APPENDICES

TABLE 1(a)
Compound Interest
Annual Compounding
No. of Periods
n
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

(1 + i)n
14% per Annum
i = 0.14
1.14
1.2996
1.48154
1.68896
1.92541
2.19497
2.50227
2.85258
3.25194
3.70722
4.22622
4.8179
5.4924
6.26,133
7.13792
8.13723
9.27644
10.5751
12.0557
12.7435

10% per Annum

i = 0.10
1.1
1.21
1.331
1.4641
1.61051
1.77156
1.94872
2.14359
2.35795
2.59374
2.85312
3.13843
3.45227
3.7975
4.17725
4.59497
5.05447
5.55992
6.11591
6.7275

18% per Annum

i = 0.18
1.18
1.3924
1.64303
1.93878
2.28776
2.69955
3.18547
3.75886
4.43546
5.23384
6.17593
7.28759
8.59936
10.1472
11.9738
14.129
16.6723
19.6733
23.2144
27.393

TABLE 1(b)
Present Value of Re. 1
Annual Compounding
No. of Periods
n
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

10% per Annum

.909091
.826446
.751315
.683014
.620921
.564474
.513158
.466507
.424098
.385543
.350494
.318631
.289664
.263331
.239392
.217629
.197845
.179859
.163508
.148644

STATISTICS

Copyright -The Institute of Chartered Accountants of India

(1 + i)n
14% per Annum
.877193
.769468
.674972
.592081
.519369
.455587
.399638
.35056
.307508
.269744
.236618
.20756
.18207
.15971
.140097
.122892
.1078
.0945614
.0829486
0.72762

18% per Annum

.847458
.718184
.608631
.515789
.437109
.370432
.313925
.266038
.225456
.191064
.161919
.137219
.116288
.0985489
.083516
.0707763
.0599799
.0508304
.0430766
.0365056

A.1

APPENDICES
TABLE 2(a)
Present Value of an Annuity
Annual Compounding
No. of
Periods
n
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19

10% per Annum

P(n, i)
1/P(n, i)

14% per Annum

P(n, i)
1/P(n, i)

18% per Annum

P(n, i)
1/P(n, i)

.909091
1.73554
2.48685
3.16987
3.79079
4.35526
4.86842
5.33493
5.75902
6.14457
6.49506
6.81369
7.10336
7.36669
7.60608
7.82371
8.02155
8.20141
8.36492

1.1
.576191
.402115
.315471
.263798
.229607
.205406
.187444
.173641
.162745
.153963
.146763
.140779
.135746
.131474
.127817
.124664
.12193
.119547

.877192
1.64666
2.32163
2.91371
3.43308
3.88867
4.2883
4.63886
4.94637
5.21611
5.45273
5.66029
5.84236
6.00207
6.14217
6.26506
6.37286
6.46742
6.55037

1.14
.60729
.430732
.343205
.291284
.257158
.233193
.21557
.202169
.191714
.183394
.176669
.171164
.166609
.162809
.159615
.156915
.154621
.152663

.847458
1.56564
2.17427
2.69006
3.12717
3.4976
3.81153
4.07757
4.30302
4.49409
4.65601
4.79323
4.90951
5.00806
5.09158
5.16236
5.22233
5.27316
5.31624

1.18
.638716
.459924
.371739
.319778
.28591
.262362
.245244
.232395
.222515
.214776
.208628
.203686
.199678
.196403
.19371
.191485
.189639
.188103

20

8.51356

.11746

6.62313

.150986

5.35275

.18682

TABLE 2(b)
Amount of an Annuity
Annual Computing
No. of
Periods
n
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

10% per Annum

A(n, i)
1/A(n, i)
1,000000
2.100000
3.310000
4,641000
6.105100
7.71561006
9,48717108
11.4358882
13.579477
15.9374248
18.5311672
21.384284
24.5227124
27.9749837
31.772482
35.9497303
40.5447033
45.5991737
51.1590911
57.274999

.999999994
.476190473
.302114802
.215470802
.16379748
.129607379
.105405499
.0874440168
0.736405385
.0627453949
0.539631415
.0467633146
.0407785234
.0357462229
.0314737765
.0278166204
.0246641341
.021930222
.019546868
.0174596250

14% per Annum

A(n, i)
1/A(n, i)
1.00000001
2.14000001
3.43960003
4.92114404
6.61010421
8.53551881
10.7304915
13.2327603
16.0853467
19.3372953
23.0445166
27.270749
32.0886539
37.5810655
43.8424147
50.9803528
59.1176022
68.3940666
78.969236
91.0249291

A.2

Copyright -The Institute of Chartered Accountants of India

999999993
.467289717
.290731478
.203204782
.151283545
.117157495
.0931923765
0.755700232
.0621683833
0.517135403
.043394271
.0366693265
.0311636631
.0266091445
.0228089627
.0196153998
.0169154357
.0146211514
.0126631591
.0109860014

18% per Annum

A(n, i)
1/A(n, i)
1
2.18000001
3.57240001
5.21543202
7.15420979
9.44196755
12.1415217
15.3269956
19.0858549
23.5213088
28.7551443
34.9310704
42.218663
50.8180224
60.9652664
72.9390144
87.0680371
103.740284
123.413535
146.627971

.999999996
.458715595
.27992386
.19173867
.139777841
.105910129
.082361999
.0652443586
.0523948237
.0425146411
.034776386
.0286278087
.0236862072
0.196780582
.0164027824
.0137100838
.011485271
.00963945696
.00810283897
.00681998115

