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Business Mathematics Icom Part 1 Chapter 2 Online Test MCQs With Answers
Question # 1
The fractional form of 8.5% is
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Question # 2
If 3x + 2 = 2x + 6 then x is equal to.
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4
5
6
7
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Question # 3
Never ending annuity is:
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Ordinary annuity
Annuity due
Perpetuity
Annuity
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Question # 4
In compound interest method, the interest earned is considered as to be:
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Reinvested
De-invested
Both a and b
None of these
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Question # 5
S
ni
is read us:
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S angle i at n
S angle n at i
Amount S at i
Annuity S at n
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Question # 6
Interest is classified in
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Two classes
Three classes
Four classes
None of these
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Question # 7
The discount which is calculated on list price of goods is called
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Trade discount
Cash discount
Rebate
None of these
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Question # 8
What percent Rs. 30 is of 300
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30%
10%
20%
15%
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Question # 9
The formula for finding rate is
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Question # 10
Annuity classified into categories is:
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Four
Three
Two
Five
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Question # 11
Interest is:
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Rent
Wage
Salary
Commission
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Question # 12
Principal = Rs. 5000, Interest = 10%, Period = half year interest = ?
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Rs. 1000
Rs. 500
Rs. 250
Rs. 200
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Question # 13
The methods of finding interest are:
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One
Two
Three
Four
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Question # 14
Annuity is used in
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Simple arithmetic
Function
equation
Mathematics of Finance
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Question # 15
Amount of interest varies from period to period in:
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Simple interest
Compound interest
Both a and b
None of these
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