Sign in Start studying free

Asked in PPSC, FPSC and other one-paper exams (compiled from unofficial resources).

Financial MathematicsSimple and Compound Interest

Find the time when the Simple Interest is $81$, Principal is $450$, and Rate is $5\%$.

A.$2.8$ years
B.$4.2$ years
C.$3.6$ yearsCorrect answer
D.$5.0$ years

Timed quizzes, instant results, track your progress — free

Practice these MCQs in the app

Quick fact: The required time is $3.6$ years.

Related MCQs

A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest?
A sum of money doubles in 3 years at compound interest, compounded annually at the same rate. In how many years will it become 4 times itself?
If $\$1000$ is deposited in a savings account with a $2\%$ annual interest rate, what will be the total interest after $3$ years (simple interest)?
The price of a printer is Rs 150,000 and it depreciates at 4% annually. What is the price of the printer after 3 years?
The principal that will amount to Rs. $270.40$ in $2$ years at the rate of $4\%$ per annum compound interest is:
Ali deposits an amount of Rs. 65800 to obtain simple interest at the rate of 14% per annum for 4 years. What total amount will Ali get at the end of 4 years?
The value of an article which was purchased 2 years ago depreciates at 12% per annum. If its present value is Rs. 9680, the price at which it was purchased is?
What will be the compound interest on a sum of Rs. $1875$ after $2$ years if the rate of interest for the first year is $4\%$ and that for the second year is $8\%$?

Start studying free