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Maths quiz 30

Maths quiz 30

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Quiz Questions And Answers

What will Rs 1000 be worth after three years if it earns interest at the rate of 5% compounded annually?

Rs 1257
Rs 1157
Rs 1300

Zovo got a loan of Rs 8,000 against his fixed deposits to purchase a scooter. If the rate of interest is 10% p.a. compounded half yearly, find the amount that he pays after one and

Rs 9200
Rs 9350
Rs 9500

A sum of money doubles itself in 6 years at a certain rate of compound interest. In how many years will be 16 times at the same rate of interest?

30 years
24 years
12 years

A sum of money doubles itself at compound interest in 15 years In how many years will it become eight times?

40 years
45 years
50 years

If a sum of money at compound interest amounts to thrice itself in 3 years, then in how many years will it be 9 times itself?

6 years
15 years
9 years

A sum of money is borrowed and paid back in two annual installments of Rs 882 each allowing 5% compound interest. The sum borrowed was:

Rs 1640
Rs 1680
Rs 1700

Jack set up a factory by investing Rs 40,000. During the first three successive years, his profits were 5%, 10% and 15 % respectively. If each year the profit was on previous years

Rs 13,000
Rs 13,130
Rs 13,256

The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:

4
5
6

What annual payment will discharge a debt of Rs 1025 due in 2 years at the rate of 5% compound interest?

Rs 550
Rs 551.25
Rs 560

The simple interest on a sum of money for 3 years is Rs 240 and the compound interest on the sum at same rate for 2 years in Rs 170. The rate % p.a. is

8%
12½%
813%
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