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 30601 in abank  for 2 years .If the rate of interest is  2% per annum,find the maturity value.


Answer:_______________




2)  

 Ponmani makes a fixed deposit of 29898 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 26930 in abank  for 2 years .If the rate of interest is  3% per annum,find the maturity value.


Answer:_______________




4)  

 Ponmani makes a fixed deposit of 28636 in abank  for 2 years .If the rate of interest is  5% per annum,find the maturity value.


Answer:_______________




5)  

 Ponmani makes a fixed deposit of 25736 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 35922 in abank  for 2 years .If the rate of interest is  3% per annum,find the maturity value.


Answer:_______________




7)  

 Ponmani makes a fixed deposit of 37353 in abank  for 2 years .If the rate of interest is  2% per annum,find the maturity value.


Answer:_______________




8)  

 Ponmani makes a fixed deposit of 24663 in abank  for 2 years .If the rate of interest is  4% per annum,find the maturity value.


Answer:_______________




9)  

 Ponmani makes a fixed deposit of 35515 in abank  for 2 years .If the rate of interest is  3% per annum,find the maturity value.


Answer:_______________




10)  

 Ponmani makes a fixed deposit of 37308 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 30601 in abank  for 2 years .If the rate of interest is  2% per annum,find the maturity value.

Answer: 31825.04


SOLUTION 1 :

Given:  

        P        =   30601

        n        =     2 years

       r          =   2%

       A         =    

         I         =   Pnr100

                   =   (30601 x 2 x 2)100

                   =   122404100

                   =    1224.04

       A          =    P + I

                    =  30601 + 1224.04

                    =   31825.04



2)  

 Ponmani makes a fixed deposit of 29898 in abank  for 2 years .If the rate of interest is  4% per annum,find the maturity value.

Answer: 32289.84


SOLUTION 1 :

Given:  

        P        =   29898

        n        =     2 years

       r          =   4%

       A         =    

         I         =   Pnr100

                   =   (29898 x 2 x 4)100

                   =   239184100

                   =    2391.84

       A          =    P + I

                    =  29898 + 2391.84

                    =   32289.84



3)  

 Ponmani makes a fixed deposit of 26930 in abank  for 2 years .If the rate of interest is  3% per annum,find the maturity value.

Answer: 28545.8


SOLUTION 1 :

Given:  

        P        =   26930

        n        =     2 years

       r          =   3%

       A         =    

         I         =   Pnr100

                   =   (26930 x 2 x 3)100

                   =   161580100

                   =    1615.8

       A          =    P + I

                    =  26930 + 1615.8

                    =   28545.8



4)  

 Ponmani makes a fixed deposit of 28636 in abank  for 2 years .If the rate of interest is  5% per annum,find the maturity value.

Answer: 31499.6


SOLUTION 1 :

Given:  

        P        =   28636

        n        =     2 years

       r          =   5%

       A         =    

         I         =   Pnr100

                   =   (28636 x 2 x 5)100

                   =   286360100

                   =    2863.6

       A          =    P + I

                    =  28636 + 2863.6

                    =   31499.6



5)  

 Ponmani makes a fixed deposit of 25736 in abank  for 2 years .If the rate of interest is  3% per annum,find the maturity value.

Answer: 27280.16


SOLUTION 1 :

Given:  

        P        =   25736

        n        =     2 years

       r          =   3%

       A         =    

         I         =   Pnr100

                   =   (25736 x 2 x 3)100

                   =   154416100

                   =    1544.16

       A          =    P + I

                    =  25736 + 1544.16

                    =   27280.16



6)  

 Ponmani makes a fixed deposit of 35922 in abank  for 2 years .If the rate of interest is  3% per annum,find the maturity value.

Answer: 38077.32


SOLUTION 1 :

Given:  

        P        =   35922

        n        =     2 years

       r          =   3%

       A         =    

         I         =   Pnr100

                   =   (35922 x 2 x 3)100

                   =   215532100

                   =    2155.32

       A          =    P + I

                    =  35922 + 2155.32

                    =   38077.32



7)  

 Ponmani makes a fixed deposit of 37353 in abank  for 2 years .If the rate of interest is  2% per annum,find the maturity value.

Answer: 38847.12


SOLUTION 1 :

Given:  

        P        =   37353

        n        =     2 years

       r          =   2%

       A         =    

         I         =   Pnr100

                   =   (37353 x 2 x 2)100

                   =   149412100

                   =    1494.12

       A          =    P + I

                    =  37353 + 1494.12

                    =   38847.12



8)  

 Ponmani makes a fixed deposit of 24663 in abank  for 2 years .If the rate of interest is  4% per annum,find the maturity value.

Answer: 26636.04


SOLUTION 1 :

Given:  

        P        =   24663

        n        =     2 years

       r          =   4%

       A         =    

         I         =   Pnr100

                   =   (24663 x 2 x 4)100

                   =   197304100

                   =    1973.04

       A          =    P + I

                    =  24663 + 1973.04

                    =   26636.04



9)  

 Ponmani makes a fixed deposit of 35515 in abank  for 2 years .If the rate of interest is  3% per annum,find the maturity value.

Answer: 37645.9


SOLUTION 1 :

Given:  

        P        =   35515

        n        =     2 years

       r          =   3%

       A         =    

         I         =   Pnr100

                   =   (35515 x 2 x 3)100

                   =   213090100

                   =    2130.9

       A          =    P + I

                    =  35515 + 2130.9

                    =   37645.9



10)  

 Ponmani makes a fixed deposit of 37308 in abank  for 2 years .If the rate of interest is  4% per annum,find the maturity value.

Answer: 40292.64


SOLUTION 1 :

Given:  

        P        =   37308

        n        =     2 years

       r          =   4%

       A         =    

         I         =   Pnr100

                   =   (37308 x 2 x 4)100

                   =   298464100

                   =    2984.64

       A          =    P + I

                    =  37308 + 2984.64

                    =   40292.64