54 + Mcqs in CI Level 1 Page 1 McqOptions

1.	The compound interest on Rs. 10,000 in 2 years at 4% per annum, the interest being compounded yearly, is
A.	Rs. 636.80
B.	Rs. 816
C.	Rs. 912
D.	Rs. 828.82
E.	None of these
Answer» C. Rs. 912

Discussion

2.	What is be the compound interest (in Rs.) accrued on an amount of Rs. 15000 at the rate of 20 per cent annum in two years, if the interest is compounded half-yearly?
A.	6196.5
B.	6916.5
C.	4641.5
D.	6961.5
E.	None of these
Answer» E. None of these

Discussion

3.	If the compound interest accrued on an amount of Rs. 15,000 in two years is Rs. 2,496, what is the rate of interest p.c.p.a.?
A.	8%
B.	10%
C.	6%
D.	Can't be determined
E.	None of these
Answer» B. 10%

Discussion

4.	Irfan borrows a sum of Rs. 64000 at 5% pa compound interest. He repays a certain amount at the end of one year and the balance amount of Rs. 35700 at the end of the second year. What amount does he repay in the first year?
A.	Rs. 34000
B.	Rs. 37200
C.	Rs. 36400
D.	Rs. 35700
E.	Rs. 33200
Answer» F.

Discussion

5.	Akanskha invests Rs. x in insurance which gives her returns at 21% annually and Rs. y in mutual funds which gives her returns of 10% compounded half yearly. If Akanskha gets the same returns from both the investments after 1 year, then what is the square root of the ratio of x to y?
A.	1 : 2
B.	11 : 21
C.	21 : 22
D.	21 : 25
E.	None of these
Answer» D. 21 : 25

Discussion

6.	If Rs. 1000 amounts to Rs. 1166.40 in two years compounded annually, Find the rate of interest per annum.
A.	2% p.a
B.	4% p.a
C.	6% p.a
D.	8% p.a
Answer» E.

Discussion

7.	If the simple interest on a sum of money at 5% per annum for 2 years is Rs. 1400, find the compound interest on the same sum for the same period at the same rate.
A.	Rs. 1023
B.	Rs. 1435
C.	Rs. 3232
D.	Rs. 1255
Answer» C. Rs. 3232

Discussion

8.	Find the compound interest on Rs. 10,000 at 20% per annum for 6 months. compounded quarterly.
A.	Rs.4353
B.	Rs. 1329
C.	Rs. 1025
D.	Rs. 2649
Answer» D. Rs. 2649

Discussion

9.	Find the compound interest on Rs. 7500 in 2 years at 6% per annum, the interest being compounded half-yearly.
A.	Rs. 941.31
B.	Rs. 834.44
C.	Rs.746.21
D.	Rs. 764
Answer» B. Rs. 834.44

Discussion

10.	Find compound interest on Rs. 7000 at 21% per annum for 2 years 4 months, compounded annually.
A.	Rs. 3824.9
B.	Rs. 3966.1
C.	Rs. 4094.4
D.	Rs. 11109
Answer» C. Rs. 4094.4

Discussion

11.	Akash borrowed Rs. 72,000 from a bank to purchase one bike. If the rate of interest be 10% per annum compounded annually, what payment he will have to make after 2 years 4 months?
A.	75,752
B.	86,350
C.	85,040
D.	90,024
Answer» E.

Discussion

12.	Amit borrowed Rs. 20,000 from his friend at 15% per annum simple interest he lent it to Tarun at the same but rate compounded annually. Find his gain after 2 years.
A.	324
B.	604
C.	450
D.	572
Answer» D. 572

Discussion

13.	In a factory the production of cement rose 4840 tonnes from 4000 tonnes in two years. Find the rate of growth per annum.
A.	10
B.	12
C.	8
D.	9
Answer» B. 12

Discussion

14.	What annual payment will discharge a debt of Rs. 7620 due in 3 years at 50/3%per annum compoundinterest?
A.	Rs. 3430
B.	Rs. 4334
C.	Rs. 6465
D.	Rs. 4544
Answer» B. Rs. 4334

Discussion

15.	A sum of money doubles itself at compound interest in 5 years. In how many years will it become eight times?
A.	20 years
B.	25 years
C.	30 years
D.	15 years
Answer» E.

