Mathematics MCQs

Page No. 131

Nabeela took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest ?


a3.6


b6


c18


dCannot be determined


View Answer 6

What is the present worth of Rs. 132 due in 2 years at 5% simple interest per annum ?


aRs. 112


bRs. 118.80


cRs. 120


dRs. 122


View Answer Rs. 120

A father left a will of Rs.35 lakhs between his two daughters aged 8.5 and 16 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.35 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will?


a17.5 lakhs


b21 lakhs


c15 lakhs


d20 lakhs


View Answer 21 lakhs

An amount of 5,000 is invested at a fixed rate of 8 per cent per annum. What amount will be the value of the investment in five years time, if the interest is compounded every six months?


a7401.22


b3456


c4567


d7890


View Answer 7401.22

The simple interest on Rs.500 at 6% per annum from May 3rd to July 15th in the same year is_________?


aRs.8


bRs.6


cRs.4


dRs.9


View Answer Rs.6

Mr. Tassawar Javed invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?


aRs. 6400


bRs. 6500


cRs. 7200


dRs. 7500


View Answer Rs. 6400

A lends Rs. 1500 to B and a certain sum to C at the same time at 8% per annum simple interest. If after 4 years, A altogether receives Rs. 1400 as interest from B and C, then the sum lent to C is________?


aRs.2875


bRs.1885


cRs.2245


dRs.2615


View Answer Rs.2875

A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest?


a3.46%


b4.5%


c5%


d6%


View Answer 3.46%

A car is purchased on hire-purchase. The cash price is $21 000 and the terms are a deposit of 10% of the price, then the balance to be paid off over 60 equal monthly installments. Interest is charged at 12% p.a. What is the monthly installment?


a$503


b$504


c$505


d$506


View Answer $504

A sum was put a simple interest at a certain rate for 2 years. Had it been put at 4% higher rate, it would have fetched Rs. 60 more. The sum is:________?


aRs.750


bRs.700


cRs.820


dRs.940


View Answer Rs.750

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