Mathematics of FinancePYQ Jan 26Question 4047 of 479
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Bank B provides loans at 15% per annum compound interest. If Mr. XYZ borrowed ₹ 3,200 for 2 years from Bank B, then how much interest must Mr. XYZ pay to his bank?

Options

A₹ 400
B₹ 960
C₹ 4,232
D₹ 1,032
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Correct Answer

Option d₹ 1,032

All Options:

  • A₹ 400
  • B₹ 960
  • C₹ 4,232
  • D₹ 1,032

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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