Self Studies

Basics of Finan...

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  • Question 1
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    Useful life of fixed asset is _________.

  • Question 2
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    John borrowed Rs.1,00,000 at 10 percent per annum simple interest. He immediately lent the whole sum at 10 percent per annum compound interest. At the end of 2 years, he would gain -

  • Question 3
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    Depreciation is the process of:

  • Question 4
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    A sum of money invested at 14%\% per annum amounted to Rs. 10400 in 5 years. Calculate the principal.

  • Question 5
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    Which of the following is correct?

  • Question 6
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    A TV was bought at a price of Rs. 21,000. After one year the value of the TV was depreciated by 5%. (Depreciation means reduction of value due to use and age of the item). Find the value of the TV after one year.

  • Question 7
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    A manufacturer reckons that the value of a machine which costs him Rs. 15025,15025, will depreciate each year by 2020%. Find the estimated value at the end of 55 years.

  • Question 8
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    The time in which Rs.1800Rs.1800 amount to Rs.2178Rs.2178 at 10%10 \% per annum, compounded annually is 

  • Question 9
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    Find the compound interest to the nearest rupee on Rs. 75007500 for 22 years 44 months at 12%12\% per annum reckoned annually.

  • Question 10
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    The price of a scooter is Rs.14000Rs.14000. If it depreciates by 2%2\% of its value at the beginning of each year. Find the sale value after 44 years.

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