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MCQS
Q1. At what rate of interest compounded annually will 625 amount to 784 in 2 years?
(a) 12%
(b) 10%
(c) 15%
(d) 11%
Q2. A man invested for 3 years compounded at 5%, 10% and 20% respectively. In 3 years the sum amounts
to 16,632, then find the sum.
(a) 10000
(b) 11000
(c) 12000
(d) 12500
Q3. A certain sum at compound interest amounts to 3 12,960 in 2 years and 113,176 in 3 years. Find the
rate percent per annum.
(a) 1=%
(b) 12%
(c) 13
(c) 1=%
(d) 1 -%
5
Q4. The compound interest on a certain sum for 2 years at 10% p.a is 525. What is the simple interest on
the same sum for double the time at half the rate percent per annum?
(a) 500
(b) * 550
(c)* 700
(d) * 600
Q5. What rate of compound interest per annum will a sum of 1,200 become 1348.32?
(a) 5%
(b) 4%
(C) 7%
(d) 6%
Q6. Seema purchased a washing machine for 10,000 at credit at 10% for 2 years. What amount she has
to pay after 2 years if the interest is compounded annually?
(a) 11000
(b) 12100
(c) 11100
(d) 12000
Q7. What will be the difference between simple interest and compound interest at 10% p.a on a sum of
1000 after 4 years?
(a) 60.15
(b) 62.30
(c) 64.10
(d) 66.05
Answers
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Answer:
a
B
A
A
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