COMMON PROFICIENCY TEST

TABLE 3
Future Value and Present Value
i=
n

(1 + i)n

1
4

i = rate of interest per period, n = number of periods

1
i=
%
2
(1 + i)n

(1 + i)n

(1 + i)n

i=
(1 + i)n

3
4

%
(1 + i)n

1
2
3
4
5

1.0025
1.0050
1.0075
1.0100
1.0125

0000
0625
1877
3756
6266

0.9975
0.9950
0.9925
0.9900
0.9875

0623
1869
3734
6219
9321

1.0050
1.0100
1.0150
1.0201
1.0252

0000
2500
7513
5050
5125

0.9950
0.9900
0.9851
0.9802
0.9753

2488
7450
4876
4752
7067

1.0075
1.0150
1.0226
1.0303
1.0380

0000
5625
6917
3919
6673

0.9925
0.9851
0.9778
0.9705
0.9633

5583
6708
3333
5417
2920

6
7
8
9
10

1.0150
1.0176
1.0201
1.0227
1.0252

9406
3180
7588
2632
8313

0.9851
0.9826
0.9802
0.9777
0.9753

3038
7370
2314
7869
4034

1.0303
1.0355
1.0407
1.0459
1.0511

7751
2940
0704
1058
4013

0.9705
0.9656
0.9608
0.9561
0.9513

1808
8963
8520
0468
4794

1.0458
1.0536
1.0615
1.0695
1.0775

5224
9613
9885
6084
8255

0.9561
0.9490
0.9419
0.9349
0.9280

5802
4022
7540
6318
0315

11
12
13
14
15

1.0278
1.0304
1.0329
1.0355
1.0381

4634
1596
9200
7448
6341

0.9729
0.9704
0.9680
0.9656
0.9632

0807
8187
6171
4759
3949

1.0563
1.0616
1.0669
1.0723
1.0776

9583
7781
8620
2113
8274

0.9466
0.9419
0.9372
0.9325
0.9279

1487
0534
1924
5646
1688

1.0856
1.0938
1.1020
1.1102
1.1186

6441
0690
1045
7553
0259

0.9210
0.9142
0.9074
0.9006
0.8939

9494
3815
3241
7733
7254

16
17
18
19
20

1.0407
1.0433
1.0459
1.0485
1.0512

5882
6072
6912
8404
0550

0.9608
0.9584
0.9560
0.9536
0.9512

3740
4130
5117
6700
8878

1.0830
1.0884
1.0939
1.0993
1.1048

7115
8651
2894
9858
9558

0.9233
0.9187
0.9141
0.9095
0.9050

0037
0684
3616
8822
6290

1.1269
1.1354
1.1439
1.1525
1.1611

9211
4455
6039
4009
8414

0.8873
0.8307
0.8741
0.8676
0.8611

1766
1231
5614
4878
8985

21
22
23
24
25

1.0538
1.0564
1.0591
1.0617
1.0644

3352
6810
0927
5704
1144

0.9489
0.9465
0.9441
0.9418
0.9394

1649
5011
8964
3505
8634

1.1104
1.1159
1.1215
1.1271
1.1327

2006
7216
5202
5978
9558

0.9005
0.8960
0.8916
0.8871
0.8827

6010
7971
2160
8567
7181

1.1698
1.1786
1.1875
1.1964
1.2053

9302
6722
0723
1353
8663

0.8547
0.8484
0.8421
0.8358
0.8296

7901
1589
0014
3140
0933

26
27
28
29
30

1.0670
1.0697
1.0724
1.0750
1.0777

7247
4015
1450
9553
8327

0.9371
0.9348
0.9324
0.9301
0.9278

4348
0646
7527
4990
3032

1.1384
1.1441
1.1498
1.1556
1.1614

5955
5185
7261
2197
0008

0.8783
0.8740
0.8696
0.8653
0.8610

7991
0986
6155
3488
2973

1.2144
1.2235
1.2327
1.2419
1.2512

2703
3523
1175
5709
7176

0.8234
0.8173
0.8112
0.8051
0.7991

3358
0380
1966
8080
8690

31
32
33
34
35

1.0804
1.0831
1.0858
1.0886
1.0913

7773
7892
8687
0159
2309

0.9255
0.9232
0.9209
0.9186
0.9163

1653
0851
0624
0972
1892

1.1672
1.1730
1.1789
1.1848
1.1907

0708
4312
0833
0288
2689

0.8567
0.8524
0.8482
0.8440
0.8398

4600
8358
4237
2226
2314

1.2606
1.2701
1.2796
1.2892
1.2989

5630
1122
3706
3434
0359

0.7932
0.7873
0.7814
0.7756
0.7698

3762
3262
7158
5418
8008

36
37
38
39
40

1.0940
1.0967
1.0995
1.1022
1.1050

5140
8653
2850
7732
3301

0.9140
0.9117
0.9094
0.9072
0.9049

3384
5445
8075
1272
5034

1.1966
1.2026
1.2086
1.2147
1.2207

8052
6393
7725
2063
9424

0.8356
0.8314
0.8273
0.8232
0.8191

4492
8748
5073
3455
3886

1.3086
1.3184
1.3283
1.3383
1.3483

4537
6021
4866
1128
4861

0.7641
0.7584
0.7528
0.7472
0.7416

4896
6051
1440
1032
4796

41
42
43
44
45

1.1077
1.1105
1.1133
1.1161
1.1189

9559
6508
4149
2485
1516

0.9026
0.9004
0.8981
0.8959
0.8937

9361
4250
9701
5712
2281

1.2268
1.2330
1.2391
1.2453
1.2516

9821
3270
9786
9385
2082

0.8150
0.8110
0.8069
0.8029
0.7989

6354
0850
7363
5884
6402

1.3584
1.3686
1.3789
1.3892
1.3996

6123
4969
1456
5642
7584

0.7361
0.7306
0.7252
0.7198
0.7144

2701
4716
0809
0952
5114

46
47
48
49
50

1.1217
1.1245
1.1273
1.1301
1.1329

1245
1673
2802
4634
7171

0.8914
0.8892
0.8870
0.8848
0.8826

9407
7090
5326
4116
3457

1.2578
1.2641
1.2704
1.2768
1.2832

7892
6832
8916
4161
2581

0.7949
0.7910
0.7870
0.7831
0.7792

8907
3390
9841
8250
8607

1.4101
1.4207
1.4314
1.4421
1.4529

7341
4971
0533
4087
5693

0.7091
0.7038
0.6986
0.6934
0.6882

3264
5374
1414
1353
5165

STATISTICS

Copyright -The Institute of Chartered Accountants of India

A.3

APPENDICES
i =1

i =1%
n

(1 + i)n

(1 + i)n

(1 + i)n

1
4

i =1

%
(1 + i)n

(1 + i)n

1
2

%
(1 + i)n

1
2
3
4
5

1.0100
1.0201
1.0303
1.0406
1.0510

0000
0000
0100
0401
1005

0.9900
0.9802
0.9705
0.9609
0.9514

9901
9605
9015
8034
6569

1.0125
1.0251
1.0379
1.0509
1.0640

0000
5625
7070
4534
8215

0.9876
0.9754
0.9634
0.9515
0.9397

5432
6106
1833
2428
7706

1.0150
1.0302
1.0456
1.0613
1.0772

0000
2500
7838
6355
8400

0.9852
0.9706
0.9563
0.9421
0.9282

2167
6175
1699
8423
6033

6
7
8
9
10

1.0615
1.0721
1.0828
1.0936
1.1046

2015
3535
5671
8527
2213

0.9420
0.9327
0.9234
0.9143
0.9052

4524
1805
8322
3982
8695

1.0773
1.0908
1.1044
1.1182
1.1322

8318
5047
8610
9218
7083

0.9281
0.9167
0.9053
0.8942
0.8831

7488
1593
9845
2069
8093

1.0934
1.1098
1.1264
1.1433
1.1605

4326
4491
9259
8998
4083

0.9145
0.9010
0.8877
0.8745
0.8616

4219
2679
1112
9224
6723

11
12
13
14
15

1,1156
1.1268
1.1380
1.1494
1.1609

6835
2503
9328
7421
6896

0.8963
0.8874
0.8786
0.8699
0.8613

2372
4923
6260
6297
4947

1,1464
1.1607
1.1752
1.1899
1.2048

2422
5452
6395
5475
2918

0.8722
0.8615
0.8508
0.8403
0.8299

7746
0860
7269
6809
9318

1.1779
1.1956
1.2135
1.2317
1.2502

4894
1817
5244
5573
3207

0.8489
0.8363
0.8240
0.8118
0.7998

3323
8742
2702
4928
5150

16
17
18
19
20

1.1725
1.1843
1.1961
1.2081
1.2201

7864
0443
4748
0895
9004

0.8528
0.8443
0.8360
0.8277
0.8195

2126
7749
1731
3992
4447

1.2198
1.2351
1.2505
1.2662
1.2820

8955
3817
7739
0961
3723

0.8197
0.8096
0.7996
0.7897
