Maths Mcqs Practice Test

Question 1

Compound interest earned on a sum for the second and the third years are Rs.1200 and Rs.1440 respectively. Find the rate of interest?

Accepted Answer

C. 20% p.a.

Question 2

Jameel invested an amount of Rs.17400 for two years. Find the rate of compound interest that will fetch him an amount of Rs.1783.50 at the end of two years?

Accepted Answer

D. 5% p.a.

Question 3

Find the compound interest accrued on an amount of Rs.14,800 at 13.5% p.a at the end of two years. (Round off your answer to nearest integer)

Accepted Answer

D. Rs.4266

Question 4

The compound interest earned by Sunil on a certain amount at the end of two years at the rate of 8% p.a. was Rs.2828.80. Find the total amount that Sunil got back at the end of two years in the form of principal plus interest earned.

Accepted Answer

B. Rs.19,828.80

Question 5

What amount does Kiran get if he invests Rs.8000 at 10% p.a. compound interest for two years, compounding done annually?

Accepted Answer

E. None of these

Question 6

Find the amount on Rs.5000 in 2 years, the rate of interest being 4% per first year and 5% for the second year?

Accepted Answer

C. Rs.5460

Question 7

The population of a city increases at the rate of 4% p.a. but there is an additional annual increase of 1% in the population due to some job seekers. The percentage increase in the population after 2 years is_________?

Accepted Answer

C. 10.25

Question 8

A sum amount to Rs.1344 in two years at simple interest. What will be the compound interest on the same sum at the same rate of interest for the same period?

Accepted Answer

D. Data insufficient for the answer

Question 9

A money lender lends Rs.2000 for six months at 20% p.a. rate. It the interest is reckoned quarterly than find the amount given after time limit.

Accepted Answer

A. Rs.2205

Question 10

How much more would Rs.20000 fetch, after two years, if it is put at 20% p.a. compound interest payable half yearly than if is put at 20% p.a. compound interest payable yearly?

Accepted Answer

A. Rs.482

Question 11

In one year, the population, of a village increased by 10% and in the next year, it decreased by 10%. If at the end of 2nd year, the population was 7920, what was it in the beginning?

Accepted Answer

B. 8000

Question 12

Sehar gave Shazia Rs.1250 on compound interest for 2 years at 4% per annum. How much loss would Sehar has suffered had she given it to Shazia for 2 years at 4% per annum simple interest?

Accepted Answer

B. Rs.2

Question 13

Rajan borrowed Rs.4000 at 5% p.a compound interest. After 2 years, he repaid Rs.2210 and after 2 more year, the balance with interest. What was the total amount that he paid as interest?

Accepted Answer

A. Rs.635.50

Question 14

Every year an amount increases by 1/8th of itself. How much will it be after two years if its present value is Rs.64000?

Accepted Answer

A. Rs.81000

Question 15

Find the amount on Rs.8000 in 9 months at 20% per annum, if the interest being compounded quarterly?

Accepted Answer

B. Rs.9261

Question 16

What sum of money put at C.I amounts in 2 years to Rs.8820 and in 3 years to Rs.9261?

Accepted Answer

A. Rs.8000

Question 17

The difference between the compound interest compounded annually and simple interest for 2 years at 20% per annum is Rs.144. Find the principal?

Accepted Answer

C. Rs.3600

Question 18

Find the sum The difference between the compound and S.I. on a certain sum of money for 2 years at 10% per annum is Rs.15of money?

Accepted Answer

A. 1500

Question 19

A sum of money is put out at compound interest for 2 years at 20%. It would fetch Rs.482 more if the interest were payable half-yearly, then it were pay able yearly. Find the sum.

Accepted Answer

D. Rs.2000

Question 20

The difference between compound and simple interest on a certain sum of money for 3 years at 6 2/3% p.a is Rs.184. Find the sum?

Accepted Answer

D. Rs.13500