Usman borrows Rs. 80,000 at 10% per annum, compounded quarterly. How much must he repay after 6 months?
Correct answer D. Rs. 84,050
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Maths MCQs & Aptitude MCQs
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A generator worth Rs. 120,000 depreciates by 20% in the first year and by 15% per annum on its reducing value thereafter. What is its value after 3 years?
Correct answer C. Rs. 69,360
At 10% per annum compound interest, the interest for the third year on a sum is Rs. 1,936. What is the sum?
Correct answer A. Rs. 16,000
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Rs. 3,364 is divided between Hina and Zoya so that Hina’s share after 5 years equals Zoya’s share after 7 years, both at 5% per annum compound interest. What is Hina’s share?
Correct answer D. Rs. 1,764
The population of a village decreases by 5% every year. If it is 36,100 now, what was it 2 years ago?
Correct answer C. 40,000
When the simple interest rate on a deposit falls from 9% to 7.5% per annum, the depositor’s yearly income falls by Rs. 180. What is the deposit?
Correct answer B. Rs. 12,000
Rs. 9,200 is divided into two parts so that the amount of the first after 2 years equals the amount of the second after 4 years, both at 5% per annum simple interest. What is the second part?
Correct answer A. Rs. 4,400
What is the simple interest on Rs. 18,250 at 8% per annum for 146 days?
Correct answer A. Rs. 584
Out of Rs. 30,000, one-third is invested at 6%, one-half at 8% and the rest at 10% per annum simple interest. What is the total yearly interest?
Correct answer C. Rs. 2,300
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Rs. 7,500 amounts to Rs. 9,750 in 3 years at simple interest. What would it amount to in 3 years if the rate were 3% per annum higher?
Correct answer C. Rs. 10,425
Asim lent Rs. 8,000 to Bilal for 2 years and Rs. 5,000 to Kamran for 3 years at the same simple interest rate, and received Rs. 2,480 in total as interest. What was the rate per annum?
Correct answer A. 8%
At what rate of simple interest per annum will a sum become 2.4 times itself in 14 years?
Correct answer B. 10%
At simple interest, Rs. 1 grows to Rs. 1.36 in 4 years. At the same rate, what will Rs. 2,500 amount to in 7 years?
Correct answer C. Rs. 4,075
The simple interest on a sum for 3.5 years at 11% per annum exceeds the simple interest on it for 2.5 years at 12% per annum by Rs. 680. What is the sum?
Correct answer B. Rs. 8,000
At 9% per annum simple interest, the interest on a sum for 4 years exceeds the interest for 2.5 years by Rs. 540. What is the sum?
Correct answer D. Rs. 4,000
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One-quarter of a sum is lent at 6%, one-third at 9% and the rest at 12% per annum simple interest. The total yearly interest is Rs. 1,520. What is the sum?
Correct answer C. Rs. 16,000
In how many months will Rs. 6,000 earn a simple interest of Rs. 405 at 9% per annum?
Correct answer D. 9 months
A sum doubles in 10 years at simple interest. Rs. 5,000 is invested at this rate, and after 4 years the rate is raised by 5% per annum. What is the amount at the end of 10 years?
Correct answer C. Rs. 11,500
What is the compound interest on Rs. 8,000 at 10% per annum for 3 years, compounded annually?
Correct answer B. Rs. 2,648
Sana deposits Rs. 12,500 at 8% per annum compound interest, compounded annually. What amount will she receive after 2 years?
Correct answer C. Rs. 14,580