0.7800

4635
2602
3064
5866
0855

1.2689
1.2880
1.3073
1.3269
1.3468

8555
2033
4064
5075
5501

0.7880
0.7763
0.7649
0.7536
0.7424

3104
8526
1159
0747
7042

21
22
23
24
25

1.2323
1.2447
1.2571
1.2697
1.2824

9194
1586
6302
3465
3200

0.8114
0.8033
0.7954
0.7875
0.7797

3017
9621
4179
6613
6844

1.2980
1.3142
1.3307
1.3473
1.3641

6270
8848
1709
5105
9294

0.7703
0.7608
0.7514
0.7421
0.7330

7881
6796
7453
9707
3414

1.3670
1.3875
1.4083
1.4295
1.4509

5783
6370
7715
0281
4535

0.7314
0.7206
0.7100
0.6995
0.6892

9795
8763
3708
4392
0583

26
27
28
29
30

1.2952
1.3082
1.3212
1.3345
1.3478

5631
0888
9097
0388
4892

0.7720
0.7644
0.7568
0.7493
0.7419

4796
0392
3557
4215
2292

1.3812
1.3985
1.4159
1.4336
1.4516

4535
1092
9230
9221
1336

0.7239
0.7150
0.7062
0.6974
0.6888

8434
4626
1853
9978
8867

1.4727
1.4948
1.5172
1.5399
1.5630

0953
0018
2218
8051
8022

0.6790
0.6689
0.6590
0.6493
0.6397

2052
8574
9925
5887
6243

31
32
33
34
35

1.3613
1.3749
1.3886
1.4025
1.4166

2740
4068
9009
7699
0276

0.7345
0.7273
0.7201
0.7129
0.7059

7715
0411
0307
7334
1420

1.4697
1.4881
1.5067
1.5255
1.5446

5853
3051
3214
6629
3587

0.6803
0.6719
0.6636
0.6554
0.6474

8387
8407
8797
9429
0177

1.5865
1.6103
1.6344
1.6589
1.6838

2642
2432
7918
9637
8132

0.6303
0.6209
0.6118
0.6027
0.5938

0781
9292
1568
7407
6608

36
37
38
39
40

1.4307
1.4450
1.4595
1.4741
1.4888

6878
7647
2724
2251
6373

0.6989
0.6920
0.6851
0.6783
0.6716

2495
0490
5337
6967
5314

1.5639 4382
1.5834 9312
1.6032 8678
16233 2787
1.6436 1946

0.6394 0916
0.6315 1522
0.6237 1873
06160 1850
0.6084 1334

1.7091
1.7347
1.7607
1.7872
1.8140

3954
7663
9828
1025
1841

0.5850
0.5764
0.5679
0.5595
0.5512

8974
4309
2423
3126
6232

41
42
43
44
45

1.5037
1.5187
1.5339
1.5493
1.5648

5237
8989
7779
1757
1075

0.6650
0.6584
0.6518
0.6454
0.6390

0311
1892
9992
4546
5492

1.6641
1.6849
1.7060
1.7273
1.7489

6471
6677
2885
5421
4614

0.6009
0.5934
0.5861
0.5789
0.5717

0206
8352
5656
2006
7290

1.8412
1.8688
1.8968
1.9253
1.9542

2868
4712
7982
3302
1301

0.5431
0.5350
0.5271
0.5193
0.5117

1559
8925
8153
9067
1494

46
47
48
49
50

1.5804
1.5962
1.6122
1.6283
1.6446

5885
6344
2608
4834
3182

0.6327
0.6264
0.6202
0.6141
0.6080

2764
6301
6041
1921
3882

1.7708
1.7929
1.8153
1.8380
1.8610

0797
4306
5485
4679
2237

0.5647
0.5577
0.5508
0.5440
0.5373

1397
4219
5649
5579
3905

1.9835
2.0132
2.0434
2.0741
2.1052

2621
7910
7829
3046
4242

0.5041
0.4967
0.4893
0.4821
0.4750

5265
0212
6170
2975
0468

A.4

Copyright -The Institute of Chartered Accountants of India

COMMON PROFICIENCY TEST

3
i=1 %
4
n

(1 + i)n

1
i=2 %
4

i = 2%
(1 + i)n

(1 + i)n

(1 + i)n

(1 + i)n

(1 + i)n

1
2
3
4
5

1.0175
1.0353
1.0534
1.0718
1.0906

0000
0625
2411
5903
1656

0.9828
0.9658
0.9492
0.9329
0.9169

0098
9777
8528
5851
1254

1.0200
1.0404
1.0612
1.0824
1.1040

0000
0000
0800
3216
8080

0.9803
0.9611
0.9423
0.9238
0.9057

9216
6878
2233
4543
3081

1.0225
1.0455
1.0690
1.0930
1.1176

0000
0625
3014
8332
7769

0.9779
0.9564
0.9354
0.9148
0.8947

9511
7444
2732
4335
1232

6
7
8
9
10

1.1097
1.1291
1.1488
1.1689
1.1894

0235
2215
8178
8721
4449

0.9011
0.8856
0.8704
0.8554
0.8407

4254
4378
1157
4135
2860

1.1261
1.1486
1.1716
1.1950
1.2189

6242
8567
5938
9257
9442

0.8879
0.8705
0.8534
0.8367
0.8203

7138
6018
9037
5527
4830

1.1428
1.1685
1.1948
1.2217
1.2492

2544
3901
3114
1484
0343

0.8750
0.8557
0.8369
0.8185
0.8005

2427
6946
3835
2161
1013

11
12
13
14
15

1.2102
1.2314
1.2529
1.2749
1.2972

5977
3931
8950
1682
2786

0.8262
0.8120
0.7980
0.7843
0.7708

6889
5788
9128
6490
7459

1.2433
1.2682
1.2936
1.3194
1.3458

7431
4179
0663
7876
6834

0.8042
0.7884
0.7730
0.7578
0.7430

6304
9318
3253
7502
1473

1.2773
1.3060
1.3354
1.3654
1.3962

1050
4999
3611
8343
0680

0.7828
0.7656
0.7488
0.7323
0.7162

9499
6748
1905
4137
2628

16
17
18
19
20

1.3199
1.3430
1.3665
1.3904
1.4147

2935
2811
3111
4540
7820

0.7576
0.7445
0.7317
0.7191
0.7068

1631
8605
7990
9401
2458

1.3727
1.4002
1.4282
1.4568
1.4859

8571
4142
4625
1117
4740

0.7284
0.7141
0.7001
0.6864
0.6729

4581
6256
5937
3076
7133

1.4276
1.4597
1.4925
1.5261
1.5605

2146
4294
8716
7037
0920

0.7004
0.6850
0.6699
0.6552
0.6408

6580
5212
7763
3484
1647

21
22
23
24
25

1.4395
1.4647
1.4903
1.5164
1.5429

3681
2871
6146
4279
8054

0.6946
0.6827
0.6709
0.6594
0.6480

6789
2028
7817
3800
9632

1.5156
1.5459
1.5768
1.6084
1.6406

6634
7967
9926
3725
0599

0.6597
0.6468
0.6341
0.6217
0.6095

7582
3904
5592
2149
3087

1.5956
1.6315
1.6682
1.7057
1.7441

2066
2212
3137
6658
4632

0.6267
0.6129
0.5994
0.5862
0.5733

1538
2457
3724
4668
4639

26
27
28
29
30

1.5699
1.5974
1.6254
1.6538
1.6828

8269
5739
1290
5762
0013

0.6369
0.6259
0.6152
0.6046
0.5942

4970
9479
2829
4697
4764

1.6734
1.7068
1.7410
1.7758
1.8113

1811
8648
2421
4469
6158

0.5975
0.5858
0.5743
0.5631
0.5520

7928
6204
7455
1231
7089

1.7833
1.8235
1.8645
1.9064
1.9493

8962
1588
4499
9725
9344

0.5607
0.5483
0.5363
0.5245
0.5129

2997
9117
2388
2213
8008

31
32
33
34
35

1.7122
1.7422
1.7727
1,8037
1.8352

4913
1349
0223
2452
8970

0.5840
0.5739
0.5641
0.5544
0.5448

2716
8247
1053
0839
7311

1.8475
1.8845
1.9222
1.9606
1.9998

8882
4059
3140
7603
8955

0.5412
0.5306
0.5205
0.5100
0.5000

4597
3330
2873
2817
2761

1.9932
2.0381
2.0839
2.1308
2.1787

5479
0303
6034
4945
9356

0.5016
0.4906
0.4798
0.4692
0.4589

9201
5233
5558
9641
6960

36
37
38
39
40

1.8674
1.9000
1.9333
1.9671
2.0015

0727
8689
3841
7184
9734

0.5355
0.5262
0.5172
0.5083
0.4996

0183
9172
4002
4400
0098

2.0398
2.0806
2.1222
2.1647
2.2080

8734
8509
9879
4477
3966

0.4902
0.4806
0.4711
0.4619
0.4528

2315
1093
8719
4822
9042

2.2278
2.2779
2.3291
