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JAIIB P2 COMPILED 2024 QUESTIONSBANK WITH COMPLETE SOLUTIONS, GRADED A+
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JAIIB P2 COMPILED 2024 QUESTIONSBANK WITH COMPLETE SOLUTIONS, GRADED A+
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JAIIB P2 COMPILED2024 QUESTIONSBANK
WITH COMPLETE
SOLUTIONS, GRADED
A+
JAIIB
Evatee 9/14/24 JAIIB
,JAIIB P2 COMPILED 2024 QUESTIONSBANK
WITH COMPLETE SOLUTIONS, GRADED A+
SET 01
Q received a sum of rs. 20 lac on sale of a property which he has invested in
term deposit wit a
bank @10% interest for 10 year with the provision that he shall get fixed
amount every 10 years
how much amount shall receive ......
a. Rs. 325491
b. Rs. 325941
c. Rs, 324480
d. Rs. 323490 Answer - a
Solution
EMI=P*R*((1+r)^T)/(1+r)^T-1
=2000000*0.10*(1+10)^10/(1+r)^10-1
=200000*2.593742/2.593742-1
=200000*2.593742/1.593742
=200000*1.627454
=325490.8
=325491
Mr. X needs 10,00,000 to meet the expenses on the higher study of his son at
the end of 10
years from now. If the interest rates are assumed at 12%, how much amount he
should deposit
,annually.
a. 56969
b. 55980
c. 56589
d. 56984 Answer - d
Solution:
A=FV(r(1+r)^n-1)
=1000000*0.12/1.12^10-1
=1000000*0.12/3.105848-1
=120000*0.12/2.105848
=120000/2.105848
=56984.169
=56984.17
Mr. X needs 10,00,000 to meet the expenses on the study of his son at the end
of 20 years from
now. If the interest rates are assumed at 12%, how much amount he should
deposit annually.
a. 13788
b. 13878
c. 18378
d. 18738 Answer - b
Solution:
A=FV(r(1+r)^n-1)
=1000000*0.12/1.12^20-1
=120000*0.12/9.646293-1
=120000*0.12/8.646293
, =120000/8.646293
=13878.78
An Inflation rate of 10% and an expected nominal cash flow of Rs. 11,00,000/-
lac, the value of
the real cash flow?
a. 990000
b. 1000000
c. 1100000
d. 1210000 Answer - b
Solution
Real Cash flow= Nominal Cash flow/(1+Inflation Rate)
1100000/1+0.10
=11/1.10
=10,00,000
Effective Interest Rate of 10% of annual interest and compounding semi-
annually
a. 10 %
b. 10.25 %
c. 10.5 %
d. 10.75 % Answer - b
Effective Interest Rate =(1+periodic Interest Rate)^n-1
=(1+10/2)^2-1
=(1.1025)-1
=(0.1025
=10.25%
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