Practice Question and Answer

Q:

On a certain sum of money, the simple interest for 2 years is Rs. 350 at the rate of 4 % per annum. If it was invested at compound interest at the same rate for the same duration as before, how much more interest would be earned? 

1136 0

  • 1
    Rs. 14
    Correct
    Wrong
  • 2
    Rs. 35
    Correct
    Wrong
  • 3
    Rs. 3.50
    Correct
    Wrong
  • 4
    Rs. 7
    Correct
    Wrong
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Answer : 4. "Rs. 7 "

Q:

529 mangoes are distributed to Vivek Amit and Ajay in the ratio of $$ {1\over 2},{2\over 3} ,{3\over4}$$ respectively. So tell me how many mangoes Ajay will get?

1715 0

  • 1
    210
    Correct
    Wrong
  • 2
    207
    Correct
    Wrong
  • 3
    240
    Correct
    Wrong
  • 4
    215
    Correct
    Wrong
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Answer : 2. "207"

Q:

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

1079 0

  • 1
    20 %
    Correct
    Wrong
  • 2
    10 %
    Correct
    Wrong
  • 3
    100 %
    Correct
    Wrong
  • 4
    80 %
    Correct
    Wrong
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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? 

1179 0

  • 1
    8 years
    Correct
    Wrong
  • 2
    5 years
    Correct
    Wrong
  • 3
    6 years
    Correct
    Wrong
  • 4
    4 years
    Correct
    Wrong
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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 

1005 0

  • 1
    3 %
    Correct
    Wrong
  • 2
    5 %
    Correct
    Wrong
  • 3
    6 %
    Correct
    Wrong
  • 4
    7 %
    Correct
    Wrong
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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 

990 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
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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 -

1041 0

  • 1
    16 years
    Correct
    Wrong
  • 2
    24 years
    Correct
    Wrong
  • 3
    18 years
    Correct
    Wrong
  • 4
    12 years
    Correct
    Wrong
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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 

1025 0

  • 1
    Rs. 43.41
    Correct
    Wrong
  • 2
    Rs. 43.29
    Correct
    Wrong
  • 3
    Rs. 44
    Correct
    Wrong
  • 4
    Rs. 28.35
    Correct
    Wrong
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Answer : 1. "Rs. 43.41 "

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