interest Mcqs MCQs | StudySprintX

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

interest Mcqs · Easy · 3 weeks ago

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

interest Mcqs · Easy · 3 weeks ago

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%

interest Mcqs · Easy · 3 weeks ago

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

interest Mcqs · Easy · 3 weeks ago

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

interest Mcqs · Easy · 3 weeks ago

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

A. Rs.8

B. Rs.6

C. Rs.4

D. Rs.9

interest Mcqs · Easy · 3 weeks ago

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

interest Mcqs · Easy · 3 weeks ago

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

interest Mcqs · Easy · 3 weeks ago