Mathematics Practice Test – Percentages, Profit and Loss, Simple Interest (Questions with Answers and Explanations)

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Mathematics Practice Test – Logarithms (Questions with Answers and Explanations)

Hello and Welcome to Mathematics Practice Test - Percentages, Profit and Loss, Simple Interest

  1. You are to attempt 5 random objectives questions ONLY.
  2. Supply Your Full Name and Location in the text box below and begin immediately.
  3. You can attempt as many times as possible
1. 


A man bought 220 mangoes at N 5x. He sold each for 3x kobo and made a gain of N 8. Find the value of x. (WASSCE 2005)

A. 2    B. 5     C. 6     D. 10

2. 


Find the simple interest on N 225 in 5 years at 10%. (JAMB 2017)

A. N 108.00    B. N 224.00    C. N 112.50    D. N 167.60

3. 


Calculate the simple interest on N 6500 for 4 years at 6%. (JAMB 2018)

A. N 1200    B. N 1560    C. N 2400    D. N 2200

4. 


How many years will N 12,000.00 saved in a bank amount to N 12,960.00 at 2% per annum simple interest? (NECO 2024)

A. 6     B. 5     C. 4     D. 3

5. 


A woman bought a grinder for N 60,000. She sold it at a loss of 15%. How much did she sell it? (JAMB 2014)

A. N 53,000     B. N 52,000     C. N 51,000     D. N 50,000

 

 

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