Do you understand Annuity concept that is in the syllabus of CPT, CA foundation.
It is highly probable that you will get a question from this topic. Better watch the video below and feel confident about the topic -
The following questions are personally from Prof Ved. Check if you are able to just understand the following questions in the subject of "Interests" in Quantitative Aptitude or Business Maths.
1. What is present value ? Do you know how and when to calculate?
2. What is future value? Do you know how and when to calculate?
3. What is sinking fund? Is it about Present Value or Future Value?
4. Can you calculate EMI if someone in your family is taking a loan of Rs 75 lacs for the next 20 years at an interest rate of 10%?
5. Can you help a company that wants to decide on a capital expenditure of Rs 1 lac, where the company is expecting to make Rs 30,000 for the next five years from this investment. Compound Interest rate is @10%?