Correct Answer
✅ Option c — 20 years
All Options:
- A12 years
- B16 years
- C20 years
- D24 years
Ad
Ad
Detailed Solution & Explanation
About This Chapter: Mathematics of Finance
Paper
Paper 3: Quantitative Aptitude
Weightage
12-16 Marks
Key Topics
Simple & Compound Interest, Annuity, Perpetuity
The most important mathematical chapter in the entire syllabus. It covers Simple Interest (SI), Compound Interest (CI), Nominal vs Effective rates, Present and Future Value, Annuities (Ordinary and Due), Sinking Funds, and Perpetuities. The concepts learned here are applied heavily in CA Intermediate and Final.
View Official ICAI SyllabusExam Strategy Tip
Guaranteed 12-16 marks. Master your calculator! Learn the 'GT' and compound interest M+/M- tricks to solve annuity questions in 10 seconds without writing long formulas.
Key Concepts to Understand
Related Comparison Tables
More Questions from Mathematics of Finance
The simple interest on for 9 months is . Find the interest rate.
Miss Liza lent in such a way that some amount was given to Mr. A at p.a. S.I. and rest amount to was given to B at p.a. S.I., the annual interest from both is . Find the amount lent to Mr. A.
A certain sum of money was put at S.I. for years at a certain rate of S.I. p.a. Had it been put at higher rate, it would have fetched more. Find the sum of money.
Rs. is borrowed at compound interest at the rate of for the 1st year, for the second year and for the 3rd year. Find the amount to be paid after 3 years.
If be invested at interest rate of and the interest be added to the principal every years, then the number in years in which it will amount to is:
If an amount is kept at S. I. it earns an interest of in first two years but when kept at compound interest it earns an interest of for the same period, then the rate of interest and principal amount respectively are:
Ready to Master Mathematics of Finance?
Practice all 512 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.
Start Practicing — It's Free