1. What annual payment will discharge a debt of Rs.808 due in 2 years at 2% per annum? A. 200 B. 300 C. 400 D.350 2.Mr. X is very industrious person. He wants to establish his own unit. For this he needs an instant loan of Rs. 500000 and every 5 yrs he requires an additional loan of Rs. 100000. If he had to clear all his outstandings in 20 yrs, and he repays the principal of the first loan equally over the 20 yrs, find what amount he would have to pay as interest on his initial borrowing if the rate of interest is 10% pa. (simple interest) A. 560000 B. 40000 C. 525000 D.500000 3. According to the 2001 census, the population growth rate of Lucknow is going to be an increasing AP with first year's rate as 5% and common difference as 5%, but simultaneously the migration rateis an increasing GP with first term as 1% and common ratio of 2. If population on 31 december 2000 is 1 million, then find in which year will Lucknow witness its first fall in population? A. 2005 B. 2006 C. 2007 D. 2008 |
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for q. 2 the option B is 540000
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