Selected MCQ

Current Question
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 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
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 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
The principal that amounts to Rs. 4913 in 3 years at 6¼% per annum compound interest is ____.
  • A. Rs. 3096
  • B. Rs. 4076
  • C. Rs. 4085
  • D. Rs. 4096
Correct Answer: D
Explanation:
Using the compound interest formula, principal = 4913 / (1.0625 ) ) )³ = 4096.
Related Question 5
The present average age of a couple and their daughter is 35 years. After 15 years, what will their average age be?
  • A. 43 years
  • B. 40 years
  • C. 48 years
  • D. 45 years
Correct Answer: D
Explanation:
Each person ages by 15 years, so the average increases by 15.