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महाराष्ट्र राज्य शिक्षण मंडळएचएससी वाणिज्य (इंग्रजी माध्यम) इयत्ता १२ वी

Multiple choice questions: Rental payment for an apartment is an example of ______ - Mathematics and Statistics

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प्रश्न

Multiple choice questions:

Rental payment for an apartment is an example of ______

पर्याय

  • Annuity due

  • Perpetuity

  • Ordinary annuity

  • Installment

MCQ
रिकाम्या जागा भरा
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उत्तर

Perpetuity

shaalaa.com
Annuity
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 2.2: Insurance and Annuity - Q.1

संबंधित प्रश्‍न

A person invested ₹ 5,000 every year in finance company that offered him interest compounded at 10% p.a., what is the amount accumulated after 4 years? [Given (1.1)4 = 1.4641]


Find accumulated value after 1 year of an annuity immediate in which ₹ 10,000 is invested every quarter at 16% p.a. compounded quarterly. [Given (1.04)4 = 1.1699]


Find the present value of an annuity immediate of ₹36,000 p.a. for 3 years at 9% p.a. compounded annually. [Given (1.09)−3 = 0.7722]


Find the rate of interest compounded annually if an annuity immediate at ₹20,000 per year amounts to ₹2,60,000 in 3 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]


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?


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


Fill in the blank :

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


State whether the following is True or False:

Annuity certain begins on a fixed date and ends when an event happens.


State whether the following is True or False :

Annuity contingent begins and ends on certain fixed dates.


State whether the following is True or False :

The present value of an annuity is the sum of the present value of all installments.


State whether the following is True or False :

The future value of an annuity is the accumulated values of all installments.


Solve the following :

A shopkeeper insures his shop and godown valued at ₹5,00,000 and ₹10,00,000 respectively for 80 % of their values. If the rate of premium is 8 %, find the total annual premium.


Solve the following :

Find the amount of an ordinary annuity if a payment of ₹500 is made at the end of every quarter for 5 years at the rate of 12% per annum compounded quarterly. [(1.03)20 = 1.8061]


Solve the following :

Find the amount a company should set aside at the end of every year if it wants to buy a machine expected to cost ₹1,00,000 at the end of 4 years and interest rate is 5% p. a. compounded annually. [(1.05)4 = 1.21550625]


Solve the following :

Find the rate of interest compounded annually if an ordinary annuity of ₹20,000 per year amounts to ₹41,000 in 2 years.


Solve the following :

A person purchases a television by paying ₹20,000 in cash and promising to pay ₹1,000 at end of every month for the next 2 years. If money is worth 12% p. a. converted monthly, find the cash price of the television. [(1.01)–24 = 0.7875]


Solve the following :

Find the present value of an annuity immediate of ₹20,000 per annum for 3 years at 10% p.a. compounded annually. [(1.1)–3 = 0.7513]


Solve the following :

After how many years would an annuity due of ₹3,000 p.a. accumulated ₹19,324.80 at 20% p. a. compounded yearly? [Given (1.2)4 = 2.0736]


Multiple choice questions:

In an ordinary annuity, payments or receipts occur at ______


If for an immediate annuity r = 10% p.a., P = ₹ 12,679.46 and A = ₹ 18,564, then the amount of each annuity paid is ______


For annuity due,

C = ₹ 20,000, n = 3, I = 0.1, (1.1)–3 = 0.7513

Therefore, P = `square/0.1 xx [1 - (1 + 0.1)^square]`

= 2,00,000 [1 – 0.7513]

= ₹ `square`


The future amount, A = ₹ 10,00,000

Period, n = 20, r = 5%, (1.025)20 = 1.675

A = `"C"/"I" [(1 + "i")^"n" - 1]`

I = `5/200` = `square` as interest is calculated semi-annually

A = 10,00,000 = `"C"/"I" [(1 + "i")^"n" - 1]`

10,00,000 = `"C"/0.025 [(1 + 0.025)^square - 1]`

= `"C"/0.025 [1.675 - 1]`

10,00,000 = `("C" xx 0.675)/0.025`

C = ₹ `square`


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