Secondary Mathematics Examination MCQs with solutions

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 REPORT
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 REPORT
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 REPORT
Correct Answer: C
Explanation

8 years

Correct Answered :

Wrong Answered :

4. The simple interest on a certain sum of money for 4 years at 4 percent per annum exceeds the compound interest on the same sum for 3 years at 5 percent per annum by Rs. 57. Find the sum.

A

26700

B

12500

C

23050

D

24000

Simple Interest / Compound Interest Secondary Mathematics REPORT
Correct Answer: D
Explanation

24000

Correct Answered :

Wrong Answered :

5. A man borrows Rs. 4,000 from a bank at 7 1 2 % interest. At the end of every year, he pays Rs. 1,500 as part repayment of loan and interest. How much does he still owe to the Bank after 3 such annual payments?

A

123.25

B

25

C

124.25

D

125

Simple Interest / Compound Interest Secondary Mathematics REPORT
Correct Answer: A
Explanation

123.25

Correct Answered :

Wrong Answered :

6. The value of mobile phone which was purchased 2 years ago depreciates at 12% p.a.. If its present value is Rs 9680, for how much was it purchased?

A

12000

B

11500

C

12500

D

10000

sim Secondary Mathematics REPORT
Correct Answer: C
Explanation

12500

Correct Answered :

Wrong Answered :

7. Find the compound interest on Rs. 8000 for 3 year at 5% per annum.

A

1261

B

1381

C

1451

D

1151

Simple Interest / Compound Interest Secondary Mathematics REPORT
Correct Answer: A
Explanation

1261

Correct Answered :

Wrong Answered :

8. S.I. on Rs. 1500 at 7% per annum for a certain time is Rs. 210. Find the time.

A

3 years

B

1.5 years

C

2 years

D

2.8 years

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

2 years

Correct Answered :

Wrong Answered :

9. The cost of a machine is estimated to be decreasing at the rate of 15% every year. If it costs Rs. 6,000 now, what will be the estimated value of the machine after 2 years?

A

4335

B

3225

C

3750

D

5000

Simple Interest / Compound Interest Secondary Mathematics REPORT
Correct Answer: A
Explanation

4335

Correct Answered :

Wrong Answered :

10. A sum was put at simple interest at a certain rate for 2 years. Had it been put at 3% higher rate, it would have fetched Rs. 72 more find the sum:

A

1500

B

1000

C

1200

D

1300

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

1200

Correct Answered :

Wrong Answered :

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