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The document contains a 10 question financial mathematics test covering topics like simple interest calculation, nominal interest rates, compound interest rates, and time value of money calculations. The test questions cover identifying simple and compound interest rates, calculating interest in various scenarios, and determining time periods for interest and principal amounts to double.

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25 views2 pages

Report - Responses

The document contains a 10 question financial mathematics test covering topics like simple interest calculation, nominal interest rates, compound interest rates, and time value of money calculations. The test questions cover identifying simple and compound interest rates, calculating interest in various scenarios, and determining time periods for interest and principal amounts to double.

Uploaded by

Rajput
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Sessional Test - Financial Mathematics ( BBA- Sem II)

✓ Q8: The nominal interest rate p.a convertible quarterly corresponding to an effective rate of interest 8 % p.a. will be approximately

Points:
2/2 7%
8% ✓
9%
10%

✓ Q1: In simple interest calculation , time is taken in

Points: months
2/2 half- year
year ✓
quarter

✓ Q9: The interest calculated on the Principal alone is called

Points: Effective interest rate


2/2 Nominal interest rate
Force of interest
Simple interest ✓

✓ Q10: The interest calculated on the combined total of Principal and prior interest is known as

Points: Simple interest


2/2 Nominal interest
Compound interest ✓
Effective interest rate

✓ Q4: In force of interest number of compounding periods in one full measurement time period will be

Points: 4
2/2 2
12
Infinite ✓

✓ Q5: The amount after two years on ₹ 2000 at 10% p.a. , if compounding is done semi - annually will be approximately

Points: ₹ 2431 ✓
2/2 ₹ 2450
₹ 3000
₹ 2440

✓ Q6: The interest rate which is compounded more than once in a year is called

Points: Effective rate of interest


2/2 Force of interest
Nominal rate of interest ✓
Simple interest rate
✓ Q7: The effective rate of interest equivalent to nominal rate of interest of 6% p.a. compounded half- yearly will be approximately

Points: 6% ✓
2/2 7%
5%
None of above

✓ Q2: Simple interest on ₹ 600 at 6% per annum for 5 years will be

Points: ₹100
2/2 ₹150
₹ 200
₹ 180 ✓

✓ Q3 Time taken to double a sum of money at 5% p.a. will be

Points: 10 years
2/2 20 years ✓
5 years
None of above

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