Mathematics MCQs

Simple Interest / Compound Interest Questions with solutions MCQs

1. A sum of money doubles itself at compound interest in 15 years. It will become 8 times in

A

60 years

B

45 years

C

40 years

D

30 years

Simple Interest / Compound Interest Secondary Mathematics
Correct Answer : B
Explanation :

45

Correct Answered :

Wrong Answered :

2. What sum of money lent out at compound interest will amount to Rs. 968 in 2 years at 10% per annum, interest being charged annually?

A

900

B

800

C

825

D

780

Simple Interest / Compound Interest Secondary Mathematics
Correct Answer : B
Explanation :

800

Correct Answered :

Wrong Answered :

3. A sum of Rs. 1600 lent at simple interest at 12.5% per annum will become double in

A

7.5 years

B

6 years

C

8 years

D

9 1/4years

Simple Interest / Compound Interest Secondary Mathematics
Correct Answer : C
Explanation :

8 years

Correct Answered :

Wrong Answered :

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