MCQ Hive - Changing Pathways to Wisdom

Which Party got the majority in Bangladesh General Elections 2018 ?

A. Awami league
B. Gano forum
C. Jatiya oikya front
D. None of the above.

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Miss Evilla borrowed money from a bank. She receives from the bank P1,340.00 and promised to pay P1,500.00 at the end of 9 months. Determine the corresponding discount rate or often referred to as the “banker’s discount”?

A. 13.15 %
B. 13.32 %
C. 13.46 %
D. 13.73 %

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Recent General elections of Bangladesh were held on which date?

A. 26 december 2018
B. 30th december 2018
C. 1st january 2019
D. None of the above

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Mr. Jun Ramos was granted a loan of P20,000 by his employer Excel First Review and Training Center, Inc. with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P20,000 non-interest for 180 days. If discounted at once, find the proceeds of the note?

A. P18,000
B. P18,900
C. P19,000
D. P19,100

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A investor wishes to earn 7% on his capital after payment of taxes. If the income from an available investment will be taxed at an average rate of 42%, what minimum rate of return, before payment of taxes, must the investment offer to be justified ?

A. 12.07 %
B. 12.34 %
C. 12.67 %
D. 12.87 %

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A man invested P110,000 for 31 days. The net interest after deducting 20% withholding tax is P890.36. Find the rate of return annually?

A. 11.50 %
B. 11.75 %
C. 11.95 %
D. 12.32 %

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A college freshman borrowed P2,000 from a bank for his tuition fee and promised to pay the amount for one year. He received only the amount of P1,920 after the bank collected the advance interest of P80.00. What was the rate of discount ?

A. 3.67 %
B. 4.00 %
C. 4.15 %
D. 4.25 %

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Mr. Bacani borrowed money from the bank. He received from the bank P1,842 and promised to repay P2,000 at the end of 10 months. Determine the rate of simple interest?

A. 12.19 %
B. 12.03 %
C. 11.54 %
D. 10.29 %

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A loan of P5,000 is made for a period of 15 months, at a simple interest rate of 15%, what future amount is due at the end of the loan period ?

A. 5,937.50
B. 5,873.20
C. 5,712.40
D. 5,690.12

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Engr. Trinidad loans from a loan firm an amount of P100,000 with a rate of simple interest of 20% but the interest was deducted from the loan at the time the money was borrowed. If at the end of one year, she has to pay the full amount of P100,000, what is the actual rate of interest ?

A. 23.5 %
B. 24.7 %
C. 25.0 %
D. 25.8 %

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