HSC Commerce (English Medium) १२ वीं कक्षा - Maharashtra State Board Question Bank Solutions for Mathematics and Statistics

Find the number of years for which an annuity of ₹500 is paid at the end of every year, if the accumulated amount works out to be ₹1,655 when interest is compounded annually at 10% p.a.

Find the accumulated value of annuity due of ₹1,000 p.a. for 3 years at 10% p.a. compounded annually. [Given (1.1)³ = 1.331]

A person plans to put ₹400 at the beginning of each year for 2 years in a deposit that gives interest at 2% p.a. compounded annually. Find the amount that will be accumulated at the end of 2 years.

Find the present value of an annuity due of ₹ 600 to be paid quarterly at 32% p.a. compounded quarterly. [Given (1.08)⁻⁴ = 0.7350]

An annuity immediate is to be paid for some years at 12% p.a. The present value of the annuity is ₹ 10,000 and the accumulated value is ₹ 20,000. Find the amount of each annuity payment

For an annuity immediate paid for 3 years with interest compounded at 10% p.a., the present value is ₹24,000. What will be the accumulated value after 3 years? [Given (1.1)³ = 1.331]

A person sets up a sinking fund in order to have ₹ 1,00,000 after 10 years. What amount should be deposited bi-annually in the account that pays him 5% p.a. compounded semi-annually? [Given (1.025)²⁰ = 1.675]

Choose the correct alternative :

You get payments of ₹8,000 at the beginning of each year for five years at 6%, what is the value of this annuity?

Choose the correct alternative :

Amount of money today which is equal to series of payments in future is called

In an ordinary annuity, payments or receipts occur at ______. 

Choose the correct alternative :

Rental payment for an apartment is an example of

______ is a series of constant cash flows over a limited period of time.

Choose the correct alternative :

A retirement annuity is particularly attractive to someone who has

Fill in the blank :

The person who receives annuity is called __________.

Fill in the blank :

The payment of each single annuity is called __________.

Fill in the blank :

The intervening time between payment of two successive installments is called as ___________.

Fill in the blank :

An annuity where payments continue forever is called __________.

Fill in the blank :

If payments of an annuity fall due at the beginning of every period, the series is called annuity __________.

Fill in the blank :

If payments of an annuity fall due at the end of every period, the series is called annuity __________.

State whether the following is True or False :

Payment of every annuity is called an installment.