Mathematics of FinancePYQ Jan 25Question 3951 of 479
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Anil deposited a certain amount in a bank at the rate of 10% per annum compounded semi-annually. At the end of one year Anil received a sum of ₹ 13,230. Then the sum deposited in the bank is

Options

A₹ 13,000
B₹ 1,200
C₹ 12,000
D₹ 5,000
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Correct Answer

Option c₹ 12,000

All Options:

  • A₹ 13,000
  • B₹ 1,200
  • C₹ 12,000
  • D₹ 5,000

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 Syllabus

Exam 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.

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