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for CA Foundation Mathematics Paper
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Q1. The time in by which a sum of money is 8 times of itself if it doubles itself in 15 years interest compounded annually.
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(a) 42 years (b) 43 years (c) 45 years (d) 46 years
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Q2. Present value of a scooter is `7290, if its value decreases every year by 10% then the value before 3 years is equal to
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(a) 10,000 (b) 10,500 (c) 20,000 (d) 20,500
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Q3. Find the effective rate of interest at 10% p.a when the interest is payable quarterly.
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(a) 10.38% (b) 5% (c) 5.04% (d) 4%
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Q4. The difference between in simple interest on a sum invested of `1500 for 3 years is `18. The difference in their rate is
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(a) 0.4 (b) 0.6 (c) 0.8 (d) 0.10
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Q5. What will be the population after 3 years . When the population increases at the rate 3 % in I year, 4 % in II year and 5% in III year.
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(a) 28,119 (b) 29,118 (c) 27,000 (c) 30,000
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Q6. If `10,000 is invested at 8 % per annum, then compounded quarterly.Then value of investment after 2 years is
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(a) `11,716.59 (b) `10,716.59 (c) `12,715.59 (d) none of these
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Q7. In how many years will a sum of money become double at 5% p.a compound interest
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(a) 14 years (b) 15 years (c) 16 years (d) 14.3 years
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Q8. The number of ways of arranging 6 boys and 4 girls in a row so that all 4 girls are together is:
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(a) 6!. 4! (b) 2 (7! 4!) (c) 7! 4! (d) 2. (6! 4!)
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Answer key
1. Ans. C 2. Ans. A 3. Ans. A 4. Ans. A 5. Ans. A 6. Ans. A 7. Ans. D 8. Ans. C
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