Mathematics of FinancePYQ Sept 25Question 4255 of 479
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If ₹ 2,470 is obtained as an interest in 4 years and 4 months at the rate of 3% per annum simple interest rate in bank deposit, how much amount was deposited in ₹?

Options

A17,000
B18,000
C19,000
D20,000
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Correct Answer

Option c19,000

All Options:

  • A17,000
  • B18,000
  • C19,000
  • D20,000

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.

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