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

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

• 4 A
• 5 B
• 6 C
• 7 D

Never ending annuity is:

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

The methods of finding interest are:

• One A
• Two B
• Three C
• Four 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

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

Principal = Rs. 5000, Interest = 10%, Period = half year interest = ?

• Rs. 1000 A
• Rs. 500 B
• Rs. 250 C
• Rs. 200 D

At what rate you can double your amount in a years.

• 5% p.a A
• 6% p.a B
• 8% p.a C
• 9% p.a D

The difference of cost price and sales price is called

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

Quantity discount buy 2 get 3 is equal to:

• 20% A
• 33 1/2 % B
• 67 2/3 % C
• None of the above D

Annuity classified into categories is:

• Four A
• Three B
• Two C
• Five D

A number six time is 180 find the number

• 10 A
• 20 B
• 30 C
• 40 D

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

Amount of interest varies from period to period in:

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