‫‪Faculty of Commerce Year: 1 Financial Accounting 2‬‬

‫‪May 2020‬‬
‫‪Time: Three Hours - Date: 31/5/2020‬‬
‫)‪The questions start with a number: (7‬‬
‫‪Required‬‬
‫‪1.Student Name:‬‬
‫‪Enter your answer‬‬ ‫اكتب اسمك رباعى‬

‫اكتب الرقم القومى مكون من ‪ 14‬رقم(( ‪2.National ID‬‬

‫اكتب رقم جلوسك ‪3.Sitting number‬‬

‫لو انت انتظام اختار انتظام ‪ ..‬لو انتساب اختار انتساب ‪):‬الشعبة( ‪4.Division‬‬
‫انتظام‬
‫انتساب‬

‫‪):‬حالة المقرر بالنسبة للطالب( ‪5.Course status for the student‬‬

‫‪6.grade:‬‬ ‫الفرقه الكام هتختار الفرقة االولى‬

‫‪Second‬‬

‫‪Third‬‬

‫‪Fourth‬‬
 7 ‫امتحانك هيبدا من رقم‬
7- A man deposits $1000 in a bank that pays an interest rate of 5% semiannually. How much
interest the man will receive after two years?

o $200

8- In question 7, if the interest rate was 10% annually. How much his balance account will be in
the bank?

o $1200

9- In question 7, if the interest rate was 2.5% quarterly. How much interest the man will
receive?

o $200

10- In question 7, how much the man will get if he wants to withdraw his balance after three
months?

o $1025

11- In question 7, if the deposit was $2000. How much interest the man will receive?

o $400

12- How long will it takes a principal to earn interest one-half its value, if the interest rate was
20%?

o 2.5 years

13-In question 12, how long it will take if we want the interest to be equal the principal?

o 5 years

14-In question 12, how long will the period be if the interest rate was 60%?

o 10 months

15-In question 12, how long will it takes if we want the interest to be one-fifth of the principal?

o one year
16-In question 50, how long will the period be if the interest rate was 10%?

o 5 years

17-The interest paid on a loan of $4000 for 3 months was $120. Find out the semiannual
interest rate?

o 6%

18-In question 17, the interest rate that pays quarterly will be?

o 3%

19-In question 17, the interest rate that pays annually will be?

o 12%

20-In question 17, if the loan was $8000 how much the interest rate that pays quarterly will
be?

o 1.5%

21-The exact interest on 90-day loan of $2000, if the interest rate is 8% semiannually will be?

o $78.9

22-In question 21, the ordinary interest will be?

o $80

23- A person deposits $3000 in a bank that pays 12% interest. Determine how many days the
amount of deposit remains if the interest earned is $75?

o 75 days

24- A merchant sells a certain commodity for $1600 cash, or $2000 due in a year.
The interest rate the merchant using in this deal is?

o 25%

25- How long will it take an amount to double if invested at 10% semiannually?

o 5 years
26-In question 25, if the interest rate is 20% annually, how long will it take?

o 5 years

27- An obligation of $2400 is due on July 11, 2019. The obligation was discounted at a bank on
February 11, 2019 and the proceeds were $2220. Determine the discount rate?

o 18%

28- A debt is due a year from today. The debt was discounted at a bank that charges 16%
discount rate, and the creditor got $3024. Find the maturity value of the debt?

o $3600

29- Find the accumulated value of an ordinary simple annuity consisting of 4 quarterly
payments of $250 each if money is worth 12% per annum.

o $1045

30- A couple deposits $500 at the end of every 3 months into a saving account that pays
interest at interest rate of 11%. They made the first deposit on March 1, 2012. How
much money will they have in the account just after they make their deposit on
September 1, 2015?

o $8347.5

31- Mr. Simpson deposits $525 every 3 month for 4 years with simple interest rate 15% annum
find his balance, If the deposit made at the end of the period?

o $10762.5

32-In question 31, find his balance If the deposit made at the beginning of the period?

o $11077.6

33- A man wants to accumulate a fund. He deposits $300 on February 1, 2017, and his plan
calls for the deposit to be accumulated on February 1, 2018. In a bank, that pays 5% per
annum. Find the size of the deposit if he makes the deposits at the end of every 2 months?

