Selected MCQ

Current Question
A property decreases in value every year at the rate of 6.25%. If its value after 3 years is Rs. 21093, what was its value at the beginning?
  • A. Rs. 25600.24
  • B. Rs. 32000.50
  • C. Rs. 18060.36
  • D. Rs. 18600
Correct Answer: A
Explanation:
Initial value = Final / (0.9375 )³.
Related Question 1
Value of the plant depreciates 10% annually. Find the present value after 2 years, given the initial amount.
  • A. Rs. 8000
  • B. Rs. 10000
  • C. Rs. 18000
  • D. Rs. 8100
Correct Answer: D
Explanation:
Value = P(0.9)².
Related Question 2
Amount increases by 1/8 each year. Value after 2 years is ____.
  • A. Rs. 81000
  • B. Rs. 80000
  • C. Rs. 75000
  • D. Rs. 64000
Correct Answer: A
Explanation:
Compound growth.
Related Question 3
Khadija’s age after 1 year is twice her age 10 years ago. Find the present age.
  • A. 19
  • B. 20
  • C. 21
  • D. 22
Correct Answer: C
Explanation:
Solve Equation.
Related Question 4
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 5
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.