Mathematics of FinancePYQ Jan 25Question 3958 of 479
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Mr. A invested ₹ 20,000 in a bank at the rate of 4.5% p.a. He received ₹ 27,500 after end of term. Find out the period?

Options

A4.50 Yrs
B8.34 Yrs
C6.50 Yrs
D8.10 Yrs
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Correct Answer

Option d8.10 Yrs

All Options:

  • A4.50 Yrs
  • B8.34 Yrs
  • C6.50 Yrs
  • D8.10 Yrs

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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