2.3816
2.4351

1642
4229
9599
0290
8897

0.4488
0.4389
0.4293
0.4198
0.4106

7002
9268
3270
8528
4575

41
42
43
44
45

2.0366
2.0722
2.1085
2.1454
2.1829

2530
6624
3090
3019
7522

0.4910
0.4825
0.4742
0.4661
0.4580

0834
6348
6386
0699
9040

2.2522
2.2972
2.3431
2.3900
2.4378

0046
4447
8936
5314
5421

0.4440
0.4353
0.4267
0.4184
0.4101

1021
0413
6875
0074
9680

2.4899
2.5460
2.6032
2.6618
2.7217

8072
0528
9040
6444
5639

0.4016
0.3927
0.3841
0.3756
0.3674

0954
7216
2925
7653
0981

46
47
48
49
50

2.2211
2.2600
2.2995
2.3398
2.3807

7728
4789
9872
4170
8893

0.4502
0.4424
0.4348
0.4273
0.4200

1170
6850
5848
7934
2883

2.4866
2.5363
2.5870
2.6388
2.6915

1129
4352
7039
1179
8803

0.4021
0.3942
0.3865
0.3789
0.3715

5373
6836
3761
5844
2788

2.7829
2.8456
2.9096
2.9751
3.0420

9590
1331
3961
0650
4640

0.3593
0.3514
0.3436
0.3361
0.3287

2500
1809
8518
2242
2608

STATISTICS

Copyright -The Institute of Chartered Accountants of India

A.5

APPENDICES
i=2
n

(1 + i)n

1
2

1
i=3 %
2

i = 3%

%
(1 + i)n

(1 + i)n

(1 + i)n

(1 + i)n

(1 + i)n

1
2
3
4
5

1.0250
1.0506
1.0768
1.1038
1.1314

0000
2500
9063
1289
0821

0.9756
0.9518
0.9285
0.9059
0.8838

0976
1440
9941
5064
5429

1.0300
1.0609
1.0927
1.1255
1.1592

0000
0000
2700
0881
7407

0.9708
0.9425
0.9151
0.8884
0.8626

7379
9591
4166
8705
0878

1.0350
1.0712
1.1087
1.1475
1.1876

0000
2500
1788
2300
8631

0.9661
0.9335
0.9019
0.8714
0.8419

8357
1070
4271
4223
7317

6
7
8
9
10

1.1596
1.1886
1.2184
1.2488
1.2800

9342
8575
0290
6297
8454

0.8622
0.8412
0.8207
0.8007
0.7811

9687
6524
4657
2836
9840

1.1940
1.2298
1.2667
1.3047
1.3439

5230
7387
7008
7318
1638

0.8374
0.8130
0.7894
0.7664
0.7440

8426
9151
0923
1673
9391

1.2292
1.2722
1.3168
1.3628
1.4105

5533
7926
0904
9735
9876

0.8135
0.7859
0.7594
0.7337
0.7089

0064
9096
1156
3097
1881

11
12
13
14
15

1.3120
1.3448
1.3785
1.4129
1.4482

8666
8882
1104
7382
9817

0.7621
0.7435
0.7254
0.7077
0.6904

4478
5589
2038
2720
6556

1.3842
1.4257
1.4685
1.5125
1.5579

3387
6089
3371
8972
6742

0.7224
0.7013
0.6809
0.6611
0.6418

2128
7988
5134
1781
6195

1.4599
1.5110
1.5639
1.6186
1.6753

6972
6866
5606
9452
4883

0.6849
0.6617
0.6394
0.6177
0.5968

4571
8330
0415
8179
9062

16
17
18
19
20

1.4845
1.5216
1.5596
1.5986
1.6386

0562
1826
5872
5019
1644

0.6736
0.6571
0.6411
0.6255
0.6102

2493
9506
6591
2772
7094

1.6047
1.6528
1.7024
1.7535
1.8061

0644
4763
3306
0605
1123

0.6231
0.6050
0.5873
0.5702
0.5536

6694
1645
9461
8603
7575

1.7339
1.7946
1.8574
1.9225
1.9897

8604
7555
8920
0132
8886

0.5767
0.5572
0.5383
0.5201
0.5025

0591
0378
6114
5569
6588

21
22
23
24
25

1.6795
1,7215
1.7646
1.8087
1.8539

8185
7140
1068
2595
4410

0.5953
0.5808
0.5666
0.5528
0.5393

8629
6467
9724
7535
9059

1.8602
1,9161
1.9735
2.0327
2.0937

9457
0341
8651
9411
7793

0.5375
0.5218
0.5066
0.4919
0.4776

4928
9250
9175
3374
0557

2.0594
2,1315
2.2061
2.2833
2.3632

3147
1158
1448
2849
4498

0.4855
0.4691
0.4532
0.4379
0.4231

7090
5063
8563
5713
4699

26
27
28
29
30

1.9002
1.9478
1.9964
2.0464
2.0975

9270
0002
9502
0739
6758

0.5262
0.5133
0.5008
0.4886
0.4767

3472
9973
7778
6125
4269

2.1565
2.2212
2.2879
2.3565
2.4272

9127
8901
2768
6551
6247

0.4636
0.4501
0.4370
0.4243
0.4119

9473
8906
7675
4636
8676

2.4459
2.5315
2.6201
2.7118
2.8067

5856
6711
7196
7798
9370

0.4088
0.3950
0.3816
0.3687
0.3562

3767
1224
5434
4815
7841

31
32
33
34
35

2.1500
2.2037
2.2588
2.3153
2.3732

0677
5694
5086
2213
0519

0.4651
0.4537
0.4427
0.4319
0.4213

1481
7055
0298
0534
7107

2.5000
2.5750
2.6523
2.7319
2.8138

8035
8276
3524
0530
6245

0.3999
0.3883
0.3770
0.3660
0.3553

8715
3703
2625
4490
8340

2.9050
3.0067
3.1119
3.2208
3.3335

3148
0759
4235
6033
9045

0.3442
0.3325
0.3213
0.3104
0.2999

3035
8971
4271
7605
7686

36
37
38
39
40

2.4325
2.4933
2.5556
2.6195
2.6850

3532
4870
8242
7448
6384

0.4110
0.4010
0.3912
0.3817
0.3724

9372
6705
8492
4139
3062

2.8982
2.9852
3.0747
3.1670
3.2620

7833
2668
8348
2698
3779

0.3450
0.3349
0.3252
0.3157
0.3065

3243
8294
2615
5355
5684

3.4502
3.5710
3.6960
3.8253
3.9592

6611
2543
1132
7171
5972

0.2898
0.2800
0.2705
0.2614
0.2525

3272
3161
6194
1250
7247

41
42
43
44
45

2.7521
2.8209
2.8915
2.9638
3.0379

9043
9520
2008
0808
0328

0.3633 4695
0.3544 8483
0.3458 3886
03374 0376
0.3291 7440

3.3598
3.4606
3.5645
3.6714
3.7815

9893
9589
1677
5227
9584

0.2976
0.2889
0.2805
0.2723
0.2644

2800
5922
4294
7178
3862

4.0978
4.2412
4.3897
4.5433
4.7023

3381
5799
0202
4160
5855

0.2440
0.2357
0.2278
0.2201
0.2126

3137
7910
0590
0231
5924

46
47
48
49
50

3.1138
3.1916
3.2714
3.3532
3.4371

5086
9713
8956
7680
0872

0.3211
0.3133
0.3056
0.2982
0.2909

3.8950
4.0118
4.1322
4.2562
4.3839

4372
9503
5188
1944
0602

0.2567
0.2492
0.2419
0.2349
0.2281

3653
5876
9880
5029
0708

4.8669
5.0372
5.2135
5.3960
5.5849

4110
8404
8898
6459
2686

0.2054
0.1985
0.1918
0.1853
0.1790

6787
1968
0645
2024
5337

4576
1294
7116
1576
4221

A.6

Copyright -The Institute of Chartered Accountants of India

COMMON PROFICIENCY TEST

1
i=4 %
2

i = 4%
n

(1 + i)n

(1 + i)n

(1 + i)n

i = 5%
(1 + i)n

(1 + i)n

(1 + i)n

1
2
3
4
5

1.0400
1.0816
1.1248
1.1698
1.2166

0000
0000
6400
5856
5290

0.9615
0.9245
0.8889
0.8548
0.8219

3846
5621
9636
0419
2711

1.0450
1.0920
1.1411
1.1925
1.2461

0000
2500
6613
1860
8194

0.9569
0.9157
0.8762
0.8382
0.8024

3780
2995
9660
6134
5105

1.0500
1.1025
1.1576
1.2155
1.2762

0000
0000
2500
0625
8156

0.9523
0.9070
0.8638
0.8227
0.7835

8095
2948
3760
0247
2617

6
7
8
9
10

1.2653
1.3159
1.3685
1.4233
1.4802

1902
3178
6905
1181
4428

0.7903
0.7599
0.7306
0.7025
0.6755

1453
1781
9021
8674
6417

1.3022
1.3608
1.4221
1.4860
