Business Mathematics MCQs and Notes

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📊 Business Mathematics
Q. Akhil borrowed a certain sum of money at the rate of 6%, 9% and 14% for a period of first
two years, next three years and beyond the period of five years respectively. If at the end of nine
years, he paid Rs. 8550 as interest, then find the sum of money he had borrowed.
  • (A) rs. 9,000
  • (B) rs.14,000
  • (C) rs.15,000
  • (D) rs.18,000
💬 Discuss
✅ Correct Answer: (A) rs. 9,000
📊 Business Mathematics
Q. A sum of Rs. 4000 amounts to Rs. 4600 in 5 years at a certain rate of simple interest. What would be the amount, if the rate of interest is increased by 3 %.
  • (A) rs. 4900
  • (B) rs. 5000
  • (C) rs. 5200
  • (D) rs. 5600
💬 Discuss
✅ Correct Answer: (C) rs. 5200
📊 Business Mathematics
Q. Find the principal which yields a simple interest of Rs. 20 and compound interest of Rs. 21 in two years, at the same percent rate per annum?
  • (A) rs. 520
  • (B) rs. 480
  • (C) rs. 420
  • (D) rs. 200
💬 Discuss
✅ Correct Answer: (D) rs. 200
📊 Business Mathematics
Q. A man got Rs. 130 less, as simple interest, when he invested Rs. 2000 for 4 years as compared to investing Rs. 2250 for same duration. What is the rate of interest?
  • (A) 12%
  • (B) 13%
  • (C) 12.5%
  • (D) 10.50%
💬 Discuss
✅ Correct Answer: (B) 13%
📊 Business Mathematics
Q. 1/5 part of an amount was given at 3% simple interest, 1/3 part was given at 5% simple
interest, 2/5 parts at 9% simple interest and remaining part at 11% simple interest. The total
interest received was Rs.297. How much amount was originally given?
  • (A) 4500
  • (B) 5500
  • (C) 3950
  • (D) 4200
💬 Discuss
✅ Correct Answer: (A) 4500
📊 Business Mathematics
Q. Rs. 20400 was divided in two parts and then invested. One part invested at 6.25% for 8 years
yields the same interest as the other part invested at 7% for 5 years. What is the value of smaller
part?
  • (A) 9600
  • (B) 8400
  • (C) 10100
  • (D) 6500
💬 Discuss
✅ Correct Answer: (A) 9600
📊 Business Mathematics
Q. How much should be the annual installment to completely pay off a debt of Rs. 1078 in 6 years at 9% per annum rate of interest?
  • (A) rs.146.35
  • (B) rs.156.25
  • (C) rs.126.55
  • (D) rs.118.35
💬 Discuss
✅ Correct Answer: (A) rs.146.35
📊 Business Mathematics
Q. A TV can be bought for Rs. 20000 cash or by paying in four equal monthly installments with
an initial down payment of Rs. 4000. If the rate of interest for this facility is 8% per annum, then
what would be the installment charged for each month?
  • (A) rs. 4000
  • (B) rs. 4106.67
  • (C) rs. 4050.33
  • (D) rs. 4066.01
💬 Discuss
✅ Correct Answer: (D) rs. 4066.01
📊 Business Mathematics
Q. In 40 years an amount becomes 6 times the original amount. What is the rate of interest?
  • (A) 12.5%
  • (B) 24%
  • (C) 6.67%
  • (D) 34%
💬 Discuss
✅ Correct Answer: (A) 12.5%
📊 Business Mathematics
Q. An amount becomes 7 times in 15 years. In how many years will the same amount become 10 times? The rate of interest remains the same for both cases.
  • (A) 20 years
  • (B) 18.75 years
  • (C) 22.50 years
  • (D) 21.50 years
💬 Discuss
✅ Correct Answer: (C) 22.50 years

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