Economics for Engineers (3140911) MCQs

MCQs of Cash Flow, Interest and Equivalence

Showing 41 to 50 out of 85 Questions
41.
What is the simple interest on a sum of Rs. 700 if the rate of interest for the first 3 years is 8% per annum and for the last 2 years is 7.5% per annum?
(a) Rs. 269.5
(b) Rs. 283
(c) Rs. 273
(d) Rs. 280
Answer:

Option (c)

42.
What is the compound interest on Rs. 1000 at the rate of 20% per annum for 18 month when interest is compounded half yearly?
(a) Rs. 331
(b) Rs. 1331
(c) Rs. 320
(d) Rs. 325
Answer:

Option (a)

43.
What is the principal if the interest compounded at the rate of 10% per annum for two years is Rs. 420?
(a) Rs. 1000
(b) Rs. 2200
(c) Rs. 2000
(d) Rs. 1100
Answer:

Option (c)

44.
In what time will Rs. 3300 becomes Rs. 3399 at 6% per annum interest compounded half-yearly?
(a) 6 months
(b) 1 year
(c) 1.5 year
(d) 3 months
Answer:

Option (a)

45.
A person purchased a car for Rs. 1,96,000 and the rate of depreciation is 14.28% per annum. What will be the value of the car after two years?
(a) Rs. 1,40,000
(b) Rs. 1,44,000
(c) Rs. 1,50,000
(d) Rs. 1,60,000
Answer:

Option (b)

46.
What is the rate of simple interest for the first 4 years if the sum of Rs. 360 becomes Rs. 540 in 9 years and the rate of interest for the last 5 years is 6%?
(a) 4%
(b) 5%
(c) 3%
(d) 6%
Answer:

Option (b)

47.
A person borrows Rs. 1500 from two moneylenders. He pays interest at the rate of 12% per annum for one loan and at the rate of 14% per annum for the other. The total interest he pays for the entire year is Rs. 186. How much does he borrow at the rate of 12%?
(a) Rs. 1200
(b) Rs. 1300
(c) Rs. 1400
(d) Rs. 300
Answer:

Option (a)

48.
What will be the simple interest on Rs. 700 at 9% per annum for the period from February 5, 1994 to April 18, 1994?
(a) Rs. 12.60
(b) Rs. 11.30
(c) Rs. 15
(d) Rs. 13
Answer:

Option (a)

49.
Relationship between annual nominal rate of interest and annual effective rate of interest, if frequency of compounding is greater than one
(a) Effective rate > Nominal rate
(b) Effective rate < Nominal rate
(c) Effective rate = Nominal rate
(d) None of above
Answer:

Option (a)

50.
In what time will the simple interest on Rs. 1750 at 9% per annum be the same as that on Rs. 2500 at 10.5% per annum in 4 years?
(a) 6 years and 8 months
(b) 7 years and 3 months
(c) 6 years
(d) 7 years and 6 months
Answer:

Option (a)

Showing 41 to 50 out of 85 Questions