Mathematics MCQs

Page No. 61

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?


a7 years


b10 years


c15 years


d20 years


View Answer 15 years

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_________?


aRs 1575.20


bRs 1600


cRs 1625.80


dRs 2000


View Answer Rs 1575.20

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_________?


aRs 4500


bRs 5000


cRs 5500


dRs 6000


View Answer Rs 5000

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_________?


aRs 230


bRs 232


cRs 600


dRs 832


View Answer Rs 232

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_________?


aRs 6500


bRs 6565


cRs 65065


dRs 65650


View Answer Rs 6500

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


aRs 6.06%


bRs 6.07%


cRs 6.08%


dRs 6.09%


View Answer Rs 6.09%

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


a5%


b6%


c10%


d15%


View Answer 10%

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:___________?


a6%


b8%


c10%


d12%


View Answer 12%

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:_______?


aRs. 1550


bRs. 1650


cRs. 1750


dRs. 2000


View Answer Rs. 1750

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?


aRs. 51.25


bRs. 52


cRs. 54.25


dRs. 60


View Answer Rs. 51.25

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