Maths Mcqs Practice Test

Question 1

The difference between simple interest and C.I. at the same rate for Rs.5000 for 2 years in Rs.72. The rate of interest is?

Accepted Answer

B. 12%

Question 2

Find the least number of complete years in which a sum of money put out at 25% compound interest will be more than double of itself?

Accepted Answer

D. 4 years

Question 3

A property decreases in value every year at the rate of 6 1/4% of its value at the beginning of the year its value at the end of 3 years was Rs.21093. Find its value at the beginning of the first year?

Accepted Answer

A. Rs.25600.24

Question 4

Find the sum lend at C.I. at 5 p.c per annum will amount to Rs.441 in 2 years?

Accepted Answer

B. Rs.400

Question 5

A sum of money deposited at C.I. amounts to Rs.2420 in 2 years and to Rs.2662 in 3 years. Find the rate percent?

Accepted Answer

B. 10%

Question 6

What will be ratio of simple to compound interest on two same sums invested in SBP at rate of interest of 8% kept for 3 years?

Accepted Answer

A. 1875/2029

Question 7

The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?

Accepted Answer

A. 8

Question 8

The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:________?

Accepted Answer

B. Rs. 3

Question 9

If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time?

Accepted Answer

A. Rs. 51.25

Question 10

Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:_______?

Accepted Answer

C. Rs. 1750

Question 11

The difference between compound interest and simple interest at the same rate on Rs 5000 for 2 years is Rs 72. The rate of interest per annum is:___________?

Accepted Answer

D. 12%

Question 12

At what rate of interest will be Rs 20000 becomes Rs 24200 after 2 years when interest is compounded annually?

Accepted Answer

C. 10%

Question 13

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half yearly is:_______?

Accepted Answer

D. Rs 6.09%

Question 14

The difference between simple and compound interest (compounded-annually) on a sum of money for 2 years at 10% per annum is Rs 65. The sum is_________?

Accepted Answer

A. Rs 6500

Question 15

A man deposited Rs 6000 in a bank at 5% P.a simple interest another man deposits Rs 5000 at 8% P.a Compounded interest. After 2 years the difference of their interest will be_________?

Accepted Answer

B. Rs 232

Question 16

A money lender borrows money at 4% P.a and pays interest at the end of the year. He lends it at 6% P.a compound interest compounded half-yearly and receives the interest at the end of the year. Thus be gains Rs 104.50 a year. The amount of money he borrows is_________?

Accepted Answer

B. Rs 5000

Question 17

If the rate of interest be 4% per annum for first year 5% per annum for the second year and 6% per annum from the third year then the compound interest of Rs 10000 for 3 years will be_________?

Accepted Answer

A. Rs 1575.20

Question 18

A sum of money placed at compound interest doubles itself in 5 years in how many years it would to 8 times of itself at the same rate of interest?

Accepted Answer

C. 15 years

Question 19

The difference between compound interest and simple interest on a sum for 2 years at 8% P.a is Rs 786. The sum is:_________?

Accepted Answer

C. Rs 120000

Question 20

If the interest is payable annually than the principal on which the compound interest for 3 years at 10% P.a is Rs 33/- is given by:__________?

Accepted Answer

B. Rs 1000