Multiple-choice Quiz
Q1: What annual installment will discharge a debt of Rs. 1092 due in 3 years at 12% simple interest?
345
325
320
Q2: A sum of Rs. 1550 is lent out into two parts, one at 8% and another one at 6%. If the total annual income is Rs. 106, find the money lent at each rate.
650 and 900
730 and 820
930 and 620
Q3: In what time will Rs. 1000 become Rs. 1331 at 10% per annum compounded annually?
4 years
3 years
2 years
Q4: The difference between the compound interest and simple interest on a certain sum at 10% per annum for 2 years is Rs. 631. Find the sum.
70000
63100
65300
Q5: Divide Rs. 1301 between A and B, so that the amount of A after 7 years is equal to the amount of B after 9 years, the interest being compounded at 4% per annu
676 and 625
732 and 569
900 and 401