Question # 1

Interest is classified in

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Two classes

Three classes

Four classes

None of these

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

Never ending annuity is:

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Ordinary annuity

Annuity due

Perpetuity

Annuity

The difference of cost price and sales price is called

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Profit%

Loss

Loss%

Profit

S_ni is read us:

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S angle i at n

S angle n at i

Amount S at i

Annuity S at n

Amount of annuity is always:

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Present value

Current Value

Both a and b

Future value

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4 : 3

3 : 4

9 : 3

3 : 1

Amount of interest varies from period to period in:

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Simple interest

Compound interest

Both a and b

None of these

f (x) = √x is:

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Constant function

Compound function

Not a polynomial function

None of these

The methods of finding interest are:

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One

Two

Three

Four

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

Quantity discount buy 2 get 3 is equal to:

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20%

33 1/2 %

67 2/3 %

None of the above

Interest is:

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Rent

Wage

Salary

Commission

Annuity classified into categories is:

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Four

Three

Two

Five

The ratio between 80 and 640 is

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1 : 4

2 : 4

1 :8

4 : 6

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

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