o $1852.5

34- In question 30, Find the size of the deposit if he makes the deposits at the beginning of
every 2 months?
 o $1837.5

35- A man deposits annuity every beginning of 3 month with interest rate of 14%m after two
years he found his balance was $1389. What his periodical deposit was?

o $150

36- An ordinary annuity payable $150 semiannual for 3 years, it accumulated $990. What the
interest was?

o 8%

37- An annuity its periodic deposit $300 payable each 3 month for 2 years with discount rate
9% annually calculate the present value of the annuity if it is ordinary one?

o $2157

38-In question 37, calculate the present value of the annuity if it is due one?

o $2211

39- Find the compound amounts of $2500, invested at 6% converted quarterly for 5 years.

o $3367.14

40- A principal of $1000 is deposited at 6% for 10 years. What will be the compound interest if
the interest is compounded annually?

o $790.85

41- In question 40, compute the amount if the interest is compounded annually?

o $1790.85

42- In question 40, if the interest compounded semiannually, compute the compound interest
if the interest rate is compounded semiannually?

o $806.11

43- In question 40, compute the amount if the interest is compounded semiannually?

o $1806.85
44- A bank pays 7.8% compound quarterly on savings accounts. A woman puts $5000 into such
account on July 1, 2013. Find the amount in the account on January 1, 2018?

o $7078.48

45- Find the present value of $5000 due in 4 years if money is worth 8% compounded
semiannually.

o $3653.45
46- Find the present value of $7500 due in 4 years if money is worth 14% compounded
monthly.
o $4297.98

47- A woman borrowed a certain amount from a bank that charges 18% interest. One hundred
days later she paid $150 as an interest on the loan. How much the capital was?

o $3000

48- A man deposited $2000 at a bank that pays 12%, how much the balance after 6 months?

o $2120

49- A woman got a loan at 8% semiannual rate of interest. Nine months later she paid $4480.
Find out the principle?

o $4000

50- A refrigerator is sold for $3600 cash or $4000 due in 9 months. If money is worth 12%
which offer is better for the buyer?

o The first

51- Compute the simple discount on a debt of $2000 due in 6 months if the interest rate is 12%

o $113.21

52- A debt of $3000 is due in a year. The lender offers a simple discount of $72 upon the
payment of such a debt 3 months before maturity. Find the interest rate?

o 9.8%
53- A debt of a certain amount is due after 15 months. Nine months before its due date, the
debtor offers to pay it off and the lender agrees on the basis of 12% interest rate. The
simple discount to $165.14, find the maturity value of the det?

o $2000

54- A depositor planned to leave $2000 in a savings and loan association paying 5%
compounded semiannually for a period of 5 years. At the end of 2½ years the depositor
had to withdraw $1000. What amount will be in the account at the end of the original 5-
year period?

o $1428.76

55- Find the present value of $7500 due in 4 years if money is worth 14% compounded
monthly.

o $4297.98

56- A note of $2000 due in 4 months is discounted at a bank that charges 12% discount rate.
Find the bank discount?

o $80

57- A note with a maturity value of $1000 is due in 3 years and 8 months. What is its present
value at 6% compounded semiannually?

o 805.04

58- A person receives $300 each 3 months from an investment that pays a quarterly rate of
interest of 3%, how much he invested?

o $10000

59- A deposit of $2000 was made on January 1st 2019 at a bank that gives 10.5% per annum.
How much interest will be credited to this account on June 30th 2019?

o $105

60- In question 59, if the interest rate was 5.25% quarterly. How much interest will be
credited to this account?
 o $210

61- In question 59, how much interest will be credited to this account on December 31st
2019?

o $210

62 - In question 59, how much amount will be credited to this account?

o $2105

63- In question 59, how much amount will be credited to this account on Dec 31st 2019?

o $2210

64- On October 3st, 2018, a merchant borrowed $1200 at 15%. The loan was repaid on
March14th, 2019. The exact interest due on that date was?

o $79.89

65-In question 64, the ordinary interest due on that date was?

o $81