Maths Mcqs Practice Test

Question 1

A sum of money placed at C.I. interest doubles itself in 5 years. It will amount to eight times itself at the same rate of interest in?

Accepted Answer

C. 15 years

Question 2

A sum of money invested at C.I. amounts to Rs. 800 in 3 years to Rs. 840 in 4 years. The rate of interest per annum is______?

Accepted Answer

C. 5%

Question 3

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is________?

Accepted Answer

D. 6.09%

Question 4

On a sum of money, the S.I. for 2 years is Rs. 660, while the C.I. is Rs. 696.30, the rate of interest being the same in both the cases. The rate of interest is________?

Accepted Answer

D. None of these

Question 5

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs. ) is_________?

Accepted Answer

A. 625

Question 6

There is 60% increase in an amount in 6 years at S.I. What will be the C.I. of Rs. 12,000 after 3 years at the same rate?

Accepted Answer

C. Rs. 3972

Question 7

The S.I. on a certain sum of money for 3 years at 8% per annum is half the C.I. on Rs. 4000 for 2 years at 10% per annum. The sum placed on S.I. is________?

Accepted Answer

C. Rs. 1750

Question 8

The C.I. on a certain sum for 2 years at 10% per annum is Rs. 525. The S.I. on the same sum for double the time at half the rate percent per annum is________?

Accepted Answer

B. Rs. 500

Question 9

If the C.I. on a sum for 2 years at 12 1/2 % per annum is Rs. 510, the S.I. on the same sum at the same rate for the same period of time is________?

Accepted Answer

D. Rs. 480

Question 10

The principal that amounts to Rs. 4913 in 3 years at 6 1/4 % per annum C.I. compounded annually, is_________??

Accepted Answer

D. Rs. 4096

Question 11

The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period(in years) is_________?

Accepted Answer

A. 2

Question 12

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

Accepted Answer

B. Rs. 3

Question 13

What will be the difference between simple and compound interest at 10% per annum on a sum of Rs. 1000 after 4 years?

Accepted Answer

D. Rs. 64.10

Question 14

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 sum at the rate and for the same time?

Accepted Answer

A. Rs. 51.25

Question 15

Find the Compound Interest on Rs. 15,625 for 9 months at 16% per annum compounded quarterly?

Accepted Answer

C. Rs. 1951

Question 16

What is the difference between the C.I. on Rs. 5000 for 1 1/2 years at 4% per annum compounded yearly and half-yearly?

Accepted Answer

A. Rs. 2.04

Question 17

A sum of money place at compound interest doubles itself in 4 years. In how many years will it amount to eight times itself?

Accepted Answer

C. 12

Question 18

The sum of money at compound interest amounts to thrice itself in 3 years. In how many years will it be 9 times itself?

Accepted Answer

D. 6

Question 19

The C.I. on a certain sum for 2 years Rs.41 and the simple interest is Rs.40. What is the rate percent?

Accepted Answer

B. 5%

Question 20

Simple interest on a sum at 4% per annum for 2 years is Rs.80. The C.I. on the same sum for the same period is_______?

Accepted Answer

A. Rs.81.60