Selected MCQ

Current Question
To get income Rs. 1200 from 12% stock at 90, investment needed is ____.
  • A. Rs. 10800
  • B. Rs. 10000
  • C. Rs. 14400
  • D. Rs. 16000
Correct Answer: B
Explanation:
Investment = income ×100/(rate × face value factor).
Related Question 1
Same stock problem repeated. Investment needed is ____.
  • A. Rs. 10000
  • B. Rs. 10800
  • C. Rs. 14400
  • D. Rs. 16000
Correct Answer: A
Explanation:
Direct calculation.
Related Question 2
To obtain income of Rs. 650 from 10% stock at Rs. 96, investment required is ____.
  • A. Rs. 3100
  • B. Rs. 6240
  • C. Rs. 6500
  • D. Rs. 9600
Correct Answer: B
Explanation:
Investment = (650×100×96)/10×100 = 6240.
Related Question 3
There is a 60% increase in a sum in 6 years at simple interest. What will be the compound interest on Rs. 12000 for 3 years at the same rate?
  • A. Rs. 2160
  • B. Rs. 3120
  • C. Rs. 3972
  • D. Rs. 6240
Correct Answer: C
Explanation:
Rate = 10%, CI = 12000[(1.1)³ − 1] = 3972.
Related Question 4
The simple interest on Rs. 12000 for 5 years is Rs. 7200. Find the compound interest for the same period and rate.
  • A. Rs. 3502.80
  • B. Rs. 3052.40
  • C. Rs. 3054.80
  • D. Rs. 3052.80
Correct Answer: D
Explanation:
Rate = 12%, apply the compound interest formula.
Related Question 5
The price of an article is reduced by 25%. To restore original price, the increase needed is ____.
  • A. 33 1/3 %
  • B. 9 1/11 %
  • C. 11 1/9 %
  • D. 66 2/3 %
Correct Answer: A
Explanation:
Same logic as above, increase must be 33 1/3%.