

MCQOPTIONS
This section includes 100 Mcqs, each offering curated multiple-choice questions to sharpen your Mathematics Quizzes knowledge and support exam preparation. Choose a topic below to get started.
1. |
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_________? |
A. | Rs 1575.20 |
B. | Rs 1600 |
C. | Rs 1625.80 |
D. | Rs 2000 |
Answer» B. Rs 1600 | |
2. |
What is the principle amount which earns Rs.132 as compound interest for the second year at 10 % per annum? |
A. | Rs. 1000 |
B. | Rs. 1200 |
C. | Rs. 1320 |
D. | None of these |
Answer» C. Rs. 1320 | |
3. |
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_______? |
A. | Rs. 8082 |
B. | Rs. 7800 |
C. | Rs. 8100 |
D. | Rs. 8112 |
Answer» E. | |
4. |
A sum of money place at compound interest doubles itself in 4 years. In how many years will it amount to eight times itself? |
A. | 16 |
B. | 8 |
C. | 12 |
D. | 20 |
Answer» D. 20 | |
5. |
Hafeez invested Rs. 15000 @ 10% per annum for one year. If the interest is compounded half-yearly, then the amount received by Hafeez at the end of the year will be? |
A. | Rs. 16,500 |
B. | Rs. 16,525.50 |
C. | Rs. 16,537.50 |
D. | Rs. 18,150 |
Answer» D. Rs. 18,150 | |
6. |
A man saves Rs. 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years? |
A. | Rs. 565.25 |
B. | Rs. 635 |
C. | Rs. 662.02 |
D. | Rs. 666.50 |
Answer» D. Rs. 666.50 | |
7. |
What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12% p.a.? |
A. | Rs. 9000.30 |
B. | Rs. 9720 |
C. | Rs. 10123.20 |
D. | Rs. 10483.20 |
Answer» D. Rs. 10483.20 | |
8. |
Shohaib invested Rs. 8000 in a scheme for 2 years at compound interest rate 5% p.a. How much amount will Shohaib get on maturity of the fixed deposit? |
A. | Rs. 8600 |
B. | Rs. 8620 |
C. | Rs. 8800 |
D. | Rs. 8840 |
E. | None of these |
Answer» F. | |
9. |
Afnan wants to borrow Rs.6000 at rate of interest 6% p.a. at S.I and lend the same amount at C.I at same rate of interest for two years. What would be his income in the above transaction? |
A. | Rs.21.60 |
B. | Rs.24.00 |
C. | Rs.25.20 |
D. | Rs.27.80 |
E. | None of these |
Answer» B. Rs.24.00 | |
10. |
The C.I. on a certain sum for 2 years Rs.41 and the simple interest is Rs.40. What is the rate percent? |
A. | 4% |
B. | 5% |
C. | 6% |
D. | 8% |
Answer» C. 6% | |
11. |
The simple interest on Rs.12000 at a certain rate of interest in five years is Rs.7200. Find the compound interest on the same amount for five years at the same rate of interest. |
A. | Rs.3502.80 |
B. | Rs.3052.40 |
C. | Rs.3054.8 |
D. | Rs.3052.80 |
E. | None of these |
Answer» E. None of these | |
12. |
Rayan invested certain amount for two rates of simple interests at 6% p.a. and 7% p.a. What is the ratio of Rayan’s investments if the interests from those investments are equal? |
A. | 4 : 3 |
B. | 3 : 2 |
C. | 6 : 5 |
D. | 7 : 6 |
E. | None of these |
Answer» E. None of these | |
13. |
A person got Rs.48 more when he invested a certain sum at compound interest instead of simple interest for two years at 8% p.a. Find the sum? |
A. | Rs.7500 |
B. | Rs.7000 |
C. | Rs.8000 |
D. | Rs.6500 |
E. | None of these |
Answer» B. Rs.7000 | |
14. |
