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11. What annual payment will discharge a debt of Rs 440 due in 5 years, the rate of interest being 5% per annum?
  A.  Rs. 80
  B.  Rs. 85
  C.  Rs. 70
  D.  Rs. 75
     
   
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12. What quarterly payment will discharge a debt of Rs 2280 due in two years at 16% per annum S.I?
  A.  Rs. 260
  B.  Rs. 250
  C.  Rs. 240
  D.  Rs. 280
     
   
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13. A sum of Rs 6620 is to be paid back in 3 equal annual instalments. How much is each instalment if the interest is compounded annually at 10% per annum?
  A.  Rs. 2761
  B.  Rs. 2662
  C.  Rs. 2852
  D.  Rs. 2562
     
   
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14. A man borrowed some money and paid back in 3 equal annual instalments of Rs 1080 each. What sum did he borrow, if the rate of interest charged by the money lender was 20% per annum compounded annually?
  A.  Rs. 2275
  B.  Rs. 2165
  C.  Rs. 2425
  D.  Rs. 2685
     
   
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15. A man borrowed some money and paid back in 3 equal annual instalments of Rs 1080 each. Find the total interest charged, if the rate of interest charged by the money lender was 20% per annum compounded annually?
  A.  Rs. 975
  B.  Rs. 965
  C.  Rs. 985
  D.  Rs. 945
     
   
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16. A man borrowed some money and paid back in 3 equal annual instalments of Rs 1080 each. Calculate the interest charged with each instalment, if the rate of interest charged by the money lender was 20% per annum compounded annually?
  A.  1st Installment Interest: Rs. 180; 2nd Installment Interest: Rs. 330; 3rd installment Interest: Rs. 455
  B.  1st Installment Interest: Rs. 190; 2nd Installment Interest: Rs. 320; 3rd installment Interest: Rs. 455
  C.  1st Installment Interest: Rs. 170; 2nd Installment Interest: Rs. 325; 3rd installment Interest: Rs. 450
  D.  1st Installment Interest: Rs. 160; 2nd Installment Interest: Rs. 340; 3rd installment Interest: Rs. 465
     
   
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17. A man borrowed some money and paid back in 3 equal annual instalments of Rs 1080 each. Calculate the principal with each instalment, if the rate of interest charged by the money lender was 20% per annum compounded annually?
  A.  Principal for 1st Yr: Rs. 850; Principal for 2nd yr: Rs. 740; Principal for 3rd yr: Rs. 685
  B.  Principal for 1st Yr: Rs. 950; Principal for 2nd yr: Rs. 720; Principal for 3rd yr: Rs. 605
  C.  Principal for 1st Yr: Rs. 840; Principal for 2nd yr: Rs. 780; Principal for 3rd yr: Rs. 675
  D.  Principal for 1st Yr: Rs. 900; Principal for 2nd yr: Rs. 750; Principal for 3rd yr: Rs. 625
     
   
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18. A sum of Rs 3000 to to be paid back in 3 annual installments. How much is each instalment, if the interest is compounded annually on the balance at 4% and is to be included in each instalment..
  A.  Amount payable at the end of 1st yr: Rs. 1100; Amount payable at the end of 2nd yr: Rs. 1090; Amount payable at the end of 3rd yr: Rs. 1050
  B.  Amount payable at the end of 1st yr: Rs. 1140; Amount payable at the end of 2nd yr: Rs. 1070; Amount payable at the end of 3rd yr: Rs. 1030
  C.  Amount payable at the end of 1st yr: Rs. 1120; Amount payable at the end of 2nd yr: Rs. 1080; Amount payable at the end of 3rd yr: Rs. 1040
  D.  Amount payable at the end of 1st yr: Rs. 1160; Amount payable at the end of 2nd yr: Rs. 1060; Amount payable at the end of 3rd yr: Rs. 1020
     
   
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19. A loan of Rs 6,000 is to be paid back in 6 annual instalments. How much is each instalment if the interest is compounded annually on the balance at 5% and is included in each instalment?
  A.  Amount payable at the end of 1st yr: Rs. 1320; At the end of 2nd yr: Rs. 1240; at the end of 3rd yr: Rs. 1190; at the end of 1st yr: Rs 1140; at the end of 2nd yr: Rs. 1090; at the end of 3rd yr: Rs. 1040
  B.  Amount payable at the end of 1st yr: Rs. 1300; At the end of 2nd yr: Rs. 1250; at the end of 3rd yr: Rs. 1200; at the end of 1st yr: Rs. 1150; at the end of 2nd yr: Rs. 1100; at the end of 3rd yr: Rs. 1050
  C.  Amount payable at the end of 1st yr: Rs. 1340; At the end of 2nd yr: Rs. 1245; at the end of 3rd yr: Rs. 1205; at the end of 1st yr: Rs. 1150; at the end of 2nd yr: Rs. 1095; at the end of 3rd yr: Rs. 1045
  D.  Amount payable at the end of 1st yr: Rs. 1280; At the end of 2nd yr: Rs. 1255; at the end of 3rd yr: Rs. 1205; at the end of 1st yr: Rs. 1155; at the end of 2nd yr: Rs. 1105; at the end of 3rd yr: Rs. 1055
     
   
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20. Sumit purchased a R.O on the terms that he is required to pay Rs 3000 cash down payment followed by Rs 1020 at the end of first year, Rs 1003 at the end of second yar and Rs 990 at the end of third year. Interest is charged at the rate of 10% per annum. Calculate the cash price and the total interest charged.
  A.  Cash price of R.O: Rs. 5500; Total interest charged: Rs. 513
  B.  Cash price of R.O: Rs. 5600; Total interest charged: Rs. 413
  C.  Cash price of R.O: Rs. 5400; Total interest charged: Rs. 613
  D.  Cash price of R.O: Rs. 5550; Total interest charged: Rs. 463
     
   
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