Mathematics of FinancePYQ Sept 25Question 4256 of 479
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The compound interest of ₹ 4,900 is ₹ 1661 for 2 years at a certain rate of interest, compounded annually. What is the rate of interest per annum in percentage?

Options

A19.71
B17.71
C13.71
D15.71
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Correct Answer

Option d15.71

All Options:

  • A19.71
  • B17.71
  • C13.71
  • D15.71

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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