Quiz Mathematics of Finance – 1

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The Quiz Mathematics of Finance for the preparation of Exams related to CA, CIMA, ICMAP, and MBA. MCQs cover many Business-related fields (such as Business Administration, Commerce, and chartered accountancy-related Institutes) in which the subject of Business Mathematics is taught. Each quiz contains 20 multiple choice questions from Business Mathematics. Let us start with the Quiz Mathematics of Finance.

This quiz covers topics related to the mathematics of finance such as simple interest, compound interest, annuities, present and future values of annuities, mortgage values, and cost-benefit analysis, etc.

1. A sum of $\$30,000$ is invested at a nominal rate of 12\% per annum. Find its value after 3 years if interest is compounded every month. Give your answer to the nearest $.

 
 
 
 

2. The economic order quantity (EOQ) for a particular stock item is given by the expression $EOQ = \sqrt{\frac{2C_0D}{c_h}}$. If $C_0=2$ per order, $D=1000$ items and $C_h=0.25$ per time, then EOQ (rounded to the nearest whole number) will be

 
 
 
 

3. Calculate the present value of an annuity of 2800 per annum, payable at the end of each year for 10 years at a discount rate of 4%. Use tables and give your answer to the nearest $.

 
 
 
 

4. Given the scenario in the spreadsheet below, what Excel formula is required for NPV

q40

 
 
 
 

5. A company has to choose between borrowing 100,000 at 3% a quarter in order to modernize now or saving at 2% a quarter in order to modernize in 4 years’ time, at an estimated cost of 1170,00. Throughout this question, use tables whenever possible. Calculate the amount $X$ which must be paid per quarter if the company borrows 100,000 now repayable at the end of each quarter over 4 years. Give your answer correct to the nearest $.

 
 
 
 

6. A company has to choose between borrowing 100,000 at 3% a quarter in order to modernize now or saving at 2% a quarter in order to modernize in 4 years’ time, at an estimated cost of 1170,00. Throughout this question, use tables whenever possible. Calculate the amount $Y$ which must be saved at the end of each quarter if the company wishes to cover the cost of modernization in 4 years’ time. Give your answer to the nearest $.

 
 
 
 

7. An asset originally worth 80,000 depreciates at 28% per annum. Find its value to the nearest at the end of 3 years.

 
 
 
 

8. A motorbike price is $40,000 inclusive of 16% sales tax. The original price should be

 
 
 
 

9. The economic order quantity (EOQ) for a particular stock item is given by the expression EOQ = $\sqrt{\frac{2C_0D}{c_h}}$. If for a different stock item, EOQ = 200 items, $C_0=4$ per order and $D=1000$ items, then $C_h$ (in $\$$ per item) will be

 
 
 
 

10. Given the scenario in the spreadsheet below, what Excel formula is required for ROI

q40

 
 
 
 

11. The price of a tricycle is $2,900 and the sales tax is 16%. The amount of sales tax on 40 such tricycles should be

 
 
 
 

12. An investment rises in value from 12000 to 250,000 over 15 years. Calculate the percentage increase per year, to one d.p.

 
 
 
 

13. The tax charged on all incomes during the financial year from 1st July to 30th June is termed as

 
 
 
 

14. If the MP of a laptop is $22,000 and the sales tax imposed is 16%. The total amount that has to pay is

Explanation: $22000+22000*0.16=25520$

 
 
 
 

15. An item sells for 4.39 including value-added tax at 17.5%. If the tax were reduced to 16%, the new selling price to the nearest penny will be

 
 
 
 

16. The salary received after necessary deductions from the gross salary is termed as

 
 
 
 

17. Rearrange the formula $V=P(1+r)^n$ to make $r$ the subject.

 
 
 
 

18. A company has to choose between borrowing 100,000 at 3% a quarter in order to modernize now or saving at 2% a quarter in order to modernize in 4 years’ time, at an estimated cost of 1170,00. Throughout this question, use tables whenever possible. Find the cumulative discount factor appropriate to quarter end payments of $1 per quarter at 3% per quarter over 4 years.

