Maths Practice Question and Answer

Q:

A sum of money becomes eight times of itself in 3 years at compound interest. The rate of interest per annum is 

1203 0

  • 1
    20 %
    Correct
    Wrong
  • 2
    10 %
    Correct
    Wrong
  • 3
    100 %
    Correct
    Wrong
  • 4
    80 %
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "100 % "

Q:

A sum of money becomes eight times in 3 years, if the rate is compounded annually. In how much time will the amount at the same compound rate become sixteen times? 

1350 0

  • 1
    8 years
    Correct
    Wrong
  • 2
    5 years
    Correct
    Wrong
  • 3
    6 years
    Correct
    Wrong
  • 4
    4 years
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "4 years "

Q:

A sum of Rs. 8000 will amount to Rs. 8820 in 2 years if the interest is calculated every year. The rate of compound interest is 

1166 0

  • 1
    3 %
    Correct
    Wrong
  • 2
    5 %
    Correct
    Wrong
  • 3
    6 %
    Correct
    Wrong
  • 4
    7 %
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "5 % "

Q:

If the difference between the compound and simple interest on a certain sum of money for 3 years at 5 % per annum is Rs. 15.25, then the sum is 

1111 0

  • 1
    Rs. 1,500
    Correct
    Wrong
  • 2
    Rs. 2,500
    Correct
    Wrong
  • 3
    Rs. 2,000
    Correct
    Wrong
  • 4
    Rs. 1,000
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Rs. 2,000 "

Q:

A sum of money doubles itself in 4 years compound interest. It will amount to 8 times itself at the same rate of interest is -

1180 0

  • 1
    16 years
    Correct
    Wrong
  • 2
    24 years
    Correct
    Wrong
  • 3
    18 years
    Correct
    Wrong
  • 4
    12 years
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "12 years "

Q:

The difference between the compound and the simple interest on a sum for 2 years at 10 % per annum , when the interest is compounded annually, is Rs.28. If the yearly interest were compounded half yearly, the difference in the two interests will be 

1141 0

  • 1
    Rs. 43.41
    Correct
    Wrong
  • 2
    Rs. 43.29
    Correct
    Wrong
  • 3
    Rs. 44
    Correct
    Wrong
  • 4
    Rs. 28.35
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Rs. 43.41 "

Q:

A man buys a scooter on making a cash down payment of Rs. 16224 and promises to pay two more yearly installments of an equivalent amount in the next two years. If the rate of interest is 4% per annum, compounded yearly, the cash value of the scooter, is 

2798 0

  • 1
    Rs. 46000
    Correct
    Wrong
  • 2
    Rs. 50000
    Correct
    Wrong
  • 3
    Rs. 40000
    Correct
    Wrong
  • 4
    Rs. 46824
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "Rs. 46824 "

Q:

At what percent per annum will Rs. 3000 amounts to Rs. 3993 in 3 years if the interest is compounded annually?  

1359 0

  • 1
    11%
    Correct
    Wrong
  • 2
    13%
    Correct
    Wrong
  • 3
    9%
    Correct
    Wrong
  • 4
    10%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "10% "

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully