336 + Mcqs in Compound Interest Page 1 McqOptions

1.	A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1 January and 1 July of a year. At the end of the year, the amount he would have gained by way of interest is:
A.	Rs. 120
B.	Rs. 121
C.	Rs. 122
D.	Rs. 123
Answer» C. Rs. 122

Discussion

2.	What is the difference between the compound interests on Rs. 5000 for 1 years at 4% per annum compounded yearly and half-yearly?
A.	Rs. 2.04
B.	Rs. 3.06
C.	Rs. 4.80
D.	Rs. 8.30
Answer» B. Rs. 3.06

Discussion

3.	A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1 January and 1 July of a year. At the end of the year, the amount he would have gained by way of interest is:
A.	Rs. 120
B.	Rs. 121
C.	Rs. 122
D.	Rs. 123
Answer» C. Rs. 122

Discussion

4.	What is the difference between the compound interests on Rs. 5000 for 1 years at 4% per annum compounded yearly and half-yearly?
A.	Rs. 2.04
B.	Rs. 3.06
C.	Rs. 4.80
D.	Rs. 8.30
Answer» B. Rs. 3.06

Discussion

5.	What amount will be received on a sum of 15000 in 11/4 yr at 12% pa, if interest is compounded quarterly?
A.	16596.88
B.	16789.08
C.	17630.77
D.	17389.12
Answer» E.

Discussion

6.	What amount will be received on a sum of 1750 in 21/2 yr, if the interest is compounded at the rate of 8% pa?
A.	2125
B.	2122.85
C.	2100
D.	2200
Answer» C. 2100

Discussion

7.	What will be the compound interest of Rs. 8000 at 10% p.a. for 11/2 years. When compound interest is payable half yearly ?
A.	Rs. 1261
B.	Rs. 1385
C.	Rs. 1480
D.	Rs. 1255
Answer» B. Rs. 1385

Discussion

8.	A man borrows Rs. 4000 from a bank at 71/2% compound interest. At the end of every he pays Rs. 1500 as part repayment of loan and interest. How much does he still owe to the bank after there such installments ?
A.	Rs. 123.25
B.	Rs. 125
C.	Rs. 400
D.	Rs. 469.18
Answer» B. Rs. 125

Discussion

9.	The compound interest of Rs. 20480 at 61/4% per annum for 2 years 73 days is ?
A.	Rs. 3000
B.	Rs. 3131
C.	Rs. 2929
D.	Rs. 3636
Answer» D. Rs. 3636

Discussion

10.	If the compound interest on a sum for 2 years at 121p.a is 510, 2the simple interest on the same sum at the same rate for the same period of time is
A.	400
B.	450
C.	460
D.	480
Answer» E.

Discussion

11.	A sum, at the compound rate of interest, becomes 21/2 times in 6 yr. The same sum becomes what times in 18 yr ?
A.	5/2
B.	25/4
C.	125/8
D.	625/16
Answer» D. 625/16

Discussion

12.	If the compound interest of a certain sum of money for two successive years be Rs, 225 and Rs. 238.50. What is the rate of interest per annum ?
A.	5%
B.	6%
C.	7
D.	/
E.	10%
Answer» C. 7

Discussion

13.	The compound interest on Rs. 2800 for 11/2 years at 10% per annum is ?
A.	Rs. 441.35
B.	Rs. 436.75
C.	Rs. 434
D.	Rs. 420
Answer» D. Rs. 420

Discussion

14.	The compound interest on Rs. 24000 at 10% per annum for 11years, 2interest being compounded semi-annually is :
A.	Rs. 3783
B.	Rs. 3777
C.	Rs. 3780
D.	Rs. 3781
Answer» B. Rs. 3777

Discussion

15.	Find the amount which Shyam will get on Rs. 4096, if he gives it for 18 months at 121% per annum, interest being compounded half yearly.2
A.	Rs. 5,813
B.	Rs. 4,515
C.	Rs. 4,913
D.	Rs. 5,713
Answer» D. Rs. 5,713

Discussion

16.	A sum of 6,000 is deposited for 3 years at 5% per annum compound interest (compoundedannually). The difference of interests for 3 and 2 years will be
A.	75.00
B.	30.75
C.	330.75
D.	375.00
Answer» D. 375.00

