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 37573 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 29230 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 24583 in abank  for 2 years .If the rate of interest is  4% per annum,find the maturity value.


Answer:_______________




4)  

 Ponmani makes a fixed deposit of 34406 in abank  for 2 years .If the rate of interest is  3% per annum,find the maturity value.


Answer:_______________




5)  

 Ponmani makes a fixed deposit of 22248 in abank  for 2 years .If the rate of interest is  6% per annum,find the maturity value.


Answer:_______________




6)  

 Ponmani makes a fixed deposit of 26229 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 36009 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 33880 in abank  for 2 years .If the rate of interest is  2% per annum,find the maturity value.


Answer:_______________




9)  

 Ponmani makes a fixed deposit of 28639 in abank  for 2 years .If the rate of interest is  4% per annum,find the maturity value.


Answer:_______________




10)  

 Ponmani makes a fixed deposit of 38427 in abank  for 2 years .If the rate of interest is  5% per annum,find the maturity value.


Answer:_______________




 

1)  

 Ponmani makes a fixed deposit of 37573 in abank  for 2 years .If the rate of interest is  6% per annum,find the maturity value.

Answer: 42081.76


SOLUTION 1 :

Given:  

        P        =   37573

        n        =     2 years

       r          =   6%

       A         =    

         I         =   Pnr100

                   =   (37573 x 2 x 6)100

                   =   450876100

                   =    4508.76

       A          =    P + I

                    =  37573 + 4508.76

                    =   42081.76



2)  

 Ponmani makes a fixed deposit of 29230 in abank  for 2 years .If the rate of interest is  4% per annum,find the maturity value.

Answer: 31568.4


SOLUTION 1 :

Given:  

        P        =   29230

        n        =     2 years

       r          =   4%

       A         =    

         I         =   Pnr100

                   =   (29230 x 2 x 4)100

                   =   233840100

                   =    2338.4

       A          =    P + I

                    =  29230 + 2338.4

                    =   31568.4



3)  

 Ponmani makes a fixed deposit of 24583 in abank  for 2 years .If the rate of interest is  4% per annum,find the maturity value.

Answer: 26549.64


SOLUTION 1 :

Given:  

        P        =   24583

        n        =     2 years

       r          =   4%

       A         =    

         I         =   Pnr100

                   =   (24583 x 2 x 4)100

                   =   196664100

                   =    1966.64

       A          =    P + I

                    =  24583 + 1966.64

                    =   26549.64



4)  

 Ponmani makes a fixed deposit of 34406 in abank  for 2 years .If the rate of interest is  3% per annum,find the maturity value.

Answer: 36470.36


SOLUTION 1 :

Given:  

        P        =   34406

        n        =     2 years

       r          =   3%

       A         =    

         I         =   Pnr100

                   =   (34406 x 2 x 3)100

                   =   206436100

                   =    2064.36

       A          =    P + I

                    =  34406 + 2064.36

                    =   36470.36



5)  

 Ponmani makes a fixed deposit of 22248 in abank  for 2 years .If the rate of interest is  6% per annum,find the maturity value.

Answer: 24917.76


SOLUTION 1 :

Given:  

        P        =   22248

        n        =     2 years

       r          =   6%

       A         =    

         I         =   Pnr100

                   =   (22248 x 2 x 6)100

                   =   266976100

                   =    2669.76

       A          =    P + I

                    =  22248 + 2669.76

                    =   24917.76



6)  

 Ponmani makes a fixed deposit of 26229 in abank  for 2 years .If the rate of interest is  5% per annum,find the maturity value.

Answer: 28851.9


SOLUTION 1 :

Given:  

        P        =   26229

        n        =     2 years

       r          =   5%

       A         =    

         I         =   Pnr100

                   =   (26229 x 2 x 5)100

                   =   262290100

                   =    2622.9

       A          =    P + I

                    =  26229 + 2622.9

                    =   28851.9



7)  

 Ponmani makes a fixed deposit of 36009 in abank  for 2 years .If the rate of interest is  6% per annum,find the maturity value.

Answer: 40330.08


SOLUTION 1 :

Given:  

        P        =   36009

        n        =     2 years

       r          =   6%

       A         =    

         I         =   Pnr100

                   =   (36009 x 2 x 6)100

                   =   432108100

                   =    4321.08

       A          =    P + I

                    =  36009 + 4321.08

                    =   40330.08



8)  

 Ponmani makes a fixed deposit of 33880 in abank  for 2 years .If the rate of interest is  2% per annum,find the maturity value.

Answer: 35235.2


SOLUTION 1 :

Given:  

        P        =   33880

        n        =     2 years

       r          =   2%

       A         =    

         I         =   Pnr100

                   =   (33880 x 2 x 2)100

                   =   135520100

                   =    1355.2

       A          =    P + I

                    =  33880 + 1355.2

                    =   35235.2



9)  

 Ponmani makes a fixed deposit of 28639 in abank  for 2 years .If the rate of interest is  4% per annum,find the maturity value.

Answer: 30930.12


SOLUTION 1 :

Given:  

        P        =   28639

        n        =     2 years

       r          =   4%

       A         =    

         I         =   Pnr100

                   =   (28639 x 2 x 4)100

                   =   229112100

                   =    2291.12

       A          =    P + I

                    =  28639 + 2291.12

                    =   30930.12



10)  

 Ponmani makes a fixed deposit of 38427 in abank  for 2 years .If the rate of interest is  5% per annum,find the maturity value.

Answer: 42269.7


SOLUTION 1 :

Given:  

        P        =   38427

        n        =     2 years

       r          =   5%

       A         =    

         I         =   Pnr100

                   =   (38427 x 2 x 5)100

                   =   384270100

                   =    3842.7

       A          =    P + I

                    =  38427 + 3842.7

                    =   42269.7