Loading...

Problem Solving MCQ Set 7

problem solving Set 7 contains 6 of total 246 problem solving questions (MCQ) with answers. View the answer of each MCQ by clicking over the Show/Hide Answer or all answers at the bottom of the page. You can use these MCQs of problem solving as a practice for the real exam or entrytest. Interactive Test

MCQ: 37

Question: A father left a will of Rs.35 lakhs between his two daughters aged 8.5 and 16 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.35 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will?

  1. Rs. 17.5 lakhs
  2. Rs. 21 lakhs
  3. Rs. 15 lakhs
  4. Rs. 20 lakhs
v>

MCQ: 38

Question: What will Rs.1500 amount to in three years if it is invested in 20% p.a. compound interest, interest being compounded annually?

  1. 2400
  2. 2592
  3. 2678
  4. 2540

MCQ: 39

Question: If a sum of money grows to 144/121 times when invested for two years in a scheme where interest is compounded annually, how long will the same sum of money take to treble if invested at the same rate of interest in a scheme where interest is computed using simple interest method?

  1. 9 years
  2. 22 years
  3. 18 years
  4. 33 years

MCQ: 40

Question: The population of a town was 3600 three years back. It is 4800 right now. What will be the population three years down the line, if the rate of growth of population has been constant over the years and has been compounding annually?

  1. 6000
  2. 6400
  3. 7200
  4. 9600

MCQ: 41

Question: A man invests Rs.5000 for 3 years at 5% p.a. compound interest reckoned yearly. Income tax at the rate of 20% on the interest earned is deducted at the end of each year. Find the amount at the end of the third year.

  1. 5624.32
  2. 5630.50
  3. 5788.125
  4. 5627.20

MCQ: 42

Question: The difference between the compound interest and the simple interest on a certain sum at 12% p.a. for two years is Rs.90. What will be the value of the amount at the end of 3 years?

  1. 9000
  2. 6250
  3. 8530.80
  4. 8780.80

All MCQ Answers

Set 4Set 5Set 6Set 7Set 8Set 9Set 10

Video Lessons and 10 Fully Explained Grand Tests

Large number of solved practice MCQ with explanations. Video Lessons and 10 Fully explained Grand/Full Tests.

More for You
All in this Category

You may be interested in

Colleges in Peshawar

Find a comprehensive list of major ...

PAF College Sargodha

Admission detail for admission in P ...

Defence Authority Degree College - Karachi

A popular name in the colleges of K ...

Colleges in cities of Punjab

Comprehensive lists of colleges in ...

CSS and PMS Essays

A list of written essays for CSS an ...

Visa for study in Australia

How you can get Visa to study in Au ...

Recent Admission News List

A list of top 30 Recent Admission N ...

Study Abroad

How to go Abroad to study in a repu ...

CSS Exam

All about the preliminary requireme ...

PPSC - Assistant District Public Prosecutor Exam

Learn about the exam of PPSC - Assi ...

ISSB Projective Personality Tests

Learn all about ISSB Projective Per ...

ECAT Engineering Colleges Admissions Tests

Prepare ECAT with practice question ...

Universities in Punjab

A comprehensive list of universitie ...

Khyber Girls Medical College

Khyber Girls Medical College is pop ...

Universities in Bahawalpur

A list of major universities in Bah ...

BZU - Bahauddin Zakariya University

BZU is a big university in Multan ( ...