Post assessment - Commercial math - 10 ICSE

What is the formula to calculate the maturity amount of a recurring deposit?

• M = P * ((1 + r/n)^(nt) - 1) / (1 - (1 + r/n)^(-1/4))

• M = P * ((1 + r/n)^(nt) - 1) / (1 - (1 + r/n)^(-1/2))

• M = P * ((1 + r/n)^(nt) - 1) / (1 - (1 + r/n)^(-1/5))

• M = P * ((1 + r/n)^(nt) - 1) / (1 - (1 + r/n)^(-1/3))

How is the interest calculated on a fixed deposit?

• Interest = Principal amount + Rate of interest + Time period

• Interest = Principal amount / Rate of interest / Time period

• Interest = Principal amount x Rate of interest x Time period / 100

• Interest = Principal amount x Rate of interest x Time period

What is the full form of VAT in commercial math?

What is the difference between VAT and GST?

• VAT is collected by the federal government, while GST is collected by state governments.

• VAT is a fixed rate tax, while GST is a variable rate tax.

• VAT is a tax on services only, while GST is a tax on goods only.

• VAT is levied on the value added at each stage of production, while GST is a comprehensive tax on the supply of goods and services.

How are shares and dividends related in commercial math?

• Dividends are paid to shareholders based on the company's revenue, not the number of shares they own.

• Shares and dividends are completely unrelated concepts in commercial math.

• Shares and dividends have an inverse relationship in commercial math.

• Shares and dividends are related in commercial math as dividends are paid out to shareholders based on the number of shares they own.

Calculate the maturity amount of a recurring deposit of $500 per month for 2 years at an interest rate of 8% per annum.

• The maturity amount of the recurring deposit is $13,500.

• The maturity amount of the recurring deposit is $11,250.

• The maturity amount of the recurring deposit is $12,418.88.

• The maturity amount of the recurring deposit is $10,000.

If a fixed deposit of $1000 earns an interest of $150 in one year, what is the rate of interest?

• 25%

• 10%

• 20%

• 15%

If a company has 1000 shares outstanding and pays a dividend of $2 per share, what is the total dividend payout?

• $1000

• $2000

• $2500

• $1500

Calculate the SGST amount on a product priced at $500 with a tax rate of 10%.

• $25.00

• $20.50

• $30.75

• $22.73

A product is sold for $2000 with a CGST rate of 6%. Calculate the CGST amount.

• $120

• $100

• $150

• $180