What is the difference between the compound interest on Rs.12000 at 20% p.a. for one year when compounded yearly and half yearly? |
A. | Rs.140 |
B. | Rs.120 |
C. | Rs.130 |
D. | Rs.110 |
Answer» C. Rs.130 | |
15. |
The sum of money at compound interest amounts to thrice itself in 3 years. In how many years will it be 9 times itself? |
A. | 18 |
B. | 12 |
C. | 9 |
D. | 6 |
Answer» E. | |
16. |
The compound and the simple interests on a certain sum at the same rate of interest for two years are Rs.11730 and Rs.10200 respectively. Find the sum. |
A. | Rs.18000 |
B. | Rs.17000 |
C. | Rs.18500 |
D. | Rs.17500 |
E. | None of these. |
Answer» C. Rs.18500 | |
17. |
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_______? |
A. | Rs.81.60 |
B. | Rs.160 |
C. | Rs.1081.60 |
D. | Rs.99 |
Answer» B. Rs.160 | |
18. |
The least number of complete years in which a sum of money put out at 20% C.I. will be more than doubled is_________? |
A. | 3 |
B. | 4 |
C. | 5 |
D. | 6 |
Answer» C. 5 | |
19. |
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________? |
A. | 10% |
B. | 10.5% |
C. | 12% |
D. | None of these |
Answer» E. | |
20. |
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? |
A. | 8 |
B. | 10 |
C. | 12 |
D. | Cannot be determined |
Answer» B. 10 | |
21. |
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? |
A. | Rs. 1620 |
B. | Rs. 1640 |
C. | Rs. 1680 |
D. | Rs. 1700 |
Answer» C. Rs. 1680 | |
22. |
What annual payment will discharge a debt of Rs. 1025 due in 2 years at the rate of 5% compound interest? |
A. | Rs. 550 |
B. | Rs. 551.25 |
C. | Rs. 560 |
D. | Rs. 560.75 |
Answer» C. Rs. 560 | |
23. |
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________? |
A. | Rs. 400 |
B. | Rs. 450 |
C. | Rs. 460 |
D. | Rs. 480 |
Answer» E. | |
24. |
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? |
A. | 7 years |
B. | 10 years |
C. | 15 years |
D. | 20 years |
Answer» D. 20 years | |
25. |
The Compound interest on Rs 16000 for 9 months at 20% P.a compounded quarterly is:__________? |
A. | Rs 2518 |
B. | Rs 2520 |
C. | Rs 2522 |
D. | Rs 2524 |
Answer» D. Rs 2524 | |
26. |
The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is________? |
A. | 6.06% |
B. | 6.07% |
C. | 6.08% |
D. | 6.09% |
Answer» E. | |
27. |
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______? |
A. | 2 1/2 % |
B. | 4% |
C. | 5% |
D. | 6 2/3 % |
Answer» D. 6 2/3 % | |
28. |
The difference between compound interest and simple interest on a sum for 2 years at 8% P.a is Rs 786. The sum is:_________? |
A. | Rs 100000 |
B. | Rs 11000 |
C. | Rs 120000 |
D. | Rs 170000 |
Answer» D. Rs 170000 | |
29. |
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? |
A. | 7 years |
B. | 10 years |
C. | 15 years |
D. | 20 years |
Answer» D. 20 years | |
30. |
If the interest is payable annually than the principal on which the compound interest for 3 years at 10% P.a is Rs 33/- is given by:__________? |
A. | Rs 900 |
B. | Rs 1000 |
C. | Rs 1050 |
D. | Rs 1100 |
Answer» C. Rs 1050 | |
31. |
What will be the compound interest on Rs 25000 after 3 years at 12% Per annum? |
A. | Rs 9000.30 |
B. | Rs 9720 |
C. | Rs 10123.20 |
D. | Rs 10483.20 |
E. | None of these |
Answer» F. | |
32. |