Discussion

16.	The difference between C.I. and S.I. on a sum of money lent for 2 years at 10% is Rs. 40. The sum is:
A.	2,000
B.	3,500
C.	3,700
D.	4,000
Answer» E.

Discussion

17.	Loan of 10,000 was lent to a person at for 3 years 10% for 1st year, 15% for rest 2 years. Find the amount?
A.	14537.5
B.	14547.5
C.	14647.5
D.	14537.8
Answer» C. 14647.5

Discussion

18.	A has lent some money to B at 6% p.a. and C at 10% at the end of the year he has gain the over all interest at 8% p.a. in what ratio has he lent the money to A and B?
A.	1 : 2
B.	2 : 1
C.	1 : 1
D.	2 : 3
Answer» D. 2 : 3

Discussion

19.	C.I. Rs. 5000 for 3 years at 8% for 1styear and 10% for 2ndyear and 12% for 3rdyear will be-
A.	1325.6
B.	1652.8
C.	1734.9
D.	1263.8
Answer» C. 1734.9

Discussion

20.	Sanjay purchased a hotel worth rupees 10 lakhs and Anita purchased a car worth Rs. 16 lakh. The value of hotel every year increase by 20% of the previous value and the value of car every depreciates by 25%. What is the difference between the price of hotel and car after 3 years?
A.	10,53,000
B.	10,63,000
C.	11,53,000
D.	10,43,000
Answer» B. 10,63,000

Discussion

21.	The certain sum will amount to Rs 12,100 in 2 years at 10% per annum of compound interest, interest being compounded annually. The sum is
A.	Rs. 10,000
B.	Rs. 8,000
C.	Rs. 6,000
D.	Rs. 12,000
Answer» B. Rs. 8,000

Discussion

22.	An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest at the rate of 10%, the effective rate interest becomes
A.	10.25%
B.	10.5%
C.	10.75%
D.	11%
Answer» B. 10.5%

Discussion

23.	There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest on Rs. 12000 after 3 years at the same rate of interest?
A.	Rs. 2160
B.	Rs. 3120
C.	Rs. 3972
D.	Rs. 6240
Answer» D. Rs. 6240

Discussion

24.	What would be the compound interest obtained on an amount of Rs. 4,800 at the rate of 5 p.c.p.a after 3 years?
A.	Rs 623.5
B.	Rs 756.5
C.	Rs 817.8
D.	Rs 448.7
Answer» C. Rs 817.8

Discussion

25.	What will be the compound interest on a sum of ₹ 9000 at compound interest compounded annually at 8% per annum in two years ?
A.	₹ 1498.76
B.	₹ 1497.6
C.	₹ 1597.6
D.	₹ 1480.60
E.	None of these
Answer» C. ₹ 1597.6

Discussion

26.	The difference between simple interest and compound interest on a certain sum of money for 2 years at 5% per annum is ₹ 100. Find the sum.
A.	₹ 42000
B.	₹ 45000
C.	₹ 41500
D.	₹ 40000
E.	None of these
Answer» E. None of these

Discussion

27.	Sachin had ₹ 23,000. He invested some amount in scheme A at SI at 20% and the remaining amount in scheme B at CI at 10%. If Sahil got the same amount from both of them at the end of one year, how much (in ₹) did he invest in scheme B ?
A.	10000
B.	11000
C.	11500
D.	12000
E.	13000
Answer» E. 13000

