Maths Mcqs Practice Test

Question 1

The Compound interest on Rs 16000 for 9 months at 20% P.a compounded quarterly is:__________?

Accepted Answer

C. Rs 2522

Question 2

How much would a sum of Rs 16000 approximately amount to in 2 years at 10% P.a compounded half-yearly?

Accepted Answer

C. Rs 19448

Question 3

What will be the compound interest on Rs 25000 after 3 years at 12% Per annum?

Accepted Answer

E. None of these

Question 4

A deposited Rs 6000 in a bank at 5% Per annum simple interest. B deposited Rs 5000 at 8% P.a Compound interest. After 2 years the difference between their interest will be:_________?

Accepted Answer

B. Rs 232

Question 5

The difference between compound interest and simple interest on Rs 8000 at 5% P.a for 3 years is_________?

Accepted Answer

C. Rs 61

Question 6

The difference between the simple interest and the compound interest on Rs 5000 at 10% P.a for 3 years is:_______?

Accepted Answer

E. None of these

Question 7

A sum of money becomes Rs.6690 after three years and Rs.10.035 after six years on compound interest. The sum is________?

Accepted Answer

C. Rs.4460

Question 8

A sum amounts to Rs. 2916 in 2 years and to Rs.3149.28 in 3 years at compound Interest. The sum is_________?

Accepted Answer

C. Rs.2500

Question 9

A sum of money amounts to Rs. 10648 in 3years and Rs. 9680 in 2 years. The rate of interest is_________?

Accepted Answer

B. 10 %

Question 10

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

Accepted Answer

B. 12 %

Question 11

The compound interest on a certain sum of money for 2 years at 10 % per annum is Rs.420. The simple interest on the same sum at the same rate and for the same time will be_______?

Accepted Answer

D. Rs. 400

Question 12

The difference between the compound interest and the simple interest on a certain sum at 5 % per annum for 2 years is Rs. 1.50. The sum is_______?

Accepted Answer

A. Rs.600

Question 13

What is the principle amount which earns Rs.132 as compound interest for the second year at 10 % per annum?

Accepted Answer

B. Rs. 1200

Question 14

Rs. 800 at 5 % Per annum compound interest will amount to Rs. 882 in________?

Accepted Answer

B. 2 years

Question 15

Simple Interest on a sum at 4% per annum for 2 years is 80. The compound interest on the same sum for the same period is_________?

Accepted Answer

A. Rs. 81.60

Question 16

If Rs. 7500 are borrowed at C. I at the rate of 4 % per annum then after 2 years, the amount to be paid is_______?

Accepted Answer

D. Rs. 8112

Question 17

The difference between C.I. and S.I. 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 18

A sum of money is borrowed and paid back in two annual installments of Rs. 882 each allowing 5% C.I. The sum borrowed was?

Accepted Answer

B. Rs. 1640

Question 19

What annual payment will discharge a debt of Rs. 1025 due in 2 years at the rate of 5% compound interest?

Accepted Answer

B. Rs. 551.25

Question 20

The least number of complete years in which a sum of money put out at 20% C.I. will be more than doubled is_________?

Accepted Answer

B. 4