How much would a sum of Rs 16000 approximately amount to in 2 years at 10% P.a compounded half-yearly? |
A. | Rs 17423 |
B. | Rs 18973 |
C. | Rs 19448 |
D. | Rs 19880 |
Answer» D. Rs 19880 | |
33. |
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:_________? |
A. | Rs 230 |
B. | Rs 232 |
C. | Rs 600 |
D. | Rs 832 |
Answer» C. Rs 600 | |
34. |
The difference between compound interest and simple interest on Rs 8000 at 5% P.a for 3 years is_________? |
A. | Rs 50 |
B. | Rs 60 |
C. | Rs 61 |
D. | Rs 600 |
Answer» D. Rs 600 | |
35. |
The difference between the simple interest and the compound interest on Rs 5000 at 10% P.a for 3 years is:_______? |
A. | Rs 145 |
B. | Rs 150 |
C. | Rs 165 |
D. | Rs 180 |
E. | None of these |
Answer» F. | |
36. |
A sum amounts to Rs. 2916 in 2 years and to Rs.3149.28 in 3 years at compound Interest. The sum is_________? |
A. | Rs.1500 |
B. | Rs.2000 |
C. | Rs.2500 |
D. | Rs.3000 |
Answer» D. Rs.3000 | |
37. |
A sum of money becomes Rs.6690 after three years and Rs.10.035 after six years on compound interest. The sum is________? |
A. | Rs.4400 |
B. | Rs.4445 |
C. | Rs.4460 |
D. | Rs.4520 |
Answer» D. Rs.4520 | |
38. |
A sum of money amounts to Rs. 10648 in 3years and Rs. 9680 in 2 years. The rate of interest is_________? |
A. | 5 % |
B. | 10 % |
C. | 15 % |
D. | 20 % |
Answer» C. 15 % | |
39. |
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? |
A. | 10 % |
B. | 12 % |
C. | 6 % |
D. | 8 % |
Answer» C. 6 % | |
40. |
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_______? |
A. | Rs.350 |
B. | Rs.375 |
C. | Rs. 380 |
D. | Rs. 400 |
Answer» E. | |
41. |
Rs. 800 at 5 % Per annum compound interest will amount to Rs. 882 in________? |
A. | 1 Year |
B. | 2 years |
C. | 3 Years |
D. | 4 Years |
Answer» C. 3 Years | |
42. |
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_________? |
A. | Rs. 81.60 |
B. | Rs. 160 |
C. | Rs. 1081.60 |
D. | None of these |
Answer» B. Rs. 160 | |
43. |
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_________? |
A. | 625 |
B. | 630 |
C. | 640 |
D. | 650 |
Answer» B. 630 | |
44. |
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_______? |
A. | Rs.600 |
B. | Rs.500 |
C. | Rs.400 |
D. | Rs.300 |
Answer» B. Rs.500 | |
45. |
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? |
A. | Rs. 2160 |
B. | Rs. 3120 |
C. | Rs. 3972 |
D. | Rs. 6240 |
Answer» D. Rs. 6240 | |
46. |
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________? |
A. | Rs. 1550 |
B. | Rs. 1650 |
C. | Rs. 1750 |
D. | Rs. 2000 |
Answer» D. Rs. 2000 | |
47. |
The principal that amounts to Rs. 4913 in 3 years at 6 1/4 % per annum C.I. compounded annually, is_________?? |
A. | Rs. 3096 |
B. | Rs. 4076 |
C. | Rs. 4085 |
D. | Rs. 4096 |
Answer» E. | |
48. |
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________? |
A. | Rs. 400 |
B. | Rs. 500 |
C. | Rs. 600 |
D. | Rs. 800 |
Answer» C. Rs. 600 | |
49. |
The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:________? |
A. | Rs. 2.50 |
B. | Rs. 3 |
C. | Rs. 3.75 |
D. | Rs. 4 |
Answer» C. Rs. 3.75 | |
50. |
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:_______? |
A. | Rs. 1550 |
B. | Rs. 1650 |
C. | Rs. 1750 |
D. | Rs. 2000 |
Answer» D. Rs. 2000 | |