Math MCQs here cover topics such as Interest MCQs. Types of interest include Simple Interest MCQs, Compound Interest MCQs, Interest Rate MCQs, Time Period MCQs, Comparative Interest MCQs, and Applications of Interest MCQs. Interest mcqs with answers pdf and mathematics mcqs for entry test with answers pdf.
How long will it take for a sum of money to grow from Rs.1250 to Rs.10,000, if it is invested at 12.5% p.a simple interest ?
A. 56 years
B. 57 years
C. 65 years
D. 45 years1250 has become Rs. 10,000. Therefore, the interest earned = 10,000 – 1250 = 8750. => n = 700 / 12.5 = 56 years.
You deposit $600 into a 6 month certificate of deposit. After 6 months the balance is $618. Find the simple annual interest rate ?
A. 2%
B. 3%
C. 5%
D. 6%Rs. 800 amounts to Rs. 920 in 3 years at simple interest. If the interest rate is increased by 3%, it would amount to how much?
A. Rs. 1056
B. Rs. 1182
C. Rs. 992
D. Rs. 1112New S.I = Rs(800 × 8 × 3 /100) = Rs 192. So, New amount = Rs. (800 + 192) = Rs 992.