First Year Business Mathematics Chapter 2 Online MCQ Test for 1st Year Business Mathematics Chapter 2 (Mathematics of Finance)

Amount of interest varies from period to period in:

• Simple interest A
• Compound interest B
• Both a and b C
• None of these D

What percent Rs. 30 is of 300

• 30% A
• 10% B
• 20% C
• 15% D

Never ending annuity is:

• Ordinary annuity A
• Annuity due B
• Perpetuity C
• Annuity D

The fractional form of 8.5% is

• 
  A
• 
  B
• 
  C
• 
  D

The difference of cost price and sales price is called

• Profit% A
• Loss B
• Loss% C
• Profit D

If 3x + 2 = 2x + 6 then x is equal to.

• 4 A
• 5 B
• 6 C
• 7 D

In compound interest method, the interest earned is considered as to be:

• Reinvested A
• De-invested B
• Both a and b C
• None of these D

The ratio between 80 and 640 is

• 1 : 4 A
• 2 : 4 B
• 1 :8 C
• 4 : 6 D

f (x) = √x is:

• Constant function A
• Compound function B
• Not a polynomial function C
• None of these D

To find the inverse of a matrix A we use the formula.

• |A|/Adj A
  A
• |A| Adj A B
• Adj A/ |A|
  C
• None D

The methods of finding interest are:

• One A
• Two B
• Three C
• Four D

• 4 : 3 A
• 3 : 4 B
• 9 : 3 C
• 3 : 1 D

The discount which is calculated on list price of goods is called

• Trade discount A
• Cash discount B
• Rebate C
• None of these D

Interest is:

• Rent A
• Wage B
• Salary C
• Commission D

The formula for finding rate is

• 
  A
• 
  B
• 
  C
• 
  D