Scroll:Life mathematics >> profit and loss >> saq (4310)


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)  

 Imran deposits 575 per month in a post office as R.D. for 2 years. If the rate of interest is 2% , find the amount he will receive at the end of 2 years.

 



Answer:_______________




2)  

 Imran deposits 398 per month in a post office as R.D. for 2 years. If the rate of interest is 3% , find the amount he will receive at the end of 2 years.

 



Answer:_______________




3)  

 Imran deposits 293 per month in a post office as R.D. for 2 years. If the rate of interest is 5% , find the amount he will receive at the end of 2 years.

 



Answer:_______________




4)  

 Imran deposits 600 per month in a post office as R.D. for 2 years. If the rate of interest is 5% , find the amount he will receive at the end of 2 years.

 



Answer:_______________




5)  

 Imran deposits 399 per month in a post office as R.D. for 2 years. If the rate of interest is 2% , find the amount he will receive at the end of 2 years.

 



Answer:_______________




6)  

 Imran deposits 541 per month in a post office as R.D. for 2 years. If the rate of interest is 6% , find the amount he will receive at the end of 2 years.

 



Answer:_______________




7)  

 Imran deposits 342 per month in a post office as R.D. for 2 years. If the rate of interest is 2% , find the amount he will receive at the end of 2 years.

 



Answer:_______________




8)  

 Imran deposits 299 per month in a post office as R.D. for 2 years. If the rate of interest is 4% , find the amount he will receive at the end of 2 years.

 



Answer:_______________




9)  

 Imran deposits 501 per month in a post office as R.D. for 2 years. If the rate of interest is 4% , find the amount he will receive at the end of 2 years.

 



Answer:_______________




10)  

 Imran deposits 371 per month in a post office as R.D. for 2 years. If the rate of interest is 6% , find the amount he will receive at the end of 2 years.

 



Answer:_______________




 

1)  

 Imran deposits 575 per month in a post office as R.D. for 2 years. If the rate of interest is 2% , find the amount he will receive at the end of 2 years.

Answer: 14087.5 



SOLUTION 1 :

Given:

       P             =     575

      n              =  2 years = 24month

      r               =   2%

   For R.D   ,

            N       =   112 x [n(n+1)]/2

                      =   112 x (24 x 25)2

                      =   112 x (6002)

                      =   112 x 300

                      =  25

           I         =   Pnr100

                     =  (575 x 25 x 2)100

                     =   28750100

                    =    287.5

        A         =   (P x n) +I

                   =    (575 x 24) + 287.5

                   =     13800 + 287.5

                   =     14087.5



2)  

 Imran deposits 398 per month in a post office as R.D. for 2 years. If the rate of interest is 3% , find the amount he will receive at the end of 2 years.

Answer: 9850.5 



SOLUTION 1 :

Given:

       P             =     398

      n              =  2 years = 24month

      r               =   3%

   For R.D   ,

            N       =   112 x [n(n+1)]/2

                      =   112 x (24 x 25)2

                      =   112 x (6002)

                      =   112 x 300

                      =  25

           I         =   Pnr100

                     =  (398 x 25 x 3)100

                     =   29850100

                    =    298.5

        A         =   (P x n) +I

                   =    (398 x 24) + 298.5

                   =     9552 + 298.5

                   =     9850.5



3)  

 Imran deposits 293 per month in a post office as R.D. for 2 years. If the rate of interest is 5% , find the amount he will receive at the end of 2 years.

Answer: 7398.25 



SOLUTION 1 :

Given:

       P             =     293

      n              =  2 years = 24month

      r               =   5%

   For R.D   ,

            N       =   112 x [n(n+1)]/2

                      =   112 x (24 x 25)2

                      =   112 x (6002)

                      =   112 x 300

                      =  25

           I         =   Pnr100

                     =  (293 x 25 x 5)100

                     =   36625100

                    =    366.25

        A         =   (P x n) +I

                   =    (293 x 24) + 366.25

                   =     7032 + 366.25

                   =     7398.25



4)  

 Imran deposits 600 per month in a post office as R.D. for 2 years. If the rate of interest is 5% , find the amount he will receive at the end of 2 years.