Discussion

28.	What is the CI accrued on an amount of Rs. 12000 at the rate of 9% per annum at the end of 2 years?
A.	₹ 2545
B.	₹ 2257.20
C.	₹ 2986
D.	₹ 2775.40
E.	None of these
Answer» C. ₹ 2986

Discussion

29.	The SI on a certain sum of money for 3 yr at 8% pa is half the CI on Rs. 8000 for 2 yr at 10% pa. Find the sum placed on simple interest?
A.	Rs. 3500
B.	Rs. 3800
C.	Rs. 4000
D.	Rs. 3600
E.	None of these
Answer» B. Rs. 3800

Discussion

30.	Find the compound interest on ₹ 12000 for 2 years, the rate of interest being 3% per annum.
A.	₹ 840.8
B.	₹ 935.7
C.	₹ 1035.6
D.	₹ 730.8
E.	₹ 473.5
Answer» E. ₹ 473.5

Discussion

31.	An amount of ₹ 110000 is invested at compound interest payable annually. If the rate of interest is 11% pa, what will be the total interest after two years ?
A.	₹ 23481
B.	₹ 25531
C.	₹ 24200
D.	₹ 26416
E.	None of these
Answer» C. ₹ 24200

Discussion

32.	Lata had ₹ 40000. She invested some amount in scheme A at CI at 15% and the remaining amount in scheme B at SI at 10%. If she got the same interest from both the investments at the end of one year. How much in ₹ did she invest in scheme B?
A.	₹ 34000
B.	₹ 24000
C.	₹ 16000
D.	₹ 18000
E.	₹ 20000
Answer» C. ₹ 16000

Discussion

33.	A sum of ₹ 198 deposited at CI doubles itself after 4 years. After 20 years it will become
A.	₹ 6336
B.	₹ 5894
C.	₹ 9250
D.	₹ 7932
E.	None of these
Answer» B. ₹ 5894

Discussion

34.	₹ 6100 was partly invested in Scheme A at 10% pa compound interest (compounded annually) for 2 years and partly in Scheme B at 10% pa simple interest for 4 years. Both the schemes earn equal interests. How much was invested in Scheme A ?
A.	₹ 3750
B.	₹ 4500
C.	₹ 4000
D.	₹ 3250
E.	₹ 5000
Answer» D. ₹ 3250

Discussion

35.	The simple interest accrued on an amount of Rs. 18,500 at the end of three years is Rs. 7770. What would be the compound interest accrued on the same amount at the same rate in the same period?
A.	Rs. 8908.56
B.	Rs. 8218.27
C.	Rs. 7754.82
D.	Rs. 9537.47
E.	None of these
Answer» B. Rs. 8218.27

Discussion

36.	A lent an amount of Rs. 1100 to B. This is to be paid back to A in two instalments. If the rate of interest, which A charges to B, be 20% compounded annually, then what is the value of each instalment ?
A.	Rs. 730
B.	Rs. 780
C.	Rs. 750
D.	Rs. 720
E.	None of these
Answer» E. None of these

Discussion

37.	A person closes his account in an investment scheme by withdrawing Rs 10000. One year ago, he had withdrawn Rs 6000. Two years ago he had withdrawn Rs 5000. Three years ago he had not withdrawn any money. How much money had he deposited approximately at the time of opening the account 4 years ago, if the annual rate of compound interest is 10%.
A.	Rs. 15470
B.	Rs. 16680
C.	Rs. 14250
D.	Rs. 15200
E.	None of these
Answer» B. Rs. 16680

Discussion

38.	Mr. Bede wins Rs. 120000 on Kaun Banega Crorepati. He has to pay 25% as gift tax to the government. He places remaining money in fixed deposit 10% compounded annually. However, he has to pay 20% tax on the interest. How much money does Mr. Bede has after 4 years?
A.	Rs. 122444
B.	Rs. 112880
C.	Rs. 116440
D.	Rs. 118660
E.	None of these
Answer» B. Rs. 112880

