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CA SUMIT ARORA CLASSES RC Assessment Program (RCAP), FOUNDATION WEEKLY TEST, , (1), , [2], , 3], , (4), , RCAP MARKS: 20 DURATION:25 MINUTES, {Each question carries 1 mark, with a negative marking of 0,25 on a wrong answer), , , , Find the present value of an annuity of Rs. 1,000 payable at the end of each year for 10 years. If rate of, interest is 6% compounding per annum (given (1.06) * = 0.5584) :, , (a) Rs. 7,360, (b) Rs. 8,360, (c) Rs. 12,000, , (d) None of these., , If the simple interest on a sum of money at 12% p.a. for two years is Rs. 3.600. The compound interest, on the same sum for two years at the same rate is :, , {a} Rs. 3.816, (b) Rs. 3,806, {c) Rs. 3,861, (d) Rs. 3.860, , The future value of an annuity of Rs. 5,000 is made annually for 8 years at interest rate of 9%, compounded annually [Given that (1.09)* = 1.99256] is, , (a) Rs. 55,142.22, (b) Rs, 65,142.22, (c) Rs. 65,532.22, , (d)Rs. 57,425.22, , The effective annual rate of Interest corresponding to nominal rate 6% p.a. payable half yearly is, , (a) 6.06%, (b) 6.07%, (c) 6.08%, (d) 6.09%, Sone

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CA SUMIT ARORA CLASSES RC Assessment Program (RCAP), , [5], , [6], , The cost of Machinery is Rs. 1,25,000/- If its useful life is estimated to be 20 years and the rate of, depreciation of its cost is 10% p.a., then the scrap value of the Machinery is, , [given that (0.9)*°= 0.1215], (a) 15,187, (b) 15,400, (c) 15,300, , (d) 15,250, , Mr. X invests 'P' amount at Simple Interest rate 10% and Mr. ¥ invests 'Q’ amount at Compound, Interest rate 5% compounded annually. At the end of two years both get the same amount of interest,, then the relation between two amounts P and Qis given by:, , nd, (a) P= 20, , 12, (b) p= +, , 419, (c) P=, , 280, (a) p= 42, , [7] If the difference of $.1 and C.1 is Rs. 72 at 12% for 2 years. Calculate the amount., , (3), , (a) 8,000, (b) 6,000, (c) 5,000, (d) 7,750, , If a simple interest on a sum of money at 6% p.a. for 7 years Is equal to twice of simple Interest on, another sum for 9 years at 5% p.a.. The ratio will be ;, , (a) 2:15, (b) 7:15, (c) 15:7, (d)1:7, Sone, , Mae he Wiese

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CA SUMIT ARORA CLASSES RC Assessment Program (RCAP), , (9), , [10], , (11), , [12], , By mistake a Clerk, calculated the simple interest on principal for 5 months at 6.5% p.a. instead of 6, months at 5.5% p.a. If the error in calculation was Rs. 25.40.The original sum of principal was, ‘, , {a} Rs. 60,690, (b) Rs. 60,960, (c) Rs. 96,660, , (d) Rs. 90.690, , If the Simple Interest on 1,400 for 3 years is less than the simple Interest on Rs. 1,800 for the same, period by Rs. 80. then the rate of interest is, , (a) 5.67%, (b) 6.67%, (c) 7.20%, , (d) 5.00%, , Nominal rate of interest is 9.9% p.a. If interest is Compounded monthly, What will be the effective rate, of interest, , (given(2) = 1.1036 (approx))?, (a) 10.36%, (b) 9.36%, (c) 11.36%, , (d) 9.9%, , The S.1.4 ona sum of money is Sof the principal and the no. of years is equal to the rate of interest per, annum. Find the rate of interest per annum ?, , (a) 5%, (b) 20/3%, (c) 22/7%, , (d) 6%, , Soe Paget, Mae he Wiese

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CA SUMIT ARORA CLASSES RC Assessment Program (RCAP), [13] Simple interest on Rs. 2,000 for 5 months at 16% p.a. is. ;, , {a) Rs. 133.33, (b) Rs, 133.26, (c) Rs. 134.00, , (d) 2 132.09, , [14] How much Investment is required to yield an Annual incomes of Rs. 420 at 7% p.a. Simple interest., {a} Rs. 6,000, (b) Rs. 6,420, {c) Rs. 5,580, , (d) Rs. 5,000, , [15] Mr. X invests Rs. 90,500 in post office at 7.5% p.a. simple interest. While calculating the rate was, wrongly taken as 5.7% p.a. The difference in amounts at maturity is Rs. 9.774. Find the period for, which the sum was invested, , {a} 7 years, (b) 5.8 years, {c) 6 years, , (d) 8 years, , [16] The difference between compound and simple interest on a certain sum of money for 2 years at 4%, p.a. is Rs. 1. The sum (in Rs.) is:, , (a) 625, (b) 630, (c) 640, , (d) 635, , [17] A sum of money compounded annually becomes Rs. 1,140 in two years and Rs. 1,710 in three years., Find the rate of interest per annum., , (a) 30%, , Soe Paget, Mae he Wiese

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CA SUMIT ARORA CLASSES RC Assessment Program (RCAP), (b) 40%, , (c) 5056, , {c) 60%, , [18] On what sum difference between compound interest and simple interest for two years at 7% p.a,, interest is Rs. 29.4, , {a} Rs. 5000, (b) Rs. S500, (c) Rs. 6000, , (d) Rs. 6500, , [19] In what time will a sum of money double its y at 6.25% p.a. simple interest ?, (a) 5 years, (b) 8 years, (c) 12 years, , (d) 16 years, , [20] What principal will amount to Rs. 370 in 6 years at 8% p.a. at simple interest ?, {a) Rs. 210, (b) Rs. 250, {c) Rs. 310, , (d) Rs. 350, , Soe Paget, Mae he Wiese