What sum of money put at C.I amounts in 2 years to Rs.8820 and in 3 years to Rs.9261?
A. Rs.8000
B. Rs.8400
C. Rs.7500
D. None
Answer
Correct Answer: A. Rs.8000
Find the amount on Rs.8000 in 9 months at 20% per annum, if the interest being compounded quarterly?
A. Rs.1261
B. Rs.9261
C. Rs.9621
D. Rs.9162
Answer
Correct Answer:
Solution
A = 8000(21/20)3 = 9261
Every year an amount increases by 1/8th of itself. How much will it be after two years if its present value is Rs.64000?
A. Rs.81000
B. Rs.80000
C. Rs.75000
D. Rs.64000
Answer
Correct Answer: A. Rs.81000
Detail About MCQs
64000* 9/8 * 9/8 = 81000
Rajan borrowed Rs.4000 at 5% p.a compound interest. After 2 years, he repaid Rs.2210 and after 2 more year, the balance with interest. What was the total amount that he paid as interest?
A. Rs.635.50
B. Rs.613.50
C. Rs.675.50
D. Rs.653.50
Answer
Correct Answer: A. Rs.635.50
Sehar gave Shazia Rs.1250 on compound interest for 2 years at 4% per annum. How much loss would Sehar has suffered had she given it to Shazia for 2 years at 4% per annum simple interest?
A. Rs.10
B. Rs.2
C. Rs.5
D. Rs.3
Answer
Correct Answer: B. Rs.2
Detail About MCQs
1250 = D(100/4)2
D = 2
In one year, the population, of a village increased by 10% and in the next year, it decreased by 10%. If at the end of 2nd year, the population was 7920, what was it in the beginning?
A. 8500
B. 8000
C. 8100
D. 8400
Answer
Correct Answer: B. 8000
How much more would Rs.20000 fetch, after two years, if it is put at 20% p.a. compound interest payable half yearly than if is put at 20% p.a. compound interest payable yearly?
A. Rs.482
B. Rs.424
C. Rs.842
D. Rs.512
Answer
Correct Answer: A. Rs.482
Detail About MCQs
20000(11/10)4 – 20000(6/5)2 = 482
A money lender lends Rs.2000 for six months at 20% p.a. rate. It the interest is reckoned quarterly than find the amount given after time limit.
A. Rs.2205
B. Rs.2200
C. Rs.2160
D. Rs.2040
Answer
Correct Answer: A. Rs.2205
Detail About MCQs
A = 2000(21/20)2 = 2205
A sum amount to Rs.1344 in two years at simple interest. What will be the compound interest on the same sum at the same rate of interest for the same period?
A. Rs.150
B. Rs.140
C. Rs.130
D. Data insufficient for the answer
Answer
Correct Answer: D. Data insufficient for the answer
The population of a city increases at the rate of 4% p.a. but there is an additional annual increase of 1% in the population due to some job seekers. The percentage increase in the population after 2 years is:
A. 10
B. 11
C. 10.25
D. 10.15
Answer
Correct Answer: C. 10.25
Detail About MCQs
100
5 —- I
5
0.25 — II
———–
10.25%