Discussion

39.	Pankaj borrowed a total amount of Rs.32500 For 1 year from his three friends Raj, Akash and Suresh. All of his friends apply different rates of interest in such a way that Raj applies 12%, Akash applies 16% and Suresh applies 18% interest rate respectively and total he gives Rs.5090 as interest. If the amount that Pankaj had taken from Raj is 18/25 of the amount taken from Suresh, then find that what amount Pankaj has taken from Akash?
A.	Rs. 13000
B.	Rs. 12000
C.	Rs. 11000
D.	Rs. 10000
E.	None of these
Answer» D. Rs. 10000

Discussion

40.	The compound interest on Rs 7500 in 2 years when the successive rate of interest on successive years is 8% and 10% respectively:
A.	Rs 1410
B.	Rs 7510
C.	Rs 1497
D.	Rs 1401
E.	None of these
Answer» B. Rs 7510

Discussion

41.	Anjana lent Rs. 7000 to Sunil for 3 years and Rs. 5000 to Saurabh for 5 years on simple interest at the same rate of interest and she received Rs. 5520 from both of them as interest. Find the rate of interest.
A.	10%
B.	21%
C.	12%
D.	15%
E.	None of these
Answer» D. 15%

Discussion

42.	A sum of Rs.8584 is to be paid back in 3 equal annual installments. How much is each installment if the interest is compounded annually at 14% per annum?
A.	Rs. 3700
B.	Rs. 5400
C.	Rs. 4500
D.	Rs. 5500
E.	None of these
Answer» B. Rs. 5400

Discussion

43.	Shivani has some amount of money ans she invested the money in two schemes A and B in the ratio of 2 : 5 for 2 years, scheme A offers 30% pa compound interest and scheme B offers 15% pa Simple interest. Difference between the interest earned from both the schemes is Rs.1080. How much was invested in scheme B?
A.	Rs. 45000
B.	Rs. 36000
C.	Rs. 40000
D.	Rs. 50000
E.	None of these
Answer» B. Rs. 36000

Discussion

44.	Reet invested an amount of Rs A for 2 years at 12% compound interest and received some amount of interest. Sonali invested Rs (A + 1500) for 3 years at 8% simple interest and received same amount of interest as Reet received. Find the amount that is invested by Reet.
A.	Rs 20000
B.	Rs 25000
C.	Rs 30000
D.	Rs 27500
E.	Rs 22500
Answer» C. Rs 30000

Discussion

45.	A sum of Rs. 9960 was borrowed at 15/2% per annum compound interest and paid back in two years in two equal annual installments. What was the amount of each installment?
A.	Rs. 5,345
B.	Rs. 5547
C.	Rs. 5847
D.	Rs. 5397
E.	None of these
Answer» C. Rs. 5847

Discussion

46.	Aditya and Bhushan invested 10000 each in scheme A and scheme B respectively for 3 years. Scheme A offers Simple interest 12% per annum and scheme B offers compound interest 10%. After 3 years, who will have larger amount and by how much?
A.	Aditya, 280
B.	Bhushan, 280
C.	Adiya, 290
D.	Bhushan, 290
E.	None of these
Answer» D. Bhushan, 290

Discussion

47.	A man gave 50% of his savings of Rs 67,280 to his wife and divided the remaining sum between his two sons A and B of 14 and 12 years of age respectively. He divided it in such a way that each of his sons, when they attain the age of 18 years, would receive the same amount at 5% compound interest per annum. The share of B was
A.	16500
B.	15000
C.	15020
D.	16000
E.	None of these
Answer» E. None of these

Discussion

48.	A certain amount of money is lent out at compound interest at the rate of 20% per annum for two years, compounded annually. It would give Rs. 482 more if the amount is compounded half yearly. Find the principle.
A.	Rs. 30000
B.	Rs. 10000
C.	Rs. 15000
D.	Rs. 25000
E.	None of these
Answer» F.

