T&P 24th Feb 2024

What is the simple interest on a principal amount of $5000 at a rate of 8% per annum for

3 years?

• $1200

• $1300

• $1400

• $1500

What is the compound interest on $8000 at 10% per annum for 2 years, compounded

quarterly?

• $1816.65

• $1830.20

• $1845.50

• $1860.60

If 6 men can complete a piece of work in 10 days, how many days will 12 men take to

complete the same work?

• 6 days

• 8 days
• 3 days
• 15 days

What is the simple interest on a principal amount of $4000 at a rate of 6% per annum for

4 years?

• $240

• $600

• $960

• $1000

What is the compound interest on $6000 at 12% per annum for 2 years, compounded

half-yearly?

• $1454.40

• $1463.68

• $1472.96

• $1482.24

If 10 women can complete a piece of work in 15 days, how many days will 20 women

take to complete the same work?

• 4 days

• 5 days
• 10 days
• 20 days

What is the simple interest on a principal amount of $3000 at a rate of 7% per annum for

5 years?

• $1050

• $1100

• $1150

• $1200

What is the compound interest on $7000 at 8% per annum for 3 years, compounded

quarterly?

• $1500.00
• $2000.00
• $1597.28

• $1600.00

If 12 men can complete a piece of work in 8 days, how many days will 18 men take to

complete the same work?

• 4
• 10
• 12
• 6

What is the simple interest on a principal amount of $3500 at a rate of 9% per annum

for 3 years?

• The simple interest is $945.
• The simple interest is $1155

• The simple interest is $700.
• The simple interest is $315.