1.5529

6012
6183
0061
9514
6942

0.7678
0.7348
0.7031
0.6729
0.6439

9574
2846
8513
0443
2768

1.3400
1.4071
1.4774
1.5513
1.6288

9564
0042
5544
2822
9463

0.7462
0.7106
0.6768
0.6446
0.6139

1540
8133
3936
0892
1325

11
12
13
14
15

1.5394
1.6010
1.6650
1.7316
1.8009

5406
3222
7351
7645
4351

0.6495
0.6245
0.6005
0.5774
0.5552

8093
9705
7409
7508
6450

1.6228
1.6958
1.7721
1.8519
1.9352

5305
8143
9610
4492
8244

0.6161
0.5896
0.5642
0.5399
0.5167

9874
6386
7164
7286
2044

1.7103
1.7958
1.8856
1.9799
2.0789

3936
5633
4914
3160
2818

0.5846
0.5568
0.5303
0.5050
0.4810

7929
3742
2135
6795
1710

16
17
18
19
20

1.8729
1.9479
2.0258
2.1068
2.1911

8125
0050
1652
4918
2314

0.5339
0.5133
0.4936
0.4746
0.4563

0818
7325
2812
4242
8695

2.0223
2.1133
2.2084
2.3078
2.4117

7015
7681
7877
6031
1402

0.4944
0.4731
0.4528
0.4333
0.4146

6932
7639
0037
0179
4286

2.1828
2.2920
2.4066
2.5269
2.6532

7459
1832
1923
5020
9771

0.4581
0.4362
0.4155
0.3957
0.3768

1152
9669
2065
3396
8948

21
22
23
24
25

2.2787
2.3699
2.4647
2.5633
2.6658

6807
1879
1554
0416
3633

0.4388
0.4219
0.4057
0.3901
0.3751

3360
5539
2633
2147
1680

2.5202
2.6336
2.7521
2.8760
3.0054

4116
5201
6635
1383
3446

0.3967
0.3797
0.3633
0.3477
0.3327

8743
0089
5013
0347
3060

2.7859
2.9252
3.0715
3.2250
3.3863

6259
6072
2376
9994
5494

0.3589
0.3418
0.3255
0.3100
0.2953

4236
4987
7131
6791
0277

26
27
28
29
30

2.7724
2.8833
2.9987
3.1186
3.2433

6978
6858
0332
5145
9751

0.3606
0.3468
0.3334
0.3206
0.3083

8923
1657
7747
5141
1867

3.1406
3.2820
3.4296
3.5840
3.7453

7901
0956
9999
3649
1813

0.3184
0.3046
0.2915
0.2790
0.2670

0248
9137
7069
1502
0002

3.5556
3.7334
3.9201
4.1161
4.3219

7269
5632
2914
3560
4238

0.2812
0.2678
0.2550
0.2429
0.2313

4073
4832
9364
4632
7745

31
32
33
34
35

3.3731
3.5080
3.6483
3.7943
3.9460

3341
5875
8110
1634
8899

0.2964
0.2850
0.2740
0.2635
0.2534

6026
5794
9417
5209
1547

3.9138
4.0899
4.2740
4.4663
4.6673

5745
8104
3018
6154
4781

0.2555
0.2444
0.2339
0.2238
0.2142

0241
9991
7121
9589
5444

4.5380
4.7649
5.0031
5.2533
5.5160

3949
4147
8854
4797
1537

0.2203
0.2098
0.1998
0.1903
0.1812

5947
6617
7254
5480
9029

36
37
38
39
40

4.1039
4.2680
4.4388
4.6163
4.8010

3255
8986
1345
6599
2063

0.2436
0.2342
0.2252
0.2166
0.2082

6872
9685
8543
2061
8904

4.8773
5.0968
5.3262
5.5658
5.8163

7846
6049
1921
9908
6454

0.2050
0.1961
0.1877
0.1796
0.1719

2817
9921
5044
6549
2870

5.7918
6.0814
6.3854
6.7047
7.0399

1614
0694
7729
5115
8871

0.1726
0.1644
0.1566
0.1491
0.1420

5741
3563
0536
4797
4568

41
42
43
44
45

4.9930
5.1927
5.4004
5.6165
5.8411

6145
8391
9527
1508
7568

0.2002
0.1925
0.1851
0.1780
0.1711

7793
7493
6820
4635
9841

6.0781
6.3516
6.6374
6.9361
7.2482

0094
1548
3818
2290
4843

0.1645
0.1574
0.1506
0.1441
0.1379

2507
4026
6054
7276
6437

7.3919
7.7615
8.1496
8.5571
8.9850

8815
8756
6693
5028
0779

0.1352
0.1288
0.1227
0.1168
0.1112

8160
3962
0440
6133
9651

46
47
48
49
50

6.0748
6.3178
6.5705
6.8333
7.1066

2271
1562
2824
4937
8335

0.1646
0.1582
0.1521
0.1463
0.1407

1386
8256
9476
4112
1262

7.5744
7.9152
8.2714
8.6436
9.0326

1961
6849
5557
7107
3627

0.1320
0.1263
0.1208
0.1156
0.1107

2332
3810
9771
9158
0965

9.4342 5818
9.9059 7109
10.4012 6965
10.9213 3313
11.4673 9979

0.1059
0.1009
0.0961
0.0915
0.0872

9668
4921
4211
6391
0373

STATISTICS

Copyright -The Institute of Chartered Accountants of India

A.7

APPENDICES
i = 6%
n

(1 + i)n

i = 7%
(1 + i)n

(1 + i)n

i = 8%
(1 + i)n

(1 + i)n

(1 + i)n

1
2
3
4
5

1.0600
1.1236
1.1910
1.2624
1.3382

0000
0000
1600
7696
2558

0.9433
0.8899
0.8396
0.7920
0.7472

9623
9644
1928
9366
5817

1.0700
1.1449
1.2250
1.3107
1.4025

0000
0000
4300
9601
5173

0.9345
0.8734
0.8162
0.7628
0.7129

7944
3873
9788
9521
8618

1.0800
1.1664
1.2597
1.3604
1.4693

0000
0000
1200
8896
2808

0.9259
0.8573
0.7938
0.7350
0.6805

2593
3882
3224
2985
8320

6
7
8
9
10

1.4185
1.5036
1.5938
1.6894
1.7908

1911
3026
4807
7896
4770

0.7049
0.6650
0.6274
0.5918
0.5583

6054
5711
1237
9846
9478

1.5007
1.6057
1.7181
1.8384
1.9671

3035
8148
8618
5921
5136

0.6663
0.6227
0.5820
0.5439
0.5083

4222
4974
0910
3374
4929

1.5868
1.7138
1.8509
1.9990
2.1589

7432
2427
3021
0463
2500

0.6301
0.5834
0.5402
0.5002
0.4631

6963
9040
6888
4897
9349

11
12
13
14
15

1.8982
2.0121
2.1329
2.2609
2.3965

9856
9647
2826
0396
5819

0.5267
0.4969
0.4688
04423
0.4172

8753
6936
3902
0096
6506

2.1048
2.2521
2.4098
2.5785
2.7590

5195
9159
4500
3415
3154

0.4750
0.4440
0.4149
0.3878
0.3624

9280
1196
6445
1724
4602

2.3316
2.5181
2.7196
2.9371
3.1721

3900
7012
2373
9362
6911

0.4288
0.3971
0.3676
0.3404
0.3152

8286
1376
9792
6104
4170

16
17
18
19
20

2.5403
2.6927
2.8543
3.0255
3.2071

5168
7279
3915
9950
3547

0.3936
0.3713
0.3503
0.3305
0.3118

4628
6442
4379
1301
0473

2.9521
3.1588
3.3799
3.6165
3.8696

6375
1521
3228
2754
8446

0.3387
0.3165
0.2958
0.2765
0.2584

3460
7439
6392
0833
1900

3.4259
3.7000
3.9960
4.3157
4.6609

4264
1805
1950
0106
5714

0.2918
0.2702
0.2502
0.2317
0.2145

9047
6895
4903
1206
4821

21
22
23
24
25

3.3995
3.6035
3.8197
4.0489
4.2918

6360
3742
4966
3464
7072

0.2941
0.2775
0.2617
0.2469
0.2329

5540
0510
9726
7855
9863

4.1405
4.4304
4.7405
5.0723
5.4274

6237
0174
2986
6695
3264

0.2415
0.2257
0.2109
0.1971
0.1842

1309
1317
4688
4662
4918

5.0338
5.4365
5.8714
6.3411
6.8484

3372
4041
6365
8074
7520

0.1986
0.1839
0.1703
0.1576
0.1460

5575
4051
1528
9934
1790

26
27
28
29
30

4.5493
4.8223
5.1116
5.4183
5.7434

8296
4594
8670
8790
9117

0.2198
0.2073
0.1956
0.1845
0.1741

1003
6795
3014
5674
1013

5.8073
6.2138
6.6488
7.1142
7.6122

5292
6763
3836
5705
5504

0.1721
0.1609
0.1504
