MCQOPTIONS
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MCQOPTIONS
This section includes 5 Mcqs, each offering curated multiple-choice questions to sharpen your Maths knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
The difference between CI and SI on a sum of money for 3 years at 5% per annum is Rs.61. Find the sum. |
| A. | 6000 |
| B. | 8000 |
| C. | 4000 |
| D. | 4680 |
| Answer» C. 4000 | |
| 2. |
A bank offers a 20% compound interest per half year . A customer deposits Rs. 2800 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is______ |
| A. | Rs.1792 |
| B. | Rs.448 |
| C. | Rs.3584 |
| D. | Rs.896 |
| Answer» B. Rs.448 | |
| 3. |
A sum of Rs. 12,000, deposited at compound interest becomes double after 5 years. How much will it be after 20 years? |
| A. | Rs.1,50,000 |
| B. | Rs.1,92,000 |
| C. | Rs.1,44,000 |
| D. | Rs.1,20,000 |
| Answer» B. Rs.1,92,000 | |
| 4. |
C.I. on a certain sum is Rs.1261 in 3 years at 5%. Find the sum? |
| A. | 5,000 |
| B. | 10,000 |
| C. | 8,000 |
| D. | 9,000 |
| Answer» D. 9,000 | |
| 5. |
Find the difference between compound interest and simple interest on 5000 for 2 years at 8% p.a payable annually. |
| A. | 45 |
| B. | 32 |
| C. | 57 |
| D. | 84 |
| Answer» C. 57 | |