 
 
 
 

19. To pay a certain amount of tax as a value-added tax on the purchase of an item is known as

 
 
 
 

20. If a sum of 15,000 is invested at 4.6 percent per annum, find its value after 5 years, to the nearest $.

 
 
 
 

Quiz Mathematics of Finance

  • The price of a tricycle is $2,900 and the sales tax is 16%. The amount of sales tax on 40 such tricycles should be
  • If the MP of a laptop is $22,000 and the sales tax imposed is 16%. The total amount that has to pay is Explanation: $22000+22000*0.16=25520$
  • A motorbike price is $40,000 inclusive of 16% sales tax. The original price should be
  • To pay a certain amount of tax as a value-added tax on the purchase of an item is known as
  • The tax charged on all incomes during the financial year from 1st July to 30th June is termed as
  • The salary received after necessary deductions from the gross salary is termed as
  • An investment rises in value from 12000 to 250,000 over 15 years. Calculate the percentage increase per year, to one d.p.
  • If a sum of 15,000 is invested at 4.6 percent per annum, find its value after 5 years, to the nearest $.
  • A company has to choose between borrowing 100,000 at 3% a quarter in order to modernize now or saving at 2% a quarter in order to modernize in 4 years’ time, at an estimated cost of 1170,00. Throughout this question, use tables whenever possible. Find the cumulative discount factor appropriate to quarter-end payments of $1 per quarter at 3% per quarter over 4 years.
  • A company has to choose between borrowing 100,000 at 3% a quarter in order to modernize now or saving at 2% a quarter in order to modernize in 4 years’ time, at an estimated cost of 1170,00. Throughout this question, use tables whenever possible. Calculate the amount $X$ which must be paid per quarter if the company borrows 100,000 now repayable at the end of each quarter over 4 years. Give your answer correct to the nearest $.
  • A company has to choose between borrowing 100,000 at 3% a quarter in order to modernize now or saving at 2% a quarter in order to modernize in 4 years’ time, at an estimated cost of 1170,00. Throughout this question, use tables whenever possible. Calculate the amount $Y$ which must be saved at the end of each quarter if the company wishes to cover the cost of modernization in 4 years’ time. Give your answer to the nearest $.
  • Calculate the present value of an annuity of 2800 per annum, payable at the end of each year for 10 years at a discount rate of 4%. Use tables and give your answer to the nearest $.
  • An asset originally worth 80,000 depreciates at 28% per annum. Find its value to the nearest at the end of 3 years.
  • A sum of $\$30,000$ is invested at a nominal rate of 12\% per annum. Find its value after 3 years if interest is compounded every month. Give your answer to the nearest $.
  • Rearrange the formula $V=P(1+r)^n$ to make $r$ the subject.
  • An item sells for 4.39 including value-added tax at 17.5%. If the tax were reduced to 16%, the new selling price to the nearest penny will be
  • The economic order quantity (EOQ) for a particular stock item is given by the expression $EOQ = \sqrt{\frac{2C_0D}{c_h}}$. If $C_0=2$ per order, $D=1000$ items and $C_h=0.25$ per time, then EOQ (rounded to the nearest whole number) will be
  • The economic order quantity (EOQ) for a particular stock item is given by the expression EOQ = $\sqrt{\frac{2C_0D}{c_h}}$. If for a different stock item, EOQ = 200 items, $C_0=4$ per order and $D=1000$ items, then $C_h$ (in $\$$ per item) will be
  • Given the scenario in the spreadsheet below, what Excel formula is required for ROI
    q40
  • Given the scenario in the spreadsheet below, what Excel formula is required for NPV
    q40
Quiz Mathematics of Finance

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Basic Mathematics Quiz 2

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MCQs about Basic Mathematics Quiz (Business and Applied Mathematics) for the preparation of Exams related to CA, CIMA, ICMAP, and MBA. MCQs cover many Business-related fields (such as Business Administration, Commerce, and chartered accountancy-related Institutes) in which the subject of Business Mathematics is taught. There are 20 multiple-choice questions about Basic MAthematics Quiz. Let us start with the Basic Mathematics Quiz.

Please go to Basic Mathematics Quiz 2 to view the test

Basic Mathematics Quiz

  • Sara and Ali earned a profit of $500,000 from a business and their ratio of investment was 5:8, respectively. The profit of each should be
  • (Cost Price – Selling Price ) is equal to
  • (Selling Price – Cost Price) is called
  • During the sale, a shop offers a discount of 8% on the marked price. If the marked price is $5500, then the purchase price of an oven should be
  • The price at which a particular item is purchased by a shopkeeper is known as
  • If the sales price is 672 and the profit is 5%, then the cost price should be
  • A trader sold a television for $1500. The price should he sell to get a profit of 20% is
  • If the selling price is the selling price, the cost price is the cost price, we get a loss when
  • A deduction that is offered on the MP or the list price of items by the seller to the purchaser is called
  • A phone was purchased for £4000 and sold for £4800. The profit percentage should be
  • Marked price – sales price is equal to
  • (Profit  ⁄ Cost Price) $\times$ 100 is equal to
  • If the capital of partners is invested for the same length of time, the partnership is said to be none of the above
  • (Cost price – Loss) is equal to
  • The marked price of a fan is £850, it is sold for £800. The percentage discount allowed is
  • (Discount  ⁄  MP) $\times$ 100 is equal to
  • (Loss⁄Cost Price) $\times$ 100 is equal to
  • If the selling price of an item is greater than its cost price, then we earn
  • (Profit + cost) price is equal to
  • The annual income of a person is £530,000 and the exempted amount is £280,000. The income tax payable at the rate of 0.75% would be
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Important MCQs Microsoft Word 7