Discussion

49.	Shantanu borrowed Rs. 2.5 lakh from a bank to purchase one car. If the rate of interest be 6% per annum compounded annually, what payment (approximately) will he have to make after 2 years 6 months?
A.	Rs. 1,89,325
B.	Rs. 1,86,325
C.	Rs. 3,89,325
D.	Rs. 2,89,325
E.	Rs. 2,26,580
Answer» E. Rs. 2,26,580

Discussion

50.	A man takes a loan of Rs 216000 from a bank, to be returned in three years at a rate of 16.67% p.a. compound interest. The man returns Rs 84000 and Rs 58000 after first and second year. How much money will he have to return after third year to settle the loan?
A.	Rs. 161000
B.	Rs. 138000
C.	Rs. 152000
D.	Rs. 175000
E.	None of these
Answer» B. Rs. 138000

Discussion

Explore topic-wise MCQs in Arithmetic.

The compound interest on Rs. 10,000 in 2 years at 4% per annum, the interest being compounded yearly, is

What is be the compound interest (in Rs.) accrued on an amount of Rs. 15000 at the rate of 20 per cent annum in two years, if the interest is compounded half-yearly?

If the compound interest accrued on an amount of Rs. 15,000 in two years is Rs. 2,496, what is the rate of interest p.c.p.a.?

Irfan borrows a sum of Rs. 64000 at 5% pa compound interest. He repays a certain amount at the end of one year and the balance amount of Rs. 35700 at the end of the second year. What amount does he repay in the first year?

Akanskha invests Rs. x in insurance which gives her returns at 21% annually and Rs. y in mutual funds which gives her returns of 10% compounded half yearly. If Akanskha gets the same returns from both the investments after 1 year, then what is the square root of the ratio of x to y?

If Rs. 1000 amounts to Rs. 1166.40 in two years compounded annually, Find the rate of interest per annum.

If the simple interest on a sum of money at 5% per annum for 2 years is Rs. 1400, find the compound interest on the same sum for the same period at the same rate.

Find the compound interest on Rs. 10,000 at 20% per annum for 6 months. compounded quarterly.

Find the compound interest on Rs. 7500 in 2 years at 6% per annum, the interest being compounded half-yearly.

Find compound interest on Rs. 7000 at 21% per annum for 2 years 4 months, compounded annually.

Akash borrowed Rs. 72,000 from a bank to purchase one bike. If the rate of interest be 10% per annum compounded annually, what payment he will have to make after 2 years 4 months?

Amit borrowed Rs. 20,000 from his friend at 15% per annum simple interest he lent it to Tarun at the same but rate compounded annually. Find his gain after 2 years.

In a factory the production of cement rose 4840 tonnes from 4000 tonnes in two years. Find the rate of growth per annum.

What annual payment will discharge a debt of Rs. 7620 due in 3 years at 50/3%per annum compoundinterest?

A sum of money doubles itself at compound interest in 5 years. In how many years will it become eight times?

The difference between C.I. and S.I. on a sum of money lent for 2 years at 10% is Rs. 40. The sum is:

Loan of 10,000 was lent to a person at for 3 years 10% for 1st year, 15% for rest 2 years. Find the amount?

A has lent some money to B at 6% p.a. and C at 10% at the end of the year he has gain the over all interest at 8% p.a. in what ratio has he lent the money to A and B?

C.I. Rs. 5000 for 3 years at 8% for 1styear and 10% for 2ndyear and 12% for 3rdyear will be-

Sanjay purchased a hotel worth rupees 10 lakhs and Anita purchased a car worth Rs. 16 lakh. The value of hotel every year increase by 20% of the previous value and the value of car every depreciates by 25%. What is the difference between the price of hotel and car after 3 years?

The certain sum will amount to Rs 12,100 in 2 years at 10% per annum of compound interest, interest being compounded annually. The sum is

An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest at the rate of 10%, the effective rate interest becomes

There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest on Rs. 12000 after 3 years at the same rate of interest?

