Diploma Applied Mathematics MCQs With Answers

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Q.1: Find the compound interest accrued on an amount of Rs.14,800 at 13.5% p.a at the end of two years. (Round off your answer to nearest integer)

  1. Rs.4273
  2. Rs.4613
  3. Rs.4064
  4. Rs.4266
  5. None of these

D

Q.2: The compound interest earned by Sunil on a certain amount at the end of two years at the rate of 8% p.a. was Rs.2828.80. Find the total amount that Sunil got back at the end of two years in the form of principal plus interest earned.

  1. Rs.18,828.80
  2. Rs.19,828.80
  3. Rs.18,028.80
  4. Rs.17,828.80
  5. None of these

B

Q.3: What amount does Kiran get if he invests Rs.8000 at 10% p.a. compound interest for two years, compounding done annually?

  1. Rs.9630
  2. Rs.9680
  3. Rs.9610
  4. Rs.9650
  5. None of these

E

Q.4: Find the amount on Rs.5000 in 2 years, the rate of interest being 4% per first year and 5% for the second year?

  1. Rs.460
  2. Rs.5640
  3. Rs.5460
  4. Rs.5604

C

Q.5: The population of a city increases at the rate of 4% p.a. but there is an additional annual increase of 1% in the population due to some job seekers. The percentage increase in the population after 2 years is———?

  1. 10
  2. 11
  3. 10.25
  4. 10.15

C

Q.6: A sum amount to Rs.1344 in two years at simple interest. What will be the compound interest on the same sum at the same rate of interest for the same period?

  1. Rs.150
  2. Rs.140
  3. Rs.130
  4. Data insufficient for the answer

D

Q.7: A money lender lends Rs.2000 for six months at 20% p.a. rate. It the interest is reckoned quarterly than find the amount given after time limit.

  1. Rs.2205
  2. Rs.2200
  3. Rs.2160
  4. Rs.2040

A

Q.8: How much more would Rs.20000 fetch, after two years, if it is put at 20% p.a. compound interest payable half yearly than if is put at 20% p.a. compound interest payable yearly?

  1. Rs.482
  2. Rs.424
  3. Rs.842
  4. Rs.512

A

Q.9: In one year, the population, of a village increased by 10% and in the next year, it decreased by 10%. If at the end of 2nd year, the population was 7920, what was it in the beginning?

  1. 8500
  2. 8000
  3. 8100
  4. 8400

B

Q.10: Sehar gave Shazia Rs.1250 on compound interest for 2 years at 4% per annum. How much loss would Sehar has suffered had she given it to Shazia for 2 years at 4% per annum simple interest?

  1. Rs.10
  2. Rs.2
  3. Rs.5
  4. Rs.3

B