Question # 1

Annuity classified into categories is:

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Four

Three

Two

Five

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

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|A|/Adj A

|A| Adj A

Adj A/ |A|

None

The formula for finding rate is

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The difference of cost price and sales price is called

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Profit%

Loss

Loss%

Profit

Quantity discount buy 2 get 3 is equal to:

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20%

33 1/2 %

67 2/3 %

None of the above

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

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Rs. 1000

Rs. 500

Rs. 250

Rs. 200

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

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Trade discount

Cash discount

Rebate

None of these

Interest is classified in

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Two classes

Three classes

Four classes

None of these

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

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Reinvested

De-invested

Both a and b

None of these

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

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5% p.a

6% p.a

8% p.a

9% p.a

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Business Mathematics Icom Part 1 Chapter 2 Online Test MCQs With Answers

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