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MCQOPTIONS
This section includes 252 Mcqs, each offering curated multiple-choice questions to sharpen your Arithmetic Ability knowledge and support exam preparation. Choose a topic below to get started.
| 51. |
The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 12% per annum is Rs 900. What is the value of given sum (in Rs)? |
| A. | 125000 |
| B. | 250000 |
| C. | 62500 |
| D. | 187500 |
| Answer» D. 187500 | |
| 52. |
The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 18% per annum is Rs 81. The sum is ____. |
| A. | Rs 2500 |
| B. | Rs 5000 |
| C. | Rs 10000 |
| D. | Rs 7500 |
| Answer» B. Rs 5000 | |
| 53. |
The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 5% per annum is Rs 45. The sum is |
| A. | Rs 36000 |
| B. | Rs 72000 |
| C. | Rs 18000 |
| D. | Rs 54000 |
| Answer» D. Rs 54000 | |
| 54. |
The difference between simple and compound interest compounded annually on a certain sum of money for 2 years at 4% per annum is re.1. the sum is |
| A. | 625 |
| B. | 630 |
| C. | 640 |
| D. | 650 |
| Answer» B. 630 | |
| 55. |
The difference between compound interest and simple interest on a certain sum of money for 2 years at 5% per annum is Rs. 41. What is the sum of money? |
| A. | Rs.7200 |
| B. | Rs.9600 |
| C. | Rs.16400 |
| D. | Rs.8400 |
| Answer» D. Rs.8400 | |
| 56. |
The difference between compound interest and simple interest on a sum for two years at 8% per annum, where the interest is compounded annually is Rs.16. if the interest were compounded half yearly , the difference in two interests would be nearly |
| A. | Rs.24.64 |
| B. | Rs.21.85 |
| C. | Rs.16 |
| D. | Rs.16.80 |
| Answer» B. Rs.21.85 | |
| 57. |
The compound interest on rs.30000 at 7% per annum is Rs.4347. The period is |
| A. | 2 years |
| B. | 2.5 years |
| C. | 3 years |
| D. | 4 years |
| Answer» B. 2.5 years | |
| 58. |
The compound interest on Rs. 4000 for 4 years at 10% per annum will be |
| A. | Rs. 1856.40 |
| B. | Rs. 1600 |
| C. | Rs. 1856 |
| D. | Rs. 1756.60 |
| Answer» B. Rs. 1600 | |
| 59. |
The compound interest on Rs. 8000 for 3 year at 10% p.a. is |
| A. | 2648 |
| B. | 2145 |
| C. | 2587 |
| D. | 2784 |
| Answer» B. 2145 | |
| 60. |
The compound interest on Rs. 24000 at 10% per annum for 11â„2 years, interest being compounded semiÂannually is |
| A. | Rs.3783 |
| B. | Rs.3777 |
| C. | Rs.3780 |
| D. | Rs.3781 |
| Answer» B. Rs.3777 | |
| 61. |
The compound interest on Rs. 1000 at 10%Â per annum for 3 years in (Rs.) is |
| A. | Rs. 1331 |
| B. | Rs. 331 |
| C. | Rs. 300 |
| D. | Rs. 1300 |
| Answer» C. Rs. 300 | |
| 62. |
The compound interest on a sum of money for 2 years is rs.832 and the simple interest on the same sum for the same period is rs.800 .the difference between the compound interest and simple interest for 3 years |
| A. | Rs.48 |
| B. | Rs.66.56 |
| C. | Rs.98.56 |
| D. | None of these |
| Answer» D. None of these | |
| 63. |
The compound interest on a certain sum for 2 years at 10% per annum is Rs. 1155. The simple interest on the same sum for double the time at half the rate percent per annum is ? |
| A. | Rs. 1100 |
| B. | Rs. 5500 |
| C. | Rs. 1400 |
| D. | Rs. 4120 |
| Answer» B. Rs. 5500 | |
| 64. |
The compound interest on a certain sum at the end of two years is Rs.408. The simple interest on the same sum for the same time is Rs.400. The rate of interest per annum is:_x005F_x000D_  _x005F_x000D_ |
