Mathematics of FinancePYQ Sept 25Question 4261 of 479
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Suppose you deposit ₹ 1,000 today, ₹ 2,000 after one year from today and 3,000 after two years from today, in a deposit that pays 10% per annum, compounded annually. What is the balance in the deposit at the end of two year in just after deposit of ₹ 3,000?

Options

A6,000
B6,410
C6,600
D6,800
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Correct Answer

Option b6,410

All Options:

  • A6,000
  • B6,410
  • C6,600
  • 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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