Mathematics of FinancePYQ Sept 25Question 4259 of 479
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A loan of ₹ 5,000 is lent for three years at the rate of 10% per annum, compounded semi-annually. The future value of the money is ₹ ________ (Given: 1.056=1.34\displaystyle 1.05^6 = 1.34)

Options

A6,500
B6,600
C6,700
D6,800
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Correct Answer

Option c6,700

All Options:

  • A6,500
  • B6,600
  • C6,700
  • D6,800

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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