5/15/2019 Future Value of a Single Amount MCQs | Accountancy Knowledge

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Future Value of a Single Amount MCQs

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MCQs 1-10

1. How much will Rs. 10,000 grow into in 5 years

if you earn 10%?

(a) Rs. 13,102

(b) Rs. 16,105 2

(c) Rs. 16,289

(d) None
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5/15/2019 Future Value of a Single Amount MCQs | Accountancy Knowledge

2. With continuous compounding at 10% for 30

years, the future value of an investment of Rs.
2,000 is closest to?

(a) Rs. 40,171

(b) Rs. 44,898

(c) Rs. 164,500

(d) None of Above

3. As a borrower, you should prefer the bank that

____________________ compound per year?

(a) Less times

(b) More times

(c) Interest

(d) None of the above

4. You deposit Rs. 45,000 into an account at 4%

interest compounded quarterly, how much would
you have in 5 years?

(a) Rs. 57,908 2

(b) Rs. 50,602

(c) Rs. 55, 687

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5/15/2019 Future Value of a Single Amount MCQs | Accountancy Knowledge

(d) Rs. 54,909

5. The Future Value (FV) of Rs. 1,000 in 5 years

at 5% interest rate will be?

Please select 2 correct answers

(a) Rs. 1,000.00

(b) Rs. 1,276.28

(c) Rs. 999.99

(d) Rs. 1,500.52

6. What is the future value of a Rs. 10,000 college

tuition fund if the nominal rate of interest is 12
percent compounded monthly for five years?

(a) Rs. 17,623

(b) Rs. 18,167

(c) Rs. 18,105

7. With continuous compounding at 8 percent for

20 years, what is the approximate future value of
a Rs. 20,000 initial investment?
2
(a) Rs. 52,000

(b) Rs. 93,219

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(c) Rs. 99,061

(d) Rs. 915,240

8. If compounding more time outcome will be

greater value, it is choice of?

(a) Borrower

(b) Lender

(c) Liabilities holder

(d) None

9. If bank giving 12% interest rate per year, then

per month it will be?

(a) 1%

(b) 12%

(c) 5%

(d) 6%

10. Which of the following expresses 6.5%?

2
(a) 0.0065

(b) 6.50

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(c) 0.650

(d) 0.0650

>> Read Future Value of a Single Amount Chapter.

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