IBjective Type Questions with explanation 205 a b c Re d 206 a b G d 207 a b eo d 208 a b c d 209 MODULE - B Business Mathematics Unit-12 Time Value of Money When money is given on loan, a fee is charged by the lender, which is called: commission fee interest discount Simpie rate of interest or flat rate of interest is the amount of interest which is paid every year asa of the amount borrowed: T~ fixed percentage , varying percentage fluctuating percentage percentage as per discretion of the lender Simple interest is calculated as: principal x rate product x rate x time principa! x rate x time principal x time Loan is obtained by X for purchase of a car for Rs.1.50 lac at 12% interest rate over two years. What is the amount of total simple interest? 42000 36000 30000 24000 Loan is obtained by X for purchase of a car for Rs.1.50 lac at 12% interest rate over two years. What is the amount of total amount to be paid at simple rate of interest? a* 186000 b Cc d 210 aac 241 a b c d 172000 160000 2 150000 Loan is obtained by X for purchase of a car for Rs.1.50 lac at 12% interest rate over two. years. What is the amount of weekly payment ° at simple rate of interest? 3398.12 3458.19 3576.92 3697.02 Compound interest is paid on which of the. following: principal amount = terest amount principal amount and interest already accrued principal amount and interest to accrue AS ca Nan aocm 214 29050 215 Qa0c0m 216 aoe0n 220 for The duri inte: