Maths Mcqs Practice Test

Question 1

A invested some money in 10% stock at 96. If B wants to invest in an equally good 12% stock, he must purchase a stock worth of__________?

Accepted Answer

B.\xa0Rs. 115.20

Question 2

How many shares of market value Rs. 25 each can be purchased for Rs. 12750, brokerage being 2% ?

Accepted Answer

B.\xa0500

Question 3

A man buys Rs. 50 shares in a company which pays 10% dividend. If the man gets 12.5% on his investment, at what price did he buy the shares ?

Accepted Answer

B.\xa0Rs. 40

Question 4

To produce an annual income of Rs. 1200 from a 12% stock at 90, the amount of stock needed is__________?

Accepted Answer

A.\xa0Rs. 10,000

Question 5

In order to obtain an income of Rs. 650 from 10% stock at Rs. ,96, one must make an investment of___________?

Accepted Answer

B.\xa0Rs. 6240

Question 6

A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is___________?

Accepted Answer

B.\xa08%

Question 7

Hafeez invested Rs. 15000 @ 10% per annum for one year. If the interest is compounded half-yearly, then the amount received by Hafeez at the end of the year will be?

Accepted Answer

C. Rs. 16,537.50

Question 8

A man saves Rs. 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years?

Accepted Answer

C. Rs. 662.02

Question 9

What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12% p.a.?

Accepted Answer

C. Rs. 10123.20

Question 10

Shohaib invested Rs. 8000 in a scheme for 2 years at compound interest rate 5% p.a. How much amount will Shohaib get on maturity of the fixed deposit?

Accepted Answer

E. None of these

Question 11

Afnan wants to borrow Rs.6000 at rate of interest 6% p.a. at S.I and lend the same amount at C.I at same rate of interest for two years. What would be his income in the above transaction?

Accepted Answer

A. Rs.21.60

Question 12

Rayan invested certain amount for two rates of simple interests at 6% p.a. and 7% p.a. What is the ratio of Rayan’s investments if the interests from those investments are equal?

Accepted Answer

D. 7 : 6

Question 13

The simple interest on Rs.12000 at a certain rate of interest in five years is Rs.7200. Find the compound interest on the same amount for five years at the same rate of interest.

Accepted Answer

D. Rs.3052.80

Question 14

What is the difference between the compound interest on Rs.12000 at 20% p.a. for one year when compounded yearly and half yearly?

Accepted Answer

B. Rs.120

Question 15

The compound and the simple interests on a certain sum at the same rate of interest for two years are Rs.11730 and Rs.10200 respectively. Find the sum.

Accepted Answer

B. Rs.17000

Question 16

A person got Rs.48 more when he invested a certain sum at compound interest instead of simple interest for two years at 8% p.a. Find the sum?

Accepted Answer

A. Rs.7500

Question 17

The compound interest accrued on an amount of Rs.44000 at the end of two years is Rs.1193.60. What would be the simple interest accrued on the same amount at the same rate in the same period?

Accepted Answer

C. Rs.10,560

Question 18

The simple interest accrued on an amount of Rs.49500 at he end of three is Rs.17820. What would be the compound interest accured on the same amount at teh same rate in the same period? (Round off your answer to two decimal places)

Accepted Answer

A. Rs.20043.94

Question 19

A man gets a simple interest of Rs.500 on a certain principal at the rate of 5% p.a in two years. Find the compound interest the man will get on twice the principal in two years at the same rate.

Accepted Answer

E. None of these.

Question 20

A sum of Rs.4800 is invested at a compound interest for three years, the rate of interest being 10% p.a., 20% p.a. and 25% p.a. for the 1st, 2nd and the 3rd years respectively. Find the interest received at the end of the three years.

Accepted Answer

B. Rs.3120