0.1405
0.1313

9549
3037
0221
6282
6712

7.3963
7.9880
8.6271
9.3172
10.0626

5321
6147
0639
7490
5689

0.1352
0.1251
0.1159
0.1073
0.0993

0176
8682
1372
2752
7733

31
32
33
34
35

6.0881
6.4533
6.8405
7.2510
7.6860

0064
8668
8988
2528
8679

0.1642
0.1549
0.1461
0.1379
0.1301

5484
5740
8622
1153
0522

8.1451
8.7152
9.3253
9.9781
10.6765

1290
7080
3975
1354
8148

0.1227
0.1147
0.1072
0.1002
0.0936

7301
4113
3470
1934
6294

10.8676
11.7370
12.6760
13.6901
14.7853

6944
8300
4964
3361
4429

0.0920
0.0852
0.0788
0.0730
0.0676

1605
0005
8893
4531
3454

36
37
38
39
40

8.1472
8.6360
9.1542
9.7035
10.2857

5200
8712
5235
0749
1794

0.1227
0.1157
0.1092
0.1030
0.0972

4077
9318
3885
5552
2219

11.4239
12.2236
13.0792
13.9948
14.9744

4219
1814
7141
2041
5784

0.0875
0.0818
0.0764
0.0714
0.0667

3546
0884
5686
5501
8038

15.9681
17.2456
18.6252
20.1152
21.7245

7184
2558
7563
9768
2150

0.0626
0.0579
0.0536
0.0497
0.0460

2458
8572
9048
1341
3093

41
42
43
44
45

10.9028
11.5570
12.2504
12.9854
13.7646

6101
3267
5463
8191
1083

0.0917
0.0865
0.0816
0.0770
0.0726

1905
2740
2962
0908
5007

16.0226
17.1442
18.3443
19.6284
21.0024

6989
5678
5475
5959
5176

0.0624
0.0583
0.0545
0.0509
0.0476

1157
2857
1268
4643
1349

23.4624
25.3394
27.3666
29.5559
31.9204

8322
8187
4042
7166
4939

0.0426
0.0394
0.0365
0.0338
0.0313

2123
6411
4084
3411
2788

46
47
48
49
50

14.5904
15.4659
16.3938
17.3775
18.4201

8748
1673
7173
0403
5427

0.0685
0.0646
0.0609
0.0575
0.0542

3781
5831
9840
4566
8836

22.4726
24.0457
25.7289
27.5299
29.4570

2338
0702
0651
2997
2506

0.0444
0.0415
0.0388
0.0363
0.0339

9859
8747
6679
2410
4776

34.4740
37.2320
40.2105
43.4274
46.9016

8534
1217
7314
1899
1251

0.0290
0.0268
0.0248
0.0230
0.0213

0730
5861
6908
2693
2123

A.8

Copyright -The Institute of Chartered Accountants of India

COMMON PROFICIENCY TEST

TABLE 4
Log-Tables
LOGARITHAMS

STATISTICS

Copyright -The Institute of Chartered Accountants of India

A.9

APPENDICES
LOG-TABLES

A.10

Copyright -The Institute of Chartered Accountants of India

COMMON PROFICIENCY TEST

TABLE 5
ANTILOGARITHMS
LOG-TABLES

STATISTICS

Copyright -The Institute of Chartered Accountants of India

A.11

APPENDICES
LOG-TABLES

A.12

Copyright -The Institute of Chartered Accountants of India

COMMON PROFICIENCY TEST

STATISTICS

Copyright -The Institute of Chartered Accountants of India

A.13

To find the area

under the curve
between the
mean and a
point 2.24
standard
deviations to
the right of the
mean, look up
the value
opposite 2.2
and under 0.04
in the table;
0.4875 of the
area under the
curve lies
between the
mean and a z
Value of 2.24

Example:

0.00
0.0000
0.0398
0.0793
0.1179
0.1554
0.1915
0.2257
0.2580
0.2881
0.3159
0.3413
0.3643
0.3849
0.4032
0.4192
0.4332
0.4452
0.4554
0.4641
0.4713
0.4772
0.4821
0.4861
0.4893
0.4918
0.4938
0.4953
0.4965
0.4974
0.4981
0.4987

x
0.0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1.0
1.1
1.2
1.3
1.4
1.5
1.6
1.7
1.8
1.9
2.0
2.1
2.2
2.3
2.4
2.5
2.6
2.7
2.8
2.9
3.0

0.0040
0.0438
0.0832
0.1217
0.1591
0.1950
0.2291
0.2611
0.2910
0.3186
0.3438
0.3665
0.3869
0.4049
0.4207
0.4345
0.4463
0.4564
0.4649
0.4719
0.4778
0.4826
0.4864
0.4896
0.4920
0.4940
0.4955
0.4966
0.4975
0.4982
0.4987

0.01

0.02

z = 2.24

0.0080
0.0478
0.0871
0.1255
0.1628
0.1985
0.2324
0.2642
0.2939
0.3212
0.3461
0.3686
0.3888
0.4066
0.4222
0.4357
0.4474
0.4573
0.4656
0.4726
0.4783
0.4830
0.4868
0.4898
0.4922
0.4941
04956
0.4967
0.4976
0.4982
0.4987

Mean

0.0120
0.0517
0.0910
0.1293
0.1664
0.2019
0.2357
0.2673
0.2967
0.3238
0.3485
0.3708
0.3907
0.4082
0.4236
0.4370
0.4484
0.4582
0.4664
0.4732
0.4788
0.4834
0.4871
0.4901
0.4925
0.4943
0.4957
0.4968
0.4977
0.4983
0.4988

0.03

0.4875 of Area

0.0160
0.0557
0.0948
0.1331
0.1700
0.2054
0.2389
0.2704
0.2995
0.3264
0.3508
0.3729
0.3925
0.4099
0.4251
0.4382
0.4495
0.4591
0.4671
0.4738
0.4793
0.4838
0.4875
0.4904
0.4927
0.4945
0.4959
0.4969
0.4977
0.4984
0.4988

0.04
0.0239
0.0636
0.1026
0.1406
0.1772
0.2123
0.2454
0.2764
0.3051
0.3315
0.3554
0.3770
0.3962
0.4131
0.4279
0.4406
0.4515
0.4608
0.4686
0.4750
0.4803
0.4846
0.4881
0.4909
0.4931
0.4948
0.4961
0.4971
0.4979
0.4985
0.4989

0.4989

0.06

0.0199
0.0596
0.0987
0.1368
0.1736
0.2088
0.2422
0.2734
0.3023
0.3289
0.3531
0.3749
0.3944
0.4115
0.4265
0.4394
0.4505
0.4599
0.4678
0.4744
0.4798
0.4842
0.4878
0.4906
0.4929
0.4946
0.4960
0.4970
0.4978
0.4984

0.05

0.4989

0.0279
0.0675
0.1064
0.1443
0.1808
0.2157
0.2486
0.2794
0.3078
0.3340
0.3577
0.3790
0.3980
0.4147
0.4292
0.4418
0.4525
0.4616
0.4693
0.4756
0.4808
0.4850
0.4884
0.4911
0.4932
0.4949
0.4962
0.4972
0.4979
0.4985

0.07

0.4990

0.0319
0.0714
0.1103
0.1480
0.1844
0.2190
0.2517
0.2823
0.3106
0.3365
0.3599
0.3810
0.3997
0.4162
0.4306
0.4429
0.4535
0.4625
0.4699
0.4761
0.4812
0.4854
0.4887
0.4913
0.4934
0.4951
0.4963
0.4973
0.4980
0.4986

0.08

Areas under the Standard Normal

Probability Distribution between the Mean
and Positive Values of z

Table 6

0.4990

0.0359
0.0753
0.1141
0.1517
0.1879
0.2224
0.2549
0.2852
0.3133
0.3389
0.3621
0.3830
0.4015
0.4177
0.4319
0.4441
0.4545
0.4633
0.4706
0.4767
0.4817
0.4857
0.4890
0.4916
0.4936
0.4952
0.4964
0.4974
0.4981
0.4986

0.09

To find the value

of t that
corresponds to an
area of 0.10 in
both tails of the
distribution
combined, when
there are 19
degress of
freedom, look
under the 0.10
column, and
proceed down to
the 19 degrees of
freedom row; the
appropriate t value
there is 1.729

Example:
0.10
6.314
2.920
2.353
2.132
2.015
1.943
1.895
1.860
1.833
1.812
1.796
1.782
1.771
1.761
1.753
1.746
1.740
1.734
1.729
1.725
1.721
1.717
1.714
1.711
1.708
1.706
1.703
1.701
1.699
1.697
1.684
1.671
1.658
1.645

