Anees Hussain Salman Ghaffar

IBA Math Revision Test for IBA 3

April 2021 - 20 Questions, 30 Minutes
Topics: Percentage & Interest Problems

1. If the length of a rectangle is increased by 20% and the width of the same rectangle is decreased by 20%, then
the area of the rectangle.
A) decreases by 20% B) decreases by 4% C) is unchanged
D) increases by 20% E) increases by 40%

2. A bag marked at a price of Rs.8,000 is sold for Rs.6,800. What is the rate of discount?
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A) 15% B) 12% C) 17 % D) 20% E) 24%
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3. What was the original (marked) price of a watch that sold for Rs.5,800 during a 20%-off sale?
A) Rs.8,000 B) Rs.7,500 C) Rs.7,250 D) Rs.6,800 E) Rs.6,500

4. What single discount is equivalent to two successive discounts of 10% and 15% on an item worth Rs.500?
A) 25% B) 24% C) 24.5% D) 23.5% E) 22%

5. A tennis team has won 40 games out of 60 played. It has 32 more games to play. How many of these must the
team win to make its record 75% for the season?
A) 26 B) 29 C) 28 D) 30 E) 32

6. If prices are reduced 25% and sales increase 20%, what is the net effect on total revenue?
A) Increases by 5% B) Decreases by 5% C) Remains the same
D) Increases by 10% E) Decreases by 10%

7. Miss Zeba earns a weekly commission of 5% on all sales up to Rs.60,000 and 8% on all sales over Rs.60,000.
What is her commission in a week in which her sales total Rs.80,000?
A) Rs.2,000 B) Rs.4,600 C) Rs.8,800 D) Rs.3,600 E) Rs.7,800

8. If the enrollment at a university was 3,000 in 2001 and 12,000 in 2021, what was the percentage increase in
enrollment?
A) 125% B) 25% C) 300% D) 400% E) 3%

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9. If 15 students, representing 16 % of the class, failed math, then how many students passed math?
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A) 15 B) 30 C) 45 D) 75 E) 90

10. If 95% of the residents of Bahria Town live in private homes and 40% of these live in air-conditioned homes,
what percent of the residents of Bahria Town live in private air-conditioned homes?
A) 3% B) 30% C) 3.8% D) 40% E) 38%

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Anees Hussain Salman Ghaffar

11. How much simple interest will be earned on an investment of $25,000 in 18 months at an annual rate of 6%?
A) $1,200 B) $1,800 C) $2,160 D) $2,250 E) $2,560

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12. Shahid finds that an increase in the rate of interest from 4 % to 6 % per annum increases his interest
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income by Rs.225. Calculate his principal amount.

A) Rs.10,000 B) Rs.12,000 C) Rs.15,000 D) Rs18,000 E) Rs.20,000

13. A man invests a sum of money for 5 years at 4% simple interest. If he gets Rs.18,960 after 5 years on
withdrawing the entire sum, calculate his principal amount.

A) Rs.12,800 B) Rs.13,000 C) Rs.14,200 D) Rs.14,400 E) 15,800

14. In Bank of Khyber, rate of compound interest on an investment of Rs.100,000 for the first year is 5% and for
the second year is 6%. Calculate the interest for the 2 years.

A) 11,300 B) 10,600 C) 11,000 D) 11,600 E) 12,300

15. A man invests an amount at 6% per annum compounded annually for 2 years. If the interest amount for the 2
years is Rs6,180 then what is the principal?

A) 45,000 B) 50,000 C) 52,000 D) 55,000 E) 60,000

16. If the simple interest on a certain sum for 8 months at 4% simple interest is Rs.129 less than the simple
interest on the same sum for 15 months at 5%, the sum is _________.

A) Rs.2,400 B) Rs.2,529` C) Rs.2,580 D) Rs3,000 E) Rs.3,600

17. Faizan lends a certain sum of money at 5% per annum and at the end of 1 year and 9 months, he receives for
interest and principal Rs.2827.50. Find the sum lent?
A) Rs.2,400 B) Rs.2,500 C) Rs.2,600 D) Rs.2,700 D) Rs2,800

18. Asif invested Rs.6,000 in an account that paid 20% per annum. What was the total amount after one year if
interest was compounded semi-annually?

A) 6440 B) 7260 C) 7440 D) 8260 E) 8200

19. An account pays 5% compound interest per annum. After 3 years the amount has grown to Rs.8600. What
will the amount grow to after the fourth year?
A) Rs9000 B) Rs8860 C) Rs9460 D) Rs860 E) Rs9030

20. Ali invested Rs.2,000 at 10% compound interest for 2 years. Akbar invested Rs.3,000 at 5% compound
interest for 2 years. What was the difference between the interest amount earned by both people?
A) 400 B) 307.50 C) 100 D) 112.50 E) 420

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Anees Hussain Salman Ghaffar

IBA Math Revision Test for IBA 3

April 2021 - 20 Questions, 30 Minutes
Topics: Percentage & Interest Problems

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