Mathematics of FinancePYQ Jan 26Question 4098 of 479
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A sum of money lent at compound interest for 2 years at 20% p.a. would fetch ₹ 482/- more if the interest was payable half yearly then if it was payable annually. What is the value of sum deposited?

Options

A₹ 10,000
B₹ 15,000
C₹ 17,500
D₹ 20,000
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Correct Answer

Option d₹ 20,000

All Options:

  • A₹ 10,000
  • B₹ 15,000
  • C₹ 17,500
  • D₹ 20,000

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.

Key Concepts to Understand

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