Discussion

17.	If the difference between S.I. and C.I. for 2 years on a sum of money lent at 5% is 6, thenthe sum is
A.	2200
B.	2400
C.	2600
D.	2000
Answer» C. 2600

Discussion

18.	What sum will give 244 as the difference between simple interest and compound interest at 10% in 1 1 years compounded half yearly ?2
A.	40,000
B.	36,000
C.	32,000
D.	28,000
Answer» D. 28,000

Discussion

19.	If the amount is 33times the sum after 3 years at compound interest 8 compounded annually, then the rate of interest per annum is
A.	25%
B.	50%
Answer» C.

Discussion

20.	A person deposited a sum of 6,000 in a bank at 5% per annum simple interest. Anotherperson deposited 5,000 at 8% per annum compound interest. After two years, the difference of their interests will be
A.	230
B.	232
C.	832
D.	600
Answer» C. 832

Discussion

21.	Find the rate percent per annum, if Rs. 2000 amounts to Rs. 2,315.25 in a year and a half,interest being compounded half yearly.
A.	11.5%
B.	10%
C.	5%
D.	20%
Answer» C. 5%

Discussion

22.	A sum of 13,360 was borrowed at 83% per annum compound interest4 and paid back in two years in two equal annual instalments. What was the amount of each instalment ?
A.	5,769
B.	7,569
C.	7,009
D.	7,500
Answer» C. 7,009

Discussion

23.	Find compound interest on 10,000 for 31 years at 10% per annum,2compounded yearly.
A.	3675.50
B.	3775.50
C.	3875. 50
D.	3975.50
Answer» E.

Discussion

24.	The income of a company increases 20% per year. If the income is Rs. 26,64,000 in the year2012, then its income in the year 2010 was :
A.	Rs. 28,55,000
B.	Rs. 18,50,000
C.	Rs. 28,20,000
D.	Rs. 21,20,000
Answer» C. Rs. 28,20,000

Discussion

25.	A loan of 12,300 at 5% per annum compound interest, is to be repaid in two equal annualinstalments at the end of every year. Find the amount of each instalment.
A.	6,651
B.	6,615
C.	6,516
D.	6,156
Answer» C. 6,516

Discussion

26.	Kamal took 6800 as a loan which along with interest is to be repaid in two equal annual instalments. If the rate of interest is 121%, compounded annually, then the 2value of each instalment is
A.	8100
B.	4150
C.	4050
D.	4000
Answer» D. 4000

Discussion

27.	What is the difference between compound interest on 5,000 for 11at 4% per annum2according as the interest is compounded yearly or halfyearly?
A.	2.04
B.	3.06
C.	8.30
D.	4.80
Answer» C. 8.30

Discussion

28.	If the compound interest on a sum for 2 years at 121% per annum 2 is 510, the simple interest on the same sum at the same rate for the same period of time is :
A.	400
B.	480
C.	450
D.	460
Answer» C. 450

Discussion

29.	The compound interest on 6,000 at 10% per annum for 1 1 years, 2when the interest being compounded annually, is
A.	910
B.	870
C.	930
D.	900
Answer» D. 900

Discussion

30.	The principal that yields a compound interest of 420 during the second year at 5% per annum is
A.	7,000
B.	5,000
C.	8,000
D.	6,000
Answer» D. 6,000

Discussion

31.	Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:
A.	Rs. 1550
B.	Rs. 1650
C.	Rs. 1750
D.	Rs. 2000
Answer» D. Rs. 2000

Discussion

32.	If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time?
A.	Rs. 51.25
B.	Rs. 52
C.	Rs. 54.25
D.	Rs. 60
Answer» B. Rs. 52

Discussion

33.	The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:
A.	Rs. 2.50
B.	Rs. 3
C.	Rs. 3.75
D.	Rs. 4
E.	None of these
Answer» C. Rs. 3.75

Discussion

34.	The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?
A.	8
B.	10
C.	12
D.	Cannot be determined
E.	None of these
Answer» B. 10