| A. | 0.02 |
| B. | 0.8 |
| C. | 0.4 |
| D. | 0.08 |
| Answer» B. 0.8 | |
| 65. |
The compound interest earned in two years at 8% per annum is Rs 4160. What is the sum (in Rs) invested? |
| A. | 24000 |
| B. | 25000 |
| C. | 30000 |
| D. | 20000 |
| Answer» C. 30000 | |
| 66. |
The compound interest earned in two years at 15% per annum is Rs 20640. What is the sum invested (in Rs)? |
| A. | 64000 |
| B. | 60000 |
| C. | 56000 |
| D. | 52000 |
| Answer» B. 60000 | |
| 67. |
The compound interest earned in two years at 12% per annum is Rs 10176. What is the sum (in Rs) invested? |
| A. | 50000 |
| B. | 60000 |
| C. | 40000 |
| D. | 80000 |
| Answer» D. 80000 | |
| 68. |
The compound interest earned by Sunil on a certain amount at the end of two years at the rate of 8% p.a. was Rs.2828.80. Find the total amount that Sunil got back at the end of two years in the form of principal plus interest earned  ? |
| A. | Rs. 11828.80 |
| B. | Rs. 19828.80 |
| C. | Rs. 9828.80 |
| D. | Rs. 19328.80 |
| Answer» C. Rs. 9828.80 | |
| 69. |
The amount received at 10% per annum Compound interest after 3 yrs is Rs 5324. What was the principal (in Rs)? |
| A. | 4100 |
| B. | 4200 |
| C. | 4000 |
| D. | 4300 |
| Answer» D. 4300 | |
| 70. |
The amount received at 10% per annum compound interest after 3 yrs is Rs 10,648. What was the principal (in Rs)? |
| A. | 8000 |
| B. | 9000 |
| C. | 8500 |
| D. | 7500 |
| Answer» B. 9000 | |
| 71. |
The amount (in Rs) received at 10% per annum compound interest after 3 yrs is Rs 1,19,790. What was the principal? |
| A. | 90000 |
| B. | 1,00,000 |
| C. | 80000 |
| D. | 75000 |
| Answer» B. 1,00,000 | |
| 72. |
Sonika invested an amount of Rs.5800 for 2 years. At what rate of compound interest will she get an amount of Rs.594.50 at the end of 2 years ? |
| A. | 0.065 |
| B. | 0.06 |
| C. | 0.05 |
| D. | 0.045 |
| Answer» D. 0.045 | |
| 73. |
Simple interest on a certain sum at 7% per annum for 4 years is Rs. 2415. What will be the compound interest on the same principal at 4% per annum in two years? |
| A. | Rs. 704 |
| B. | Rs. 854 |
| C. | Rs. 893 |
| D. | Rs. 914 |
| Answer» B. Rs. 854 | |
| 74. |
Simon deposits $400 in an account that pays 3% interest compounded annually. What is the balance of Simon’s account at the end of 2 years? |
| A. | 424.36 |
| B. | 524.56 |
| C. | 545.36 |
| D. | 456.36 |
| Answer» B. 524.56 | |
| 75. |
Shawn invested one half of his savings in a bond that paid simple interest for 2 years and received Rs.550 as interest. He invested the remaining in a bond that paid compound interest, interest being compounded annually, for the same 2 years at the same rate of interest and received Rs.605 as interest. What was the value of his total savings before investing in thesetwo bonds? |
| A. | Rs.2543 |
| B. | Rs.2534 |
| C. | Rs.2546 |
| D. | Rs.2750 |
| Answer» E. | |
| 76. |
Sharon Stone deposits $500 at the beginning of each 3 months in an account earning 10% compounded quarterly. Determine how much money she has after 25 years |
| A. | 22681.19 |
| B. | 23456 |
| C. | 44577 |
| D. | 25685 |
| Answer» B. 23456 | |
| 77. |
Sharon Stone deposits $2000 at the end of each year in an account earning 10% compounded annually. Determine how much money she has after 25 years. How much interest did she earn? |
