Practice Question and Answer
8 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 05f16b2c6cf79540a75392448
5f16b2c6cf79540a75392448- 1Rs. 14false
- 2Rs. 35false
- 3Rs. 3.50false
- 4Rs. 7true
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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 05f1176c19db0e76d9d86f751
5f1176c19db0e76d9d86f751- 1210false
- 2207true
- 3240false
- 4215false
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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 05f16a99f97cc6b353bf3deee
5f16a99f97cc6b353bf3deee- 120 %false
- 210 %false
- 3100 %true
- 480 %false
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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 05f16a6c58cf3201b63278729
5f16a6c58cf3201b63278729- 18 yearsfalse
- 25 yearsfalse
- 36 yearsfalse
- 44 yearstrue
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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 05f16a5e7cf79540a7538e235
5f16a5e7cf79540a7538e235- 13 %false
- 25 %true
- 36 %false
- 47 %false
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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 05f16a4ad97cc6b353bf3c109
5f16a4ad97cc6b353bf3c109- 1Rs. 1,500false
- 2Rs. 2,500false
- 3Rs. 2,000true
- 4Rs. 1,000false
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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 05f16a390cf79540a7538dea1
5f16a390cf79540a7538dea1- 116 yearsfalse
- 224 yearsfalse
- 318 yearsfalse
- 412 yearstrue
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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 05f16a1399a713b0717cd0183
5f16a1399a713b0717cd0183- 1Rs. 43.41true
- 2Rs. 43.29false
- 3Rs. 44false
- 4Rs. 28.35false
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