What would be the compound interest obtained on an amount of Rs. 4,800 at the rate of 5 p.c.p.a after 3 years?

What will be the compound interest on a sum of ₹ 9000 at compound interest compounded annually at 8% per annum in two years ?

The difference between simple interest and compound interest on a certain sum of money for 2 years at 5% per annum is ₹ 100. Find the sum.

Sachin had ₹ 23,000. He invested some amount in scheme A at SI at 20% and the remaining amount in scheme B at CI at 10%. If Sahil got the same amount from both of them at the end of one year, how much (in ₹) did he invest in scheme B ?

What is the CI accrued on an amount of Rs. 12000 at the rate of 9% per annum at the end of 2 years?

The SI on a certain sum of money for 3 yr at 8% pa is half the CI on Rs. 8000 for 2 yr at 10% pa. Find the sum placed on simple interest?

Find the compound interest on ₹ 12000 for 2 years, the rate of interest being 3% per annum.

An amount of ₹ 110000 is invested at compound interest payable annually. If the rate of interest is 11% pa, what will be the total interest after two years ?

Lata had ₹ 40000. She invested some amount in scheme A at CI at 15% and the remaining amount in scheme B at SI at 10%. If she got the same interest from both the investments at the end of one year. How much in ₹ did she invest in scheme B?

A sum of ₹ 198 deposited at CI doubles itself after 4 years. After 20 years it will become

₹ 6100 was partly invested in Scheme A at 10% pa compound interest (compounded annually) for 2 years and partly in Scheme B at 10% pa simple interest for 4 years. Both the schemes earn equal interests. How much was invested in Scheme A ?

The simple interest accrued on an amount of Rs. 18,500 at the end of three years is Rs. 7770. What would be the compound interest accrued on the same amount at the same rate in the same period?

A lent an amount of Rs. 1100 to B. This is to be paid back to A in two instalments. If the rate of interest, which A charges to B, be 20% compounded annually, then what is the value of each instalment ?

Mr. Bede wins Rs. 120000 on Kaun Banega Crorepati. He has to pay 25% as gift tax to the government. He places remaining money in fixed deposit 10% compounded annually. However, he has to pay 20% tax on the interest. How much money does Mr. Bede has after 4 years?

The compound interest on Rs 7500 in 2 years when the successive rate of interest on successive years is 8% and 10% respectively:

Anjana lent Rs. 7000 to Sunil for 3 years and Rs. 5000 to Saurabh for 5 years on simple interest at the same rate of interest and she received Rs. 5520 from both of them as interest. Find the rate of interest.

A sum of Rs.8584 is to be paid back in 3 equal annual installments. How much is each installment if the interest is compounded annually at 14% per annum?

Reet invested an amount of Rs A for 2 years at 12% compound interest and received some amount of interest. Sonali invested Rs (A + 1500) for 3 years at 8% simple interest and received same amount of interest as Reet received. Find the amount that is invested by Reet.

A sum of Rs. 9960 was borrowed at 15/2% per annum compound interest and paid back in two years in two equal annual installments. What was the amount of each installment?

Aditya and Bhushan invested 10000 each in scheme A and scheme B respectively for 3 years. Scheme A offers Simple interest 12% per annum and scheme B offers compound interest 10%. After 3 years, who will have larger amount and by how much?

A certain amount of money is lent out at compound interest at the rate of 20% per annum for two years, compounded annually. It would give Rs. 482 more if the amount is compounded half yearly. Find the principle.

Shantanu borrowed Rs. 2.5 lakh from a bank to purchase one car. If the rate of interest be 6% per annum compounded annually, what payment (approximately) will he have to make after 2 years 6 months?

A man takes a loan of Rs 216000 from a bank, to be returned in three years at a rate of 16.67% p.a. compound interest. The man returns Rs 84000 and Rs 58000 after first and second year. How much money will he have to return after third year to settle the loan?