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 26510 in abank  for 2 years .If the rate of interest is  4% per annum,find the maturity value.


Answer:_______________




2)  

 Ponmani makes a fixed deposit of 21288 in abank  for 2 years .If the rate of interest is  6% per annum,find the maturity value.


Answer:_______________




3)  

 Ponmani makes a fixed deposit of 20278 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 27501 in abank  for 2 years .If the rate of interest is  4% per annum,find the maturity value.


Answer:_______________




5)  

 Ponmani makes a fixed deposit of 28756 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 30351 in abank  for 2 years .If the rate of interest is  4% per annum,find the maturity value.


Answer:_______________




7)  

 Ponmani makes a fixed deposit of 37602 in abank  for 2 years .If the rate of interest is  4% per annum,find the maturity value.


Answer:_______________




8)  

 Ponmani makes a fixed deposit of 33475 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 32604 in abank  for 2 years .If the rate of interest is  2% per annum,find the maturity value.


Answer:_______________




10)  

 Ponmani makes a fixed deposit of 28335 in abank  for 2 years .If the rate of interest is  6% per annum,find the maturity value.


Answer:_______________




 

1)  

 Ponmani makes a fixed deposit of 26510 in abank  for 2 years .If the rate of interest is  4% per annum,find the maturity value.

Answer: 28630.8


SOLUTION 1 :

Given:  

        P        =   26510

        n        =     2 years

       r          =   4%

       A         =    

         I         =   Pnr100

                   =   (26510 x 2 x 4)100

                   =   212080100

                   =    2120.8

       A          =    P + I

                    =  26510 + 2120.8

                    =   28630.8



2)  

 Ponmani makes a fixed deposit of 21288 in abank  for 2 years .If the rate of interest is  6% per annum,find the maturity value.

Answer: 23842.56


SOLUTION 1 :

Given:  

        P        =   21288

        n        =     2 years

       r          =   6%

       A         =    

         I         =   Pnr100

                   =   (21288 x 2 x 6)100

                   =   255456100

                   =    2554.56

       A          =    P + I

                    =  21288 + 2554.56

                    =   23842.56



3)  

 Ponmani makes a fixed deposit of 20278 in abank  for 2 years .If the rate of interest is  4% per annum,find the maturity value.

Answer: 21900.24


SOLUTION 1 :

Given:  

        P        =   20278

        n        =     2 years

       r          =   4%

       A         =    

         I         =   Pnr100

                   =   (20278 x 2 x 4)100

                   =   162224100

                   =    1622.24

       A          =    P + I

                    =  20278 + 1622.24

                    =   21900.24



4)  

 Ponmani makes a fixed deposit of 27501 in abank  for 2 years .If the rate of interest is  4% per annum,find the maturity value.

Answer: 29701.08


SOLUTION 1 :

Given:  

        P        =   27501

        n        =     2 years

       r          =   4%

       A         =    

         I         =   Pnr100

                   =   (27501 x 2 x 4)100

                   =   220008100

                   =    2200.08

       A          =    P + I

                    =  27501 + 2200.08

                    =   29701.08



5)  

 Ponmani makes a fixed deposit of 28756 in abank  for 2 years .If the rate of interest is  3% per annum,find the maturity value.

Answer: 30481.36


SOLUTION 1 :

Given:  

        P        =   28756

        n        =     2 years

       r          =   3%

       A         =    

         I         =   Pnr100

                   =   (28756 x 2 x 3)100

                   =   172536100

                   =    1725.36

       A          =    P + I

                    =  28756 + 1725.36

                    =   30481.36



6)  

 Ponmani makes a fixed deposit of 30351 in abank  for 2 years .If the rate of interest is  4% per annum,find the maturity value.

Answer: 32779.08


SOLUTION 1 :

Given:  

        P        =   30351

        n        =     2 years

       r          =   4%

       A         =    

         I         =   Pnr100

                   =   (30351 x 2 x 4)100

                   =   242808100

                   =    2428.08

       A          =    P + I

                    =  30351 + 2428.08

                    =   32779.08



7)  

 Ponmani makes a fixed deposit of 37602 in abank  for 2 years .If the rate of interest is  4% per annum,find the maturity value.

Answer: 40610.16


SOLUTION 1 :

Given:  

        P        =   37602

        n        =     2 years

       r          =   4%

       A         =    

         I         =   Pnr100

                   =   (37602 x 2 x 4)100

                   =   300816100

                   =    3008.16

       A          =    P + I

                    =  37602 + 3008.16

                    =   40610.16



8)  

 Ponmani makes a fixed deposit of 33475 in abank  for 2 years .If the rate of interest is  4% per annum,find the maturity value.

Answer: 36153


SOLUTION 1 :

Given:  

        P        =   33475

        n        =     2 years

       r          =   4%

       A         =    

         I         =   Pnr100

                   =   (33475 x 2 x 4)100

                   =   267800100

                   =    2678

       A          =    P + I

                    =  33475 + 2678

                    =   36153



9)  

 Ponmani makes a fixed deposit of 32604 in abank  for 2 years .If the rate of interest is  2% per annum,find the maturity value.

Answer: 33908.16


SOLUTION 1 :

Given:  

        P        =   32604

        n        =     2 years

       r          =   2%

       A         =    

         I         =   Pnr100

                   =   (32604 x 2 x 2)100

                   =   130416100

                   =    1304.16

       A          =    P + I

                    =  32604 + 1304.16

                    =   33908.16



10)  

 Ponmani makes a fixed deposit of 28335 in abank  for 2 years .If the rate of interest is  6% per annum,find the maturity value.

Answer: 31735.2


SOLUTION 1 :

Given:  

        P        =   28335

        n        =     2 years

       r          =   6%

       A         =    

         I         =   Pnr100

                   =   (28335 x 2 x 6)100

                   =   340020100

                   =    3400.2

       A          =    P + I

                    =  28335 + 3400.2

                    =   31735.2