Freedom
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
40
60
120
Normal Distribution

Degree of
12.706
4.303
3.182
2.776
2.571
2.447
2.365
2.306
2.262
2.228
2.201
2.179
2.160
2.145
2.131
2.120
2.110
2.101
2.093
2.086
2.080
2.074
2.069
2.064
2.060
2.056
2.052
2.048
2.045
2.042
2.021
2.000
1.980
1.960

0.05
31.821
6.965
4.541
3.747
3.365
3.143
2.998
2.896
2.821
2.764
2.718
2.681
2.650
2.624
2.602
2.583
2.567
2.552
2.539
2.528
2.518
2.508
2.500
2.492
2.485
2.479
2.473
2.467
2.462
2.457
2.423
2.390
2.358
2.326

0.02

Area in Both Tails Combined

Areas in Both Tails Combined for

Students t Distribution

Table 7

63.657
9.925
5.841
4.604
4.032
3.707
3.499
3.355
3.250
3.169
3.106
3.055
3.012
2.977
2.947
2.921
2.898
2.878
2.861
2.845
2.831
2.819
2.807
2.797
2.787
2.779
2.771
2.763
2.756
2.750
2.704
2.660
2.617
2.576

0.01

APPENDICES

A.14

Copyright -The Institute of Chartered Accountants of India

COMMON PROFICIENCY TEST

STATISTICS

Copyright -The Institute of Chartered Accountants of India

A.15

the curve (the

11

the 11 degrees

value is 14.631

chi-squares

the appropriate

of freedom row,

5.229
5.812
6.408
7.015
7.633

15
16
17
18
19

8.260

4.660

14

20

4.107

3.571

13

12

2.558

10

the table and

3.053

2.088

0.20 column in

look under the

1.646

1.239

in the right tail)

coloured area
7

0.554

the area under

0.872

0.297

value of 0.20 of

the chi-square

0.115

0.0201

0.00016

0.99

freedom, to find

distribution with

11 degrees of

Freedom

of

Degrees

In a chi-square

Example:

9.591

8.907

8.231

7.564

6.908

6.262

5.629

5.009

4.404

3.816

3.247

2.700

2.180

1.690

1.237

0.831

0.484

0.216

0.0506

0.00098

0.975

10.851

10.117

9.390

8.672

7.962

7.261

6.571

5.892

5.226

4.575

3.940

3.325

2.733

2.167

1.635

1.145

0.711

0.352

0.103

0.00398

0.95

12.443

11.651

10.865

10.085

9.312

8.547

7.790

7.042

6.304

5.578

4.865

4.168

3.490

2.833

2.204

1.610

1.064

0.584

0.211

0.0158

14.578

13.716

12.857

12.002

11.152

10.307

9.467

8.634

7.807

6.989

6.179

5.380

4.594

3.822

3.070

2.343

1.649

1.005

0.446

0.0642

0.800

Area in Right Tail

0.90

25.038

23.900

22.760

21.615

20.465

19.311

18.151

16.985

15.812

14.631

13.442

12.242

11.030

9.803

8.558

7.289

5.989

4.642

3.219

1.642

0.20

28.412

27.204

25.989

24.769

23.542

22.307

21.064

19.812

18.549

17.275

15.987

14.684

13.362

12.017

10.645

9.236

7.779

6.251

4.605

2.706

0.10

31.410

30.144

28.869

27.587

26.296

24.996

23.685

22.362

21.026

19.675

18.307

16.919

15.507

14.067

12.592

11.070

9.488

7.815

5.991

3.841

0.05

34.170

32.852

31.526

30.191

28.845

27.488

26.119

24.736

23.337

21.920

20.483

19.023

17.535

16.013

14.449

12.833

11.143

9.348

7.378

5.024

0.025

Area in the Right Tail of a Chi-square ( 243 2)

Distribution

Table 8

37.566

36.191

34.805

33.409

32.000

30.578

29.141

27.688

26.217

24.725

23.209

21.666

20.090

18.475

16.812

15.086

13.277

11.345

9.210

6.635

0.01

A.16

Copyright -The Institute of Chartered Accountants of India

F value is 3.94.

the appropriate

freedom row;

degrees of

across the 6

column and

Freedom

15 degrees of

look under the

under the curve

of the area

Value for 0.05

to find the F

denominator,

freedom for the

6 degrees of

numerator and

freedom for the

degrees of

bution with 15

In an F distri-

Example:

4.32
4.30
4.28
4.26
4.24
4.17
4.08
4.00
3.92
3.84

30
40
60
120

4.49
4.45
4.41
4.38
4.35

21
22
23
24
25

16
17
18
19
20

4.84
4.75
4.67
4.60
4.54

5.99
5.59
5.32
5.12
4.96

6
7
8
9
10
11
12
13
14
15

161
18.5
10.1
7.71
6.61

1
2
3
4
5

3.32
3.23
3.15
3.07
3.00

3.47
3.44
3.42
3.40
3.39

3.63
3.59
3.55
3.52
3.49

3.98
3.89
3.81
3.74
3.68

5.14
4.74
4.46
4.26
4.10

200
19.0
9.55
6.94
5.79

2.92
2.84
2.76
2.68
2.60

3.07
3.05
3.03
3.01
2.99

3.24
3.20
3.16
3.13
3.10

3.59
3.49
3.41
3.34
3.29

4.76
4.35
4.07
3.86
3.71

216
19.2
9.28
6.59
5.41

3.94

2.69
2.61
2.53
2.45
2.37

2.84
2.82
2.80
2.78
2.76

3.01
2.96
2.93
2.90
2.87

3.36
3.26
3.18
3.11
3.06

4.53
4.12
3.84
3.63
3.48

225
19.2
9.12
6.39
5.19

2.53
2.45
2.37
2.29
2.21

2.68
2.66
2.64
2.62
2.60

2.85
2.81
2.77
2.74
2.71

3.20
3.11
3.03
2.96
2.90

4.39
3.97
3.69
3.48
3.33

230
19.3
9.01
6.26
5.05

0.05 of area

2.42
2.34
2.25
2.18
2.10

2.57
2.55
2.53
2.51
2.49

2.74
2.70
2.66
2.63
2.60

3.09
3.00
2.92
2.85
2.79

4.28
3.87
3.58
3.37
3.22

234
19.3
8.94
6.16
4.95

2.33
2.25
2.17
2.09
2.01

2.49
2.46
2.44
2.42
2.40

2.66
2.61
2.58
2.54
2.51

3.01
2.91
2.83
2.76
2.71

4.21
3.79
3.50
3.29
3.14

237
19.4
8.89
6.09
4.88

2.27
2.18
2.10
2.02
1.94

2.42
2.40
2.37
2.36
2.34

2.59
2.55
2.51
2.48
2.45

2.95
2.85
2.77
2.70
2.64

4.15
3.73
3.44
3.23
3.07

239
19.4
8.85
6.04
4.82

2.21
2.12
2.04
1.96
1.88

2.37
2.34
2.32
2.30
2.28

2.54
2.49
2.46
2.42
2.39

2.90
2.80
2.71
2.65
2.59

4.10
3.68
3.39
3.18
3.02

241
19.4
8.81
6.00
4.77

2.16
2.08
1.99
1.91
1.83

2.32
2.30
2.27
2.25
2.24

2.49
2.45
2.41
2.38
2.35

2.85
2.75
2.67
2.60
2.54

4.06
3.64
3.35
3.14
2.98

242
19.4
8.79
5.96
4.74

10

2.09
2.00
1.92
1.83
1.75

2.25
2.23
2.20
2.18
2.16

2.42
2.38
2.34
2.31
2.28

2.79
2.69
2.60
2.53
2.48

4.00
3.57
3.28
3.07
2.91

244
19.4
8.74
5.91
4.68

12

2.01
1.92
1.84
1.75
1.67

2.18
2.15
2.13
2.11
2.09

2.35
2.31
2.27
2.23
2.20

2.72
2.62
2.53
2.46
2.40

3.94
3.51
3.22
3.01
2.85

246
19.4
8.70
5.86
4.62

15

1.93
1.84
1.75
1.66
1.57

2.10
2.07
2.05
2.03
2.01

2.28
2.23
2.19
2.16
2.12

2.65
2.54
2.46
2.39
2.33

3.87
3.44
3.15
2.94
2.77

248
19.4
8.66
5.80
4.56

20

Degrees of Freedom for Numerator

1.89
1.79
1.70
1.61
1.52

2.05
2.03
2.01
1.98
1.96

2.24
2.19
2.15
2.11
2.08

2.61
2.51
2.42
2.35
2.29

3.84
3.41
3.12
2.90
2.74

249
19.5
8.64
5.77
4.53

24

1.84
1.74
1.65
1.55
1.46

2.01
1.98
1.96
1.94
1.92

2.19
2.15
2.11
2.07
2.04

2.57
2.47
2.38
2.31
2.25

3.81
3.38
3.08
2.86
2.70

250
19.5
8.62
5.75
4.50

30

1.79
1.69
1.59
1.50
1.39

1.96
1.94
1.91
1.89
1.87

2.15
2.10
2.06
2.03
1.99

2.53
2.43
2.34
2.27
2.20

3.77
3.34
3.04
2.83
2.66

251
19.5
8.59
5.72
4.46

40

Values of F for F Distribution with 0.05 of

the Area in the Right Tail

Table 9 (a)

