Lakshya Education MCQs

Question:

  1. A sum of money becomes 4 times itself in 2 years at compound interest. The rate of interest is

Options:
A.50 %
B.75 %
C.100 %
D.none of these
Answer: Option C

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More Questions on This Topic :

Question 1.

  1. The compound interest on Rs 16000 at 20% p.a. for 9 months, compounded quarterly is

Options:
  1.    Rs 2225
  2.    Rs 2325
  3.    Rs 2522
  4.     none of these
Answer: Option C
Question 2.

  1. What is the amount payable after two years if Rs 10,000 is borrowed at the rate of interest of 5 paise per rupee per annum, compounded annually?

Options:
  1.    Rs 10025
  2.    11025
  3.    12025
  4.     none of these
Answer: Option B
Question 3.

  1. How much more would Rs 20,000 fetch, after two years, if it is put at 20% p.a. compound interest payable half yearly than if it is put at 20% p.a. compound interest payable yearly?

Options:
  1.    Rs 424
  2.    Rs 482
  3.    Rs 524
  4.    Rs 582
Answer: Option B
Question 4.

  1. An amount deposited on compound interest becomes Rs 5700 after three years and Rs 6000 after four years. After 5 years this amount will become

Options:
  1.    Rs 6316
  2.    Rs 6316
  3.    Rs 6132
  4.    none of these
Answer: Option B
Question 5.

  1. Every year an amount increases by th of itself. How much will it be after two years if its present value is Rs 64000?

Options:
  1.    Rs 80000
  2.    Rs 81000
  3.    Rs 82000
  4.    Rs 83000
Answer: Option B
Question 6.

  1. A sum of money lent at compound interest amounts to Rs 6050.00 in two years and to Rs 7320.50 in four years. The rate of interest is

Options:
  1.    5 %
  2.    10 %
  3.    15 %
  4.    20 %
Answer: Option B