MCQOPTIONS
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MCQOPTIONS
This section includes 10 Mcqs, each offering curated multiple-choice questions to sharpen your Technical MCQs knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
A financier claims to be lending money at simple interest, But he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes. |
| A. | 0.1 |
| B. | 0.105 |
| C. | 0.1075 |
| D. | 0.1025 |
| E. | |
| Answer» E. | |
| 2. |
At what rate percent per annum will the simple interest on a sum of money be 2/5 of the amount in10 years |
| A. | 0.01 |
| B. | 0.02 |
| C. | 0.03 |
| D. | 0.04 |
| Answer» E. | |
| 3. |
A sum of money at simple interest amounts to Rs. 2240 in 2 years and to Rs. 2600 in 5 years. What isthe principal amount? |
| A. | 1800 |
| B. | 1900 |
| C. | 2000 |
| D. | 2100 |
| Answer» D. 2100 | |
| 4. |
If a sum of money doubles itself in 8 years at simple interest, the ratepercent per annum is |
| A. | 0.12 |
| B. | 0.125 |
| C. | 0.14 |
| D. | 0.105 |
| Answer» C. 0.14 | |
| 5. |
Find the rate at Simple interest, at which a sum becomes four times of itself in 15 years |
| A. | 0.2 |
| B. | 0.18 |
| C. | 0.22 |
| D. | 0.24 |
| Answer» B. 0.18 | |
| 6. |
Sahil took a loan for 6 years at the rate of 5% per annum on Simple Interest, If the total interest paidwas Rs. 1230, the principal was: |
| A. | 3600 |
| B. | 4500 |
| C. | 3900 |
| D. | 4100 |
| Answer» E. | |
| 7. |
If A lends Rs. 3500 to B at 10% p.a. and B lends the same sum to C at 11.5% p.a., then the gain of B (inRs.) in a period of 3 years is: |
| A. | 3000 |
| B. | 3100 |
| C. | 3200 |
| D. | 3300 |
| Answer» C. 3200 | |
| 8. |
Sachin borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends money to Rahulat 25/4% p.a. for 2 years. Find the gain of one year by Sachin. |
| A. | 105.5 |
| B. | 125.75 |
| C. | 112.5 |
| D. | 118.6 |
| Answer» D. 118.6 | |
| 9. |
Find the simple interest on the Rs. 2000 at 25/4% per annum for the period from 4th Feb 2005 to 18thApril 2005? |
| A. | 25 |
| B. | 20 |
| C. | 30 |
| D. | 15 |
| Answer» B. 20 | |
| 10. |
Find the simple interest on Rs 7000 at 50/3 % for 9 months? |
| A. | 1075 |
| B. | 975 |
| C. | 875 |
| D. | 775 |
| Answer» D. 775 | |