| A. | 146694.12 |
| B. | 13452 |
| C. | 18232 |
| D. | 15627 |
| Answer» B. 13452 | |
| 78. |
Shams invested Rs. 5000 at 10% per annum compound interest. After n years, Shams received Rs. 1655 more. Find the value of n._x005F_x000D_ |
| A. | 3 years |
| B. | 4 years |
| C. | 2 years |
| D. | 1 year |
| Answer» B. 4 years | |
| 79. |
Rs.100 doubled in 5 years when compounded annually. How many more years will it take to get another Rs.200 compound interest |
| A. | 3years |
| B. | 5years |
| C. | 6years |
| D. | 7years |
| Answer» C. 6years | |
| 80. |
Rs. 5887 is divided between Shyam and Ram, such that Shyam's share at the end of 9 years is equal to Ram's share at the end of 11 years, compounded annually at the rate of 5%. Find the share of Shyam. |
| A. | 3567 |
| B. | 3452 |
| C. | 3087 |
| D. | 3544 |
| Answer» D. 3544 | |
| 81. |
Rs 260200 is divided between Ram and Shyam so that the amount that Ram receives in 3 years is the same as that Shyam receives in 6 years. If the interest is compounded annually at the rate of 4% per annum then Ram's share is |
| A. | 125000 |
| B. | 135200 |
| C. | 152000 |
| D. | 108200 |
| Answer» C. 152000 | |
| 82. |
Rs 10000 is kept at compound interest at an interest rate of 18% per annum (compounding annually). If the compounding of interest is done half yearly, then how much more interest (in Rs) will be obtained?_x005F_x000D_ |
| A. | 243 |
| B. | 324 |
| C. | 81 |
| D. | 162 |
| Answer» D. 162 | |
| 83. |
Rs. 10000 is being compounded at 20% per annum. Calculate the amount after 2 years if the rate of interest is charged half yearly. |
| A. | 14600 |
| B. | 12500 |
| C. | 14642 |
| D. | 14641 |
| Answer» E. | |
| 84. |
Rs. 10000 is being compounded at 20% per annum. Calculate the amount after 2 years if rate of interest is charged half yearly. |
| A. | Rs. 10041 |
| B. | Rs. 14641 |
| C. | Rs. 12000 |
| D. | Rs. 13660 |
| Answer» C. Rs. 12000 | |
| 85. |
Rs 1000 is being  charged at 50% per annum. what is the interest for 3rd year at compound interest? |
| A. | 1122 |
| B. | 1025 |
| C. | 1125 |
| D. | 625 |
| Answer» D. 625 | |
| 86. |
Payments of $2000 and $1000 were originally scheduled to be paid one year and five years, respectively, from today. They are to be replaced by a $1500 payment due four years from today, and another payment due two years from today. The replacement stream must be economically equivalent to the scheduled stream. What is the unknown payment, if money can earn 7% compounded semiannually? |
| A. | 1548 |
| B. | 1348 |
| C. | 1648 |
| D. | 1748 |
| Answer» D. 1748 | |
| 87. |
Other things being equal, would an investor prefer an interest rate of 10.5% compounded monthly or 11% compounded annually for a two-year investment? |
| A. | 1232 |
| B. | 1243 |
| C. | 1254 |
| D. | 1262 |
| Answer» B. 1243 | |
| 88. |
On a sum of money, the simple interest for 2 years is Rs. 660,while the compound interest is Rs.696.30,the rate of interest being the same in both the cases. The rate of interest is |
| A. | 0.1 |
| B. | 0.11 |
| C. | 0.12 |
| D. | 0.13 |
| Answer» C. 0.12 | |
| 89. |
On a certain principal, simple interest amounts to Rs.1,000 in 1 year at the rate of 10% p.a. What will be the effective rate of interest if the same is compounded on half yearly basis?_x005F_x000D_ |
| A. | 10.1 |
