mathematics MCQs – Page 144

Practise multiple-choice questions from mathematics for competitive examinations and subject revision. Review each marked answer and report any item that may be outdated or unclear.

2861. A man took a loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was :
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A. Rs. 10,000

B. Rs. 15,000

C. Rs. 20,000

D. Rs. 2000

2862. A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest What is the rate of interest ?
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A. 3%

B. 6%

C. 5%

D. 4%

2863. A man invests a certain sum of money at 6% per annum simple interest and another sum at 7% per annum simple interest. His income from interest after 2 years was Rs. 354. One-forth of the first sum is equal to one-fifth of the second sum. The total sum invested was :
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A. Rs.1800

B. Rs.2200

C. Rs.3100

D. Rs.2700
2864. Nabeela took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest ?
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A. 6

B. 18

C. 3.6

D. Cannot be determined

2865. A sum of money trebles itself in 15 years, 6 months. In how many years would it double itself ?
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A. 7 years 9 months

B. 8 years 3 months

C. 6 years 3 months

D. 9 years 6 months

2866. A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest?
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A. 5%

B. 6%

C. 4.50%

D. 3.46%
2867. Rs. 800 amounts to Rs. 920 in 3 years at simple interest. If the interest rate is increased by 3%, it would amount to how much ?
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A. Rs. 992

B. Rs. 1182

C. Rs. 1112

D. Rs. 1056

2868. If the simple interest on a certain sum of money after 3 1?8 years is 1?4 of the principal, what is the rate of interest per annum?
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A. 4%

B. 6%

C. 12%

D. 8%
2869. How much time will it take for an amount of Rs. 900 to yield Rs. 81 as interest at 4.5% per annum of simple interest?
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A. 3 years

B. 1 year

C. 2 years

D. 4 years

2870. A father left a will of Rs.35 lakhs between his two daughters aged 8.5 and 16 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.35 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will?
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A. 15 lakhs

B. 21 lakhs

C. 17.5 lakhs

D. 20 lakhs

2871. A sum was put at simple interest at a certain rate for 3 years. Had it been put at 2% higher rate, it would have fetched Rs 360 more. Find the sum.
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A. Rs.6000

B. Rs.9000

C. Rs.4000

D. Rs.5000

2872. A car is purchased on hire-purchase. The cash price is $21 000 and the terms are a deposit of 10% of the price, then the balance to be paid off over 60 equal monthly installments. Interest is charged at 12% p.a. What is the monthly installment?
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A. $503

B. $504

C. $506

D. $505

2873. A sum was put a simple interest at a certain rate for 2 years. Had it been put at 4% higher rate, it would have fetched Rs. 60 more. The sum is:________?
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A. Rs.940

B. Rs.820

C. Rs.700

D. Rs.750
2874. What annual installment will discharge a debt of Rs 1092 due in 3 years at 12% simple interest?
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A. Rs.560

B. Rs.325

C. Rs.545

D. Rs.550

2875. You deposit $600 into a 6 month certificate of deposit. After 6 months the balance is $618. Find the simple annual interest rate
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A. 5%

B. 6%

C. 8%

D. 7%

2876. A lends Rs. 1500 to B and a certain sum to C at the same time at 8% per annum simple interest. If after 4 years, A altogether receives Rs. 1400 as interest from B and C, then the sum lent to C is________?
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A. Rs.2875

B. Rs.2245

C. Rs.1885

D. Rs.2615

2877. A sum of Rs. 2500 amounts to Rs. 3875 in 4 years at the rate of simple interest. What is the rate of interest?
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A. 12.25%

B. 12%

C. 13.75%

D. 6%

2878. A trader owes a merchant Rs. 10,028 due 1 year hence. The trader wants to settle the account after 3 months. If the rate of interest 12% per annum, how much cash should he pay?
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A. Rs. 9560

B. Rs. 9200

C. Rs. 9025.20

D. Rs. 9600

2879. A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is :________?
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A. Rs. 700

B. Rs. 698

C. Rs. 690

D. Rs. 650

2880. The simple interest on Rs.500 at 6% per annum from May 3rd to July 15th in the same year is_________?
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A. Rs.9

B. Rs.8

C. Rs.4

D. Rs.6