Test Questions: MS Excel

Question 1: ABC ltd. advanced a loan of Rs. 200000 to Krishna to be repaid in 5 years in
equal instalments. The rate of interest chargeable is 15%. You are required to prepare a
dynamic loan statement clearly showing the Amount of instalment, interest and the
opening, closing balance. The repayment will be done a) bimonthly b) half yearly c) monthly
d) quarterly and e) yearly.
Question 2: Develop a spreadsheet to conduct the following trend analysis by using the
standard technique of least square regression.

Age of the Weight of the kid

kid
11 40
12 42
13 44
14 46
15 48
16 54
a) 1What will be the expected weight of a kid at the age of 17 and 18 years?
b) Prepare a suitable chart depicting the age of kid and weight of the kid.
c) Find out the coefficient of correlation between age of the kid and weight of the kid.
Question 3: ABC ltd. pays to its employees the components of salary on the basis of Basic
Pay. The components of salary are computed according to the following terms of contract of
service:
Dearness allowance is paid at 22% of basic pay rounded to nearest 10.
T.A is paid on the basis of category.
For category A- 3000, B- 5000 and C-8000
HRA is paid as under:

Category HRA
A 20%
B 30%
C 40%
However, the amount of HRA cannot exceed 11,000 in any case
The contribution towards provident fund is 10% of basic + DA rounded to nearest 10.
Income tax is 15% on gross minus PF rounded to nearest 10.
The basic pay is in the pay grade of 10000-30000. Assume category of employees and years
of experience on your own.
Prepare a payroll sheet.