1.74
1.64
1.53
1.43
1.32

1.92
1.89
1.86
1.84
1.82

2.11
2.06
2.02
1.98
1.95

2.49
2.38
2.30
2.22
2.16

3.74
3.30
3.01
2.79
2.62

252
19.5
8.57
5.69
4.43

60

1.68
1.58
1.47
1.35
1.22

1.87
1.84
1.81
1.79
1.77

2.06
2.01
1.97
1.93
1.90

2.45
2.34
2.25
2.18
2.11

3.70
3.27
2.97
2.75
2.58

253
19.5
8.55
5.66
4.40

120

1.62
1.51
1.39
1.25
1.00

1.81
1.78
1.76
1.73
1.71

2.01
1.96
1.92
1.88
1.84

2.40
2.30
2.21
2.13
2.07

3.67
3.23
2.93
2.71
2.54

254
19.5
8.53
5.63
4.37

APPENDICES

COMMON PROFICIENCY TEST

Degrees of Freedom for Denominator

STATISTICS

Copyright -The Institute of Chartered Accountants of India

A.17

F value is 10.5

the appropriate

freedom row;

degrees of

across the 5

column and

freedom

17 degrees of

look under the

under the curve

of the area

Value for 0.01

to find the F

denominator,

freedom for the

5 degrees of

numerator and

freedom for the

degrees of

bution with 7

In an F distri-

Example:

Degrees of Freedom for Denominator

4,052
98.5
34.1
21.2
16.3
13.7
12.2
11.3
10.6
10.0
9.65
9.33
9.07
8.86
8.68
8.53
8.40
8.29
8.19
8.10
8.02
7.95
7.88
7.82
7.77
7.56
7.31
7.08
6.85
6.63

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
30
40
60
120

5.39
5.18
4.98
4.79
4.61

5.78
5.72
5.66
5.61
5.57

6.23
6.11
6.01
5.93
5.85

7.21
6.93
6.70
6.51
6.36

10.9
9.55
8.65
8.02
7.56

5,000
99.0
30.8
18.0
13.3

4.51
4.31
4.13
3.95
3.78

4.87
4.82
4.76
4.72
4.68

5.29
5.19
5.09
5.01
4.94

6.22
5.95
5.74
5.56
5.42

9.78
8.45
7.59
6.99
6.55

5,403
99.2
29.5
16.7
12.1

4.02
3.83
3.65
3.48
3.32

4.37
4.31
4.26
4.22
4.18

4.77
4.67
4.58
4.50
4.43

5.67
5.41
5.21
5.04
4.89

9.15
7.85
7.01
6.42
5.99

5,625
99.2
28.7
16.0
11.4

10.5

3.70
3.51
3.34
3.17
3.02

4.04
3.99
3.94
3.90
3.86

4.44
4.34
4.25
4.17
4.10

5.32
5.06
4.86
4.70
4.56

8.75
7.46
6.63
6.06
5.64

5,764
99.3
28.2
15.5
11.0

3.47
3.29
3.12
2.96
2.80

3.81
3.76
3.71
3.67
3.63

4.20
4.10
4.01
3.94
3.87

5.07
4.82
4.62
4.46
4.32

8.47
7.19
6.37
5.80
5.39

5,859
99.3
27.9
15.2
10.7

0.01 of area

3.30
3.12
2.95
2.79
2.64

3.64
3.59
3.54
3.50
3.46

4.03
3.93
3.84
3.77
3.70

4.89
4.64
4.44
4.28
4.14

8.26
6.99
6.18
5.61
5.20

5,928
99.4
27.7
15.0
10.5

3.17
2.99
2.82
2.66
2.51

3.51
3.45
3.41
3.36
3.32

3.89
3.79
3.71
3.63
3.56

4.74
4.50
4.30
4.14
4.00

8.10
6.84
6.03
5.47
5.06

5,982
99.4
27.5
14.8
10.3

3.07
2.89
2.72
2.56
2.41

3.40
3.35
3.30
3.26
3.22

3.78
3.68
3.60
3.52
3.46

4.63
4.39
4.19
4.03
3.89

7.98
6.72
5.91
5.35
4.94

6,023
99.4
27.3
14.7
10.2

2.98
2.80
2.63
2.47
2.32

3.31
3.26
3.21
3.17
3.13

3.69
3.59
3.51
3.43
3.37

4.54
4.30
4.10
3.94
3.80

7.87
6.62
5.81
5.26
4.85

6,056
99.4
27.2
14.5
10.1

10

2.84
2.66
2.50
2.34
2.18

3.17
3.12
3.07
3.03
2.99

3.55
3.46
3.37
3.30
3.23

4.40
4.16
3.96
3.80
3.67

7.72
6.47
5.67
5.11
4.71

6,106
99.4
27.1
14.4
9.89

12

2.70
2.52
2.35
2.19
2.04

3.03
2.98
2.93
2.89
2.85

3.41
3.31
3.23
3.15
3.09

4.25
4.01
3.82
3.66
3.52

7.56
6.31
5.52
4.96
4.56

6,157
99.4
26.9
14.2
9.72

15

2.55
2.37
2.20
2.03
1.88

2.88
2.83
2.78
2.74
2.70

3.26
3.16
3.08
3.00
2.94

4.10
3.86
3.66
3.51
3.37

7.40
6.16
5.36
4.81
4.41

6,209
99.4
26.7
14.0
9.55

20

Degrees of Freedom for Numerator

2.47
2.29
2.12
1.95
1.79

2.80
2.75
2.70
2.66
2.62

3.18
3.08
3.00
2.92
2.86

4.02
3.78
3.59
3.43
3.29

7.31
6.07
5.28
4.73
4.33

6,235
99.5
26.6
13.9
9.47

24

2.39
2.20
2.03
1.86
1.70

2.72
2.67
2.62
2.58
2.53

3.10
3.00
2.92
2.84
2.78

3.94
3.70
3.51
3.35
3.21

7.23
5.99
5.20
4.65
4.25

6,261
99.5
26.5
13.8
9.38

30

2.30
2.11
1.94
1.76
1.59

2.64
2.58
2.54
2.49
2.45

3.02
2.92
2.84
2.76
2.69

3.86
3.62
3.43
3.27
3.13

7.14
5.91
5.12
4.57
4.17

6,287
99.5
26.4
13.7
9.29

40

Values of F for F Distributions with 0.01 of

the Area in the Right Tail

Table 9 (b)

2.21
2.02
1.84
1.66
1.47

2.55
2.50
2.45
2.40
2.36

2.93
2.83
2.75
2.67
2.61

3.78
3.54
3.34
3.18
3.05

7.06
5.82
5.03
4.48
4.08

6,313
99.5
26.3
13.7
9.20

60

2.11
1.92
1.73
1.53
1.32

2.46
2.40
2.35
2.31
2.27

2.84
2.75
2.66
2.58
2.52

3.69
3.45
3.25
3.09
2.96

6.97
5.74
4.95
4.40
4.00

6,339
99.5
26.2
13.6
9.11

120

2.01
1.80
1.60
1.38
1.00

2.36
2.31
2.26
2.21
2.17

2.75
2.65
2.57
2.49
2.42

3.60
3.36
3.17
3.00
2.87

6.88
5.65
4.86
4.31
3.91

6,366
99.5
26.1
13.5
9.02