Mathematics of FinancePYQ May 25Question 4151 of 479
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There is 60% increase in amount in 6 years at simple interest. What will be the compound interest of ₹ 12,000 after three years at the same rate?

Options

A₹ 2,160
B₹ 3,120
C₹ 3,972
D₹ 6,240
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Correct Answer

Option c₹ 3,972

All Options:

  • A₹ 2,160
  • B₹ 3,120
  • C₹ 3,972
  • D₹ 6,240

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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