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The quiz MCQs Microsoft Word will be helpful for the preparation of computer-related exams especially job-related posts such as data entry operator, Computer operator, and assistant. Let us start with MCQs Microsoft Word Quiz.

Please go to Important MCQs Microsoft Word 7 to view the test


Microsoft Word is a word-processing application. MS Word is a part of the popular MS Office Package. In this series of quizzes related to the word processor, you will find a good collection of Multiple Choice Questions (MCQs) to test your knowledge of MS Word with answers. Most of the questions apply to all versions of MS Word (such as 97-2003, 2007, 2010, XP, 2013, 2016, etc.). Note that sometimes these questions are considered as part of the general knowledge section of basic computer awareness and computer operation section.

application software MCQs Microsoft Word

It is very important to know the basic knowledge of MS Word for the Test Preparation of FPSC, NTS, KPPSC, PPSC, SPSC, and other tests or examinations.

MCQs Microsoft Word

  • From which menu you can insert the Header and Footer?
  • In Microsoft Word shortcut key CTRL + W is used for
  • MS Office provides help in many ways, which of these is one of them?
  • Which of the following line spacing is invalid?
  • In MS Word to move the insertion point to the beginning of the next word command used is
  • To change the line height to 1.5 we use the shortcut key :
  • Selecting text means, selecting?
  • What is the maximum number of lines you can set for lines to drop box?
  • If you will be displaying or printing your document on another computer, you’ll want to make sure and select the _________ option under the ‘Save’ tab.
  • We can remove/hide the border of a shape by selecting _______.
  • The minimum number of rows and columns a word table can have is
  • What is the place to the left of the horizontal scroll bar?
  • If you need to change the typeface of a document, which menu will you choose?
  • Pressing the F8 key three times selects
  • What is the default number of lines to drop for the drop cap?
  • Which option in the File pull-down menu is used to close a file in MS Word?
  • In which grouping, the formatting of text is done in Word?
  • Microsoft Word is an example of a/ an
  • A Word 97-2003 document will be saved in which extension
  • If we press the F7 in a Word file, it will __________.

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What is Rounding off?

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Introduction to Rounding Off

The concept and term “rounding off” is the process of simplifying a number by bringing the number closer to the next number and keeping its value.

In most of the everyday situations, we do not need to use highly sensitive measuring devices (instruments). the accuracy of our measurement depends on the purpose for which we use the information.

Rounding off Examples

Example: Suppose someone uses a compass as a guide in going from one end of the school to the other. It would not be a serious error if he/ she is 1o of course. However, 1o of course on a journey to the moon will mean an error of 644000 km.

Besides the error arising from the use of different instruments/ devices, the person taking the measurement is another source of error. For example, in school/ college athletics meets, there are usually two or more time-keepers for the first placing of a (say) 100-meter race, and time-keepers may have slightly different times on their devices (such as sports watch). Therefore, all physical measurements such as mass, length, time, volume, and area can never be accurate. The accuracy depends on the degree of the measuring device (instrument) and the person recording (taking) the measurement. Both of them can never be accurate.

Rules for Rounding off Numbers

Rule 1: Determine what your rounding digit is and look at the digit to the right of it. If the number is 1, 2, 3, or 4, simply drop all digits to the right of the rounding digit. For example,

5.432 may be rounded off to 5.42 nearest to the hundredth place.
5.432 may be rounded off to 5.4 nearest to the tenth place.
5.432 may be rounded off to 5 nearest to the unit’s place.

Rule 2: Determine what your rounding digit is and look at the digit to the right of it. If the number is 5, 6, 7, 8, or 9 add one to the rounding digit and drop all digits to the right of the rounding digits. For example,

3.786 may be rounded off to 3.79 nearest to the hundredth place.
3.786 may be rounded off to 3.8 nearest to the tenth place.
3.876 may be rounded off to 3.9 nearest to the unit place.

Rules for Rounding Off Numbers

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