer:_______________ |
3) Imran deposits 283 per month in a post office as R.D. for 2 years. If the rate of interest is 5% , find the amount he will receive at the end of 2 years.
Answer:_______________ |
4) Imran deposits 225 per month in a post office as R.D. for 2 years. If the rate of interest is 5% , find the amount he will receive at the end of 2 years.
Answer:_______________ |
5) Imran deposits 392 per month in a post office as R.D. for 2 years. If the rate of interest is 5% , find the amount he will receive at the end of 2 years.
Answer:_______________ |
6) Imran deposits 305 per month in a post office as R.D. for 2 years. If the rate of interest is 5% , find the amount he will receive at the end of 2 years.
Answer:_______________ |
7) Imran deposits 303 per month in a post office as R.D. for 2 years. If the rate of interest is 2% , find the amount he will receive at the end of 2 years.
Answer:_______________ |
8) Imran deposits 406 per month in a post office as R.D. for 2 years. If the rate of interest is 3% , find the amount he will receive at the end of 2 years.
Answer:_______________ |
9) Imran deposits 518 per month in a post office as R.D. for 2 years. If the rate of interest is 4% , find the amount he will receive at the end of 2 years.
Answer:_______________ |
10) Imran deposits 595 per month in a post office as R.D. for 2 years. If the rate of interest is 5% , find the amount he will receive at the end of 2 years.
Answer:_______________ |
1) Imran deposits 386 per month in a post office as R.D. for 2 years. If the rate of interest is 5% , find the amount he will receive at the end of 2 years. Answer: 9746.5 SOLUTION 1 : Given: P = 386 n = 2 years = 24month r = 5% For R.D , N = x [n(n+1)]/2 = x (24 x = x = x 300 = 25 I = = (386 x 25 x = = 482.5 A = (P x n) +I = (386 x 24) + 482.5 = 9264 + 482.5 = 9746.5 |
2) Imran deposits 219 per month in a post office as R.D. for 2 years. If the rate of interest is 6% , find the amount he will receive at the end of 2 years. Answer: 5584.5 SOLUTION 1 : Given: P = 219 n = 2 years = 24month r = 6% For R.D , N = x [n(n+1)]/2 = x (24 x = x = x 300 = 25 I = = (219 x 25 x = = 328.5 A = (P x n) +I = (219 x 24) + 328.5 = 5256 + 328.5 = 5584.5 |
3) Imran deposits 283 per month in a post office as R.D. for 2 years. If the rate of interest is 5% , find the amount he will receive at the end of 2 years. Answer: 7145.75 SOLUTION 1 : Given: P = 283 n = 2 years = 24month r = 5% For R.D , N = x [n(n+1)]/2 = x (24 x = x = x 300 = 25 I = = (283 x 25 x = = 353.75 A = (P x n) +I = (283 x 24) + 353.75 = 6792 + 353.75 = 7145.75 |
4) Imran deposits 225 per month in a post office as R.D. for 2 years. If the rate of interest is 5% , find the amount he will receive at the end of 2 years. Answer: 5681.25 SOLUTION 1 : Given: P = 225 n = 2 years = 24month r = 5% For R.D , N = x [n(n+1)]/2 = x (24 x = x = x 300 = 25 I = = (225 x 25 x = = 281.25 A = (P x n) +I = (225 x 24) + 281.25 = 5400 + 281.25 = 5681.25 |
5) Imran deposits 392 per month in a post office as R.D. for 2 years. If the rate of interest is 5% , find the amount he will receive at the end of 2 years. Answer: 9898 SOLUTION 1 : Given: P = 392 n = 2 years = 24month r = 5% For R.D , N = x [n(n+1)]/2 = x (24 x = x = x 300 = 25 I = = (392 x 25 x = = 490 A = (P x n) +I = (392 x 24) + 490 = 9408 + 490 = 9898 |
6) Imran deposits 305 per month in a post office as R.D. for 2 years. If the rate of interest is 5% , find the amount he will receive at the end of 2 years. Answer: 7701.25 SOLUTION 1 : Given: P = 305 n = 2 years = 24month r = 5% For R.D , N = x [n(n+1)]/2 = x (24 x = x = x 300 = 25 I = = (305 x 25 x = = 381.25 A = (P x n) +I = (305 x 24) + 381.25 = 7320 + 381.25 = 7701.25 |
7) Imran deposits 303 per month in a post office as R.D. for 2 years. If the rate of interest is 2% , find the amount he will receive at the end of 2 years. Answer: 7423.5 SOLUTION 1 : Given: P = 303 n = 2 years = 24month r = 2% For R.D , N = x [n(n+1)]/2 = x (24 x = x = x 300 = 25 I = = (303 x 25 x = = 151.5 A = (P x n) +I = (303 x 24) + 151.5 = 7272 + 151.5 = 7423.5 |
8) Imran deposits 406 per month in a post office as R.D. for 2 years. If the rate of interest is 3% , find the amount he will receive at the end of 2 years. Answer: 10048.5 SOLUTION 1 : Given: P = 406 n = 2 years = 24month r = 3% For R.D , N = x [n(n+1)]/2 = x (24 x = x = x 300 = 25 I = = (406 x 25 x = = 304.5 A = (P x n) +I = (406 x 24) + 304.5 = 9744 + 304.5 = 10048.5 |
9) Imran deposits 518 per month in a post office as R.D. for 2 years. If the rate of interest is 4% , find the amount he will receive at the end of 2 years. Answer: 12950 SOLUTION 1 : Given: P = 518 n = 2 years = 24month r = 4% For R.D , N = x [n(n+1)]/2 = x (24 x = x = x 300 = 25 I = = (518 x 25 x = = 518 A = (P x n) +I = (518 x 24) + 518 = 12432 + 518 = 12950 |
10) Imran deposits 595 per month in a post office as R.D. for 2 years. If the rate of interest is 5% , find the amount he will receive at the end of 2 years. Answer: 15023.75 SOLUTION 1 : Given: P = 595 n = 2 years = 24month r = 5% For R.D , N = x [n(n+1)]/2 = x (24 x = x = x 300 = 25 I = = (595 x 25 x = = 743.75 A = (P x n) +I = (595 x 24) + 743.75 = 14280 + 743.75 = 15023.75 |