MCQOPTIONS
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MCQOPTIONS
This section includes 409 Mcqs, each offering curated multiple-choice questions to sharpen your Arithmetic Ability knowledge and support exam preparation. Choose a topic below to get started.
| 401. |
A certain sum of money amounts to Rs 918 in 2 years and Rs 969 in 3.5 years at simple interest. What is the rate of interest (in %)?_x005F_x000D_ |
| A. | 4 |
| B. | 5 |
| C. | 6 |
| D. | 8 |
| Answer» B. 5 | |
| 402. |
A certain sum of money amounts to Rs 1008 in 2 years and to Rs 1164 in 3 ½ years. Find the sum and the rate of interest. |
| A. | 800, 14% |
| B. | 800, 13% |
| C. | 800, 12% |
| D. | 800, 19% |
| Answer» C. 800, 12% | |
| 403. |
A certain principal is invested in a scheme of compound interest. The amount obtained after 1 year is Rs 2400 and the amount obtained after 2 years is Rs 2880. What is the rate of interest (in percentage)? |
| A. | 20 |
| B. | 15 |
| C. | 25 |
| D. | 10 |
| Answer» B. 15 | |
| 404. |
A certain sum is invested at simple interest at 18% p.a. for two years instead of investing at 12% p.a. for the same time period. Therefore the interest received is more by Rs. 840. Find the sum  ? |
| A. | Rs. 5858 |
| B. | Rs. 8800 |
| C. | Rs. 7000 |
| D. | Rs. 6350 |
| Answer» D. Rs. 6350 | |
| 405. |
A certain bank offers 8% rate of interest on the 1st year and 9% on the 2nd year in a certain fixed deposit scheme. If Rs 17,658 are received after investing for 2 years in this scheme, then what was the amount (in Rs) invested? |
| A. | 16000 |
| B. | 15000 |
| C. | 15500 |
| D. | 16500 |
| Answer» C. 15500 | |
| 406. |
A certain amount earns simple interest of Rs. 2260 after 3 years. Had the interest been 1 % more how much more interest would it have earned ? |
| A. | Rs. 175 |
| B. | Rs. 220.75 |
| C. | Rs. 126 |
| D. | Can't be determined |
| Answer» E. | |
| 407. |
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 instalments. Interest is charged at 12% p.a. What is the monthly instalment? |
| A. | 503 |
| B. | 504 |
| C. | 505 |
| D. | 5.06 |
| Answer» C. 505 | |
| 408. |
A bank offers 9% p.a. simple interest on an investment. At the end of 4 years the interest earned was $215. How much was invested? |
| A. | 597.22 |
| B. | 345 |
| C. | 456 |
| D. | 378 |
| Answer» B. 345 | |
| 409. |
A bank offers 20% compound interest per half year. A customer deposits Rs 7600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained from interest is |
| A. | Rs 9727 |
| B. | Rs 2432 |
| C. | Rs 4864 |
| D. | Rs 1216 |
| Answer» D. Rs 1216 | |