Mathematics of FinancePYQ Jan 25Question 3961 of 479
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If the compound interest on a certain sum for 2 years at 5% per annum is ₹ 246, then the simple interest on the same sum for double the time and double the rate per annum is :

Options

A₹ 900
B₹ 960
C₹ 1,000
D₹ 1,100
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Correct Answer

Option b₹ 960

All Options:

  • A₹ 900
  • B₹ 960
  • C₹ 1,000
  • D₹ 1,100

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.

Key Concepts to Understand

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