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interest Mcqs

Mr. Tassawar Javed invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?

interest Mcqs, Mathematics Mcqs /
Mr. Tassawar Javed invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?

A. Rs. 6400
B. Rs. 6500
C. Rs. 7200
D. Rs. 7500

Let the sum invested in Scheme A be Rs. x and that in Scheme B be Rs. (13900 – x).
then , (x*14*2/100)+(13900-x)*11*2/100) =3508
28x – 22x = 350800 – (13900 x 22)
6x = 45000
x = 7500.
So, sum invested in Scheme B = Rs. (13900 – 7500) = Rs. 6400.

Mr. Tassawar Javed invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B? Read More »

interest Mcqs, Mathematics Mcqs

An amount of 5,000 is invested at a fixed rate of 8 per cent per annum. What amount will be the value of the investment in five years time, if the interest is compounded every six months?

interest Mcqs, Mathematics Mcqs /
An amount of 5,000 is invested at a fixed rate of 8 per cent per annum. What amount will be the value of the investment in five years time, if the interest is compounded every six months?

A. 7401.22
B. 3456
C. 4567
D. 7890

An amount of 5,000 is invested at a fixed rate of 8 per cent per annum. What amount will be the value of the investment in five years time, if the interest is compounded every six months? Read More »

interest Mcqs, Mathematics Mcqs

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?

interest Mcqs, Mathematics Mcqs /
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?

A. 17.5 lakhs
B. 21 lakhs
C. 15 lakhs
D. 20 lakhs

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? Read More »

interest Mcqs, Mathematics Mcqs

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 ?

interest Mcqs, Mathematics Mcqs /
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 ?

A. 3.6
B. 6
C. 18
D. Cannot be determined

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 ? Read More »

interest Mcqs, Mathematics Mcqs

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 :

interest Mcqs, Mathematics Mcqs /
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 :

A. Rs. 2000
B. Rs. 10,000
C. Rs. 15,000
D. Rs. 20,000
principal = Rs. ( 100 X 5400/12 X 3 ) = Rs. 15000

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 : Read More »

interest Mcqs, Mathematics Mcqs

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 ?

interest Mcqs, Mathematics Mcqs /
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 ?

A. 3%
B. 4%
C. 5%
D. 6%
S.I. = Rs. (15500 – 12500) = Rs. 3000.
Rate = ( 100 X 3000/12500 X 4 )% = 6%.

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 ? Read More »

interest Mcqs, Mathematics Mcqs

A sum of money amounts to Rs 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is :

interest Mcqs, Mathematics Mcqs /
A sum of money amounts to Rs 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is :

A. 5%
B. 8%
C. 12%
D. 15%
S.I. for 3 years = Rs. (12005 – 9800) = Rs. 2205. S.I. for 5 years = Rs. ( 2205/3 X 5 ) = Rs. 3675. So Principal = Rs. (9800 – 3675) = Rs. 6125. Hence, rate = ( 100 X 3675/6125 X 5 X 5 )% = 12%.

A sum of money amounts to Rs 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is : Read More »

interest Mcqs, Mathematics Mcqs