Answer: 15150 



SOLUTION 1 :

Given:

       P             =     600

      n              =  2 years = 24month

      r               =   5%

   For R.D   ,

            N       =   112 x [n(n+1)]/2

                      =   112 x (24 x 25)2

                      =   112 x (6002)

                      =   112 x 300

                      =  25

           I         =   Pnr100

                     =  (600 x 25 x 5)100

                     =   75000100

                    =    750

        A         =   (P x n) +I

                   =    (600 x 24) + 750

                   =     14400 + 750

                   =     15150



5)  

 Imran deposits 399 per month in a post office as R.D. for 2 years. If the rate of interest is 2% , find the amount he will receive at the end of 2 years.

Answer: 9775.5 



SOLUTION 1 :

Given:

       P             =     399

      n              =  2 years = 24month

      r               =   2%

   For R.D   ,

            N       =   112 x [n(n+1)]/2

                      =   112 x (24 x 25)2

                      =   112 x (6002)

                      =   112 x 300

                      =  25

           I         =   Pnr100

                     =  (399 x 25 x 2)100

                     =   19950100

                    =    199.5

        A         =   (P x n) +I

                   =    (399 x 24) + 199.5

                   =     9576 + 199.5

                   =     9775.5



6)  

 Imran deposits 541 per month in a post office as R.D. for 2 years. If the rate of interest is 6% , find the amount he will receive at the end of 2 years.

Answer: 13795.5 



SOLUTION 1 :

Given:

       P             =     541

      n              =  2 years = 24month

      r               =   6%

   For R.D   ,

            N       =   112 x [n(n+1)]/2

                      =   112 x (24 x 25)2

                      =   112 x (6002)

                      =   112 x 300

                      =  25

           I         =   Pnr100

                     =  (541 x 25 x 6)100

                     =   81150100

                    =    811.5

        A         =   (P x n) +I

                   =    (541 x 24) + 811.5

                   =     12984 + 811.5

                   =     13795.5



7)  

 Imran deposits 342 per month in a post office as R.D. for 2 years. If the rate of interest is 2% , find the amount he will receive at the end of 2 years.

Answer: 8379 



SOLUTION 1 :

Given:

       P             =     342

      n              =  2 years = 24month

      r               =   2%

   For R.D   ,

            N       =   112 x [n(n+1)]/2

                      =   112 x (24 x 25)2

                      =   112 x (6002)

                      =   112 x 300

                      =  25

           I         =   Pnr100

                     =  (342 x 25 x 2)100

                     =   17100100

                    =    171

        A         =   (P x n) +I

                   =    (342 x 24) + 171

                   =     8208 + 171

                   =     8379



8)  

 Imran deposits 299 per month in a post office as R.D. for 2 years. If the rate of interest is 4% , find the amount he will receive at the end of 2 years.

Answer: 7475 



SOLUTION 1 :

Given:

       P             =     299

      n              =  2 years = 24month

      r               =   4%

   For R.D   ,

            N       =   112 x [n(n+1)]/2

                      =   112 x (24 x 25)2

                      =   112 x (6002)

                      =   112 x 300

                      =  25

           I         =   Pnr100

                     =  (299 x 25 x 4)100

                     =   29900100

                    =    299

        A         =   (P x n) +I

                   =    (299 x 24) + 299

                   =     7176 + 299

                   =     7475



9)  

 Imran deposits 501 per month in a post office as R.D. for 2 years. If the rate of interest is 4% , find the amount he will receive at the end of 2 years.

Answer: 12525 



SOLUTION 1 :

Given:

       P             =     501

      n              =  2 years = 24month

      r               =   4%

   For R.D   ,

            N       =   112 x [n(n+1)]/2

                      =   112 x (24 x 25)2

                      =   112 x (6002)

                      =   112 x 300

                      =  25

           I         =   Pnr100

                     =  (501 x 25 x 4)100

                     =   50100100

                    =    501

        A         =   (P x n) +I

                   =    (501 x 24) + 501

                   =     12024 + 501

                   =     12525



10)  

 Imran deposits 371 per month in a post office as R.D. for 2 years. If the rate of interest is 6% , find the amount he will receive at the end of 2 years.

Answer: 9460.5 



SOLUTION 1 :

Given:

       P             =     371

      n              =  2 years = 24month

      r               =   6%

   For R.D   ,

            N       =   112 x [n(n+1)]/2

                      =   112 x (24 x 25)2

                      =   112 x (6002)

                      =   112 x 300

                      =  25

           I         =   Pnr100

                     =  (371 x 25 x 6)100

                     =   55650100

                    =    556.5

        A         =   (P x n) +I

                   =    (371 x 24) + 556.5

                   =     8904 + 556.5

                   =     9460.5