Tag: business mathematics and statistics
Questions Related to business mathematics and statistics
A man borrows Rs. $ 30000$ at $12 \%$ per annum compound interest from a bank and promises to pay off the loans in $20$ annual instalments beginning at the end of the first year . What is the annual payment necessary?
A person borrowed some money and returned it in 3 equal quarterly instalments of Rs 4630.50 each. What sum (approximately) did he borrow if the rate of interest was 20 % per annum.compounded quarterly?
A person takes a loan on compound interest and returns it in $2$ equal installments . If the rate of interest is $10$% per annum and the yearly installment is Rs $1682$. Find the interest charged with second installment.
A person takes a loan on compound interest and returns it in $2$ equal installments . If the rate of interest is $10$% per annum and the yearly installment is Rs $1682$. Find the principal (approximately).
A sinking fund is created for the redemption of debentures of Rs 10,000 at the end of 25 years. How much money should be provided out of profits each year for the sinking fund if the investment can earn interest at the rate 4% per annum?
A person takes a loan on compound interest and returns it in $2$ equal installments . If the rate of interest is $10$% per annum and the yearly installment is Rs $1682$. Find the interest charged (approximately) with first installment.
Which of the following is not an example of annuity certain ?
A man borrowed some money and paid back in 3 equal instalments of Rs 2160 each. What sum did he borrow if the rate of interest charged was 20 % p.a .compounded annually?
Mr Dev purchased a car paying Rs $90,000$ and promising to pay Rs 5000 every 3 months for the next 10 years. The interest is $6$% p.a. compounded quarterly. What is the cash value (approximately) of the car ?