Maths MCQs (Test No-05) For All Tests Preparation

Mathematics Solved MCQs Test 05 — Maths MCQs (Test No-05) For All Tests Preparation

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Mathematics MCQs Test No-05

81. A man purchased a cow for Rs. 3000 and sold it the same day for Rs. 3600, allowing the buyer a credit of 2 years. If the rate of interest be 10% per annum, then the man has a gain of:

A. 0% ✔
B. 5%
C. 7.5%
D. 10%

82. 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 ?

A. Rs. 992 ✔
B. Rs. 1112
C. Rs. 1056
D. Rs. 1182

83. 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:

A. Rs.750 ✔
B. Rs.700
C. Rs.940
D. Rs.820

84. 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 :

A. Rs.3100
B. Rs.2700 ✔
C. Rs.2200
D. Rs.1800

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

A. 6% ✔
B. 5%
C. 7%
D. 8%

86. How long will it take for a sum of money to grow from Rs.1250 to Rs.10,000, if it is invested at 12.5% p.a simple interest?

A. 65 years
B. 56 years ✔
C. 45 years
D. 57 years

87. What is the rate of interest at which Rs.150 becomes Rs. 220 in 10 years.

A. 11/3%
B. 14/3% ✔
C. 12%
D. 14

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

A. Rs. 700
B. Rs. 690
C. Rs. 650
D. Rs. 698 ✔

89. 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.

A. Rs.4000
B. Rs.9000
C. Rs.5000
D. Rs.6000 ✔

90. 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%

Also Read:

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

A. 12.25%
B. 12%
C. 6%
D. 13.75% ✔

92. A sum of money becomes 7⁄5 of itself in 4 years at a certain rate of simple interest. The rate per annum is :

A. 9%
B. 10% ✔
C. 11%
D. 12%

93. If there is a total of 104 weekly instalments and a third deposit, find the interest charged

A. 237.55 ✔
B. 337
C. 443
D. 334

94. What annual installment will discharge a debt of Rs 1092 due in 3 years at 12% simple interest?

A. Rs.325 ✔
B. Rs.545
C. Rs.560
D. Rs.550

95. 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?

A. 6%
B. 4%
C. 8% ✔
D. 12%

96. 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?

A. 2 years ✔
B. 3 years
C. 1 year
D. 4 years

97. 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:________?

A. Rs.750 ✔
B. Rs.700
C. Rs.820
D. Rs.940

98. 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?

A. $503
B. $504 ✔
C. $505
D. $506

99. 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?

A. 3.46% ✔
B. 4.5%
C. 5%
D. 6%

100. 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________?

A. Rs.2875 ✔
B. Rs.1885
C. Rs.2245
D. Rs.2615