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

This online test contains MCQs about following topics:

Introduction of Mathematics of finance . Interest . Annuity

ICOM Part 1 Business Mathematics Ch. 2 Test
ic

MCQ's Test For Chapter 2 "Business Mathematics Icom Part 1 Chapter 2 Online Test"

Try The MCQ's Test For Chapter 2 "Business Mathematics Icom Part 1 Chapter 2 Online Test"

  • Total Questions15

  • Time Allowed20

Business Mathematics Icom Part 1 Chapter 2 Online Test

00:00
Question # 1

Interest is classified in

Question # 2

Sni is read us:

Question # 3

Annuity is used in

Question # 4

The fractional form of 8.5% is

Question # 5

Amount of interest varies from period to period in:

Question # 6

A number six time is 180 find the number

Question # 7

The methods of finding interest are:

Question # 8

Quantity discount buy 2 get 3 is equal to:

Question # 9

The formula for finding rate is

Question # 10

What percent Rs. 30 is of 300

Question # 11

The ratio between 80 and 640 is

Question # 12

Amount of annuity is always:

Question # 13

Never ending annuity is:

Question # 14

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

Question # 15

Annuity classified into categories is:

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2nd Chapter

11th Business Mathematics Chapter 2 Test

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ICom Part 1 Business Mathematics Chapter 2 Important MCQ's

Sr.# Question Answer
1 In compound interest method, the interest earned is considered as to be:
A. Reinvested
B. De-invested
C. Both a and b
D. None of these
2 If 3x + 2 = 2x + 6 then x is equal to.
A. 4
B. 5
C. 6
D. 7
3
Question Image
A. 4 : 3
B. 3 : 4
C. 9 : 3
D. 3 : 1
4 Quantity discount buy 2 get 3 is equal to:
A. 20%
B. 33 1/2 %
C. 67 2/3 %
D. None of the above
5 Interest is classified in
A. Two classes
B. Three classes
C. Four classes
D. None of these
6 The methods of finding interest are:
A. One
B. Two
C. Three
D. Four
7 At what rate you can double your amount in a years.
A. 5% p.a
B. 6% p.a
C. 8% p.a
D. 9% p.a
8 Annuity classified into categories is:
A. Four
B. Three
C. Two
D. Five
9 Sni is read us:
A. S angle i at n
B. S angle n at i
C. Amount S at i
D. Annuity S at n
10 Interest is:
A. Rent
B. Wage
C. Salary
D. Commission

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