| B. | 10.15 |
| C. | 10.2 |
| D. | 10.25 |
| Answer» E. | |
| 90. |
On a certain principal if the simple interest for two years is Rs 2800 and compound interest for the two years is Rs 2996, what is the rate of Interest? |
| A. | 14 percent |
| B. | 7 percent |
| C. | 28 percent |
| D. | 21 percent |
| Answer» B. 7 percent | |
| 91. |
On a certain principal, simple interest amounts to Rs. 2,000 in two years at the rate of 10% p.a. What will be the difference in the amount of interest if the same is compounded on annual basis? |
| A. | Rs.200 |
| B. | Rs.220 |
| C. | Rs.100 |
| D. | Rs.120 |
| Answer» D. Rs.120 | |
| 92. |
On a certain principal if the simple interest for two years is Rs 1400 and compound interest for the two years is Rs 1449, what is the rate of Interest? |
| A. | 7 percent |
| B. | 3.5 percent |
| C. | 14Â percent |
| D. | 10Â percent |
| Answer» B. 3.5 percent | |
| 93. |
Mr. Mike borrowed Rs. 8500 at 4% per annum C.I. The C.I. compounded annally for 2 years is : |
| A. | Rs. 9139.6 |
| B. | Rs. 639.6 |
| C. | Rs. 9193.6 |
| D. | Rs. 693.6 |
| Answer» E. | |
| 94. |
Mr. and Mrs. Espedido’s property taxes, amounting to $2450, are due on July 1.What amount should the city accept if the taxes are paid eight months in advance and the city can earn 6% compounded monthly on surplus funds? |
| A. | 2354.17 |
| B. | 2354 |
| C. | 2376 |
| D. | 2389 |
| Answer» B. 2354 | |
| 95. |
Mr. Ibrahim borrowed Rs. 7500 at 5% per annum compound interest. The compound interest compounded annually for 2 years is |
| A. | 768.75 |
| B. | 8268.75 |
| C. | 8286.75 |
| D. | 786.75 |
| Answer» C. 8286.75 | |
| 96. |
Kramer borrowed $4000 from George at an interest rate of 7% compounded semiannually. The loan is to be repaid by three payments. The first payment, $1000, is due two years after the date of the loan. The second and third payments are due three and five years, respectively, after the initial loan. Calculate the amounts of the second and third payments if the second payment is to be twice the size of the third payment. |
| A. | 1389 |
| B. | 1359 |
| C. | 1379 |
| D. | 1339.33 |
| Answer» E. | |
| 97. |
Mr. Gupta borrowed a sum of money on compound interest. What will be the amount to be repaid if he is repaying the entire amount at the end of 2 years?I. The rate of interest is 5 p.c.p.a.II. Simple interest fetched on the same amount in one year is Rs. 600.III. The amount borrowed is 10 times the simple interest in 2 years. |
| A. | .I only |
| B. | III only |
| C. | I or II |
| D. | II and Either I or III only |
| Answer» E. | |
| 98. |
Mr. Devesh borrowed Rs.4,500 at 4% per annum compound interest. The compound interest compounded annually for 2years is |
| A. | Rs. 367.2 |
| B. | Rs. 4867.2 |
| C. | Rs. 4876.2 |
| D. | Rs.376.2 |
| Answer» B. Rs. 4867.2 | |
| 99. |
Kashundra Jones plans to make a lump sum deposit so that she can withdraw $3,000 at the end of each quarter for 10 years. Find the lump sum if the money earns 10% per year compounded quarterly |
| A. | 75263.64 |
| B. | 76345 |
| C. | 76389 |
| D. | 56897 |
| Answer» B. 76345 | |
| 100. |
Josh borrowed $250 from his mother to buy an electric scooter. Josh will pay her back in 1 year with 3% simple annual interest. How much interest will Josh pay? |
| A. | 7.5 |
| B. | 8.5 |
| C. | 9.5 |
| D. | 10.5 |
| Answer» B. 8.5 | |