Discussion

35.	The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is:
A.	Rs. 400
B.	Rs. 500
C.	Rs. 600
D.	Rs. 800
Answer» C. Rs. 600

Discussion

36.	The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:
A.	3
B.	4
C.	5
D.	6
Answer» C. 5

Discussion

37.	Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit?
A.	Rs. 8600
B.	Rs. 8620
C.	Rs. 8820
D.	None of these
Answer» D. None of these

Discussion

38.	What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.?
A.	Rs. 9000.30
B.	Rs. 9720
C.	Rs. 10123.20
D.	Rs. 10483.20
E.	None of these
Answer» D. Rs. 10483.20

Discussion

39.	The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:
A.	6.06%
B.	6.07%
C.	6.08%
D.	6.09%
Answer» E.

Discussion

40.	The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:
A.	625
B.	630
C.	640
D.	650
Answer» B. 630

Discussion

41.	There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?
A.	Rs. 2160
B.	Rs. 3120
C.	Rs. 3972
D.	Rs. 6240
E.	None of these
Answer» D. Rs. 6240

Discussion

42.	What is the difference between the compound interests on Rs. 5000 for 1 years at 4% per annum compounded yearly and half-yearly?
A.	Rs. 2.04
B.	Rs. 3.06
C.	Rs. 4.80
D.	Rs. 8.30
Answer» B. Rs. 3.06

Discussion

43.	What is the rate of compound interest? I. The principal was invested for 4 years. II. The earned interest was Rs. 1491.
A.	I alone sufficient while II alone not sufficient to answer
B.	II alone sufficient while I alone not sufficient to answer
C.	Either I or II alone sufficient to answer
D.	Both I and II are not sufficient to answer
E.	Both I and II are necessary to answer
Answer» E. Both I and II are necessary to answer

Discussion

44.	What will be compounded amount? I. Rs. 200 was borrowed for 192 months at 6% compounded annually. II. Rs. 200 was borrowed for 16 years at 6%.
A.	I alone sufficient while II alone not sufficient to answer
B.	II alone sufficient while I alone not sufficient to answer
C.	Either I or II alone sufficient to answer
D.	Both I and II are not sufficient to answer
E.	Both I and II are necessary to answer
Answer» D. Both I and II are not sufficient to answer

Discussion

45.	An amount of money was lent for 3 years. What will be the difference between the simple and the compound interest earned on it at the same rate? I. The rate of interest was 8 p.c.p.a. II. The total amount of simple interest was Rs. 1200.
A.	I alone sufficient while II alone not sufficient to answer
B.	II alone sufficient while I alone not sufficient to answer
C.	Either I or II alone sufficient to answer
D.	Both I and II are not sufficient to answer
E.	Both I and II are necessary to answer
Answer» F.

Discussion

46.	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 only
D.	II and Either I or III only
E.	All I, II and III are required
Answer» E. All I, II and III are required

Discussion

47.	What is the rate of interest p.c.p.a.? I. An amount doubles itself in 5 years on simple interest. II. Difference between the compound interest and the simple interest earned on a certain amount in 2 years is Rs. 400. III. Simple interest earned per annum is Rs. 2000.
A.	I only
B.	II and III only
C.	All I, II and III
D.	Any two of the three
E.	I only or II and III only
Answer» F.

Discussion

48.	What is the compound interest earned at the end of 3 years? I. Simple interest earned on that amount at the same rate and for the same period is Rs. 4500. II. The rate of interest is 10 p.c.p.a. III. Compound interest for 3 years is more than the simple interest for that period by Rs. 465.
A.	I and II only
B.	II and III only
C.	I and III only
D.	I and Either II or III only
E.	Any two of the three
Answer» E. Any two of the three

Discussion

49.	What will be the compound interest earned on an amount of Rs. 5000 in 2 years? I. The simple interest on the same amount at the same rate of interest in 5 years is Rs. 2000. II. The compound interest and the simple interest earned in one year is the same. III. The amount becomed more than double on compound interest in 10 years.
A.	I only
B.	I and II only
C.	II and III only
D.	I and III only
E.	None of these
Answer» B. I and II only

Discussion

50.	At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?
A.	6%
B.	6.5%
C.	7%
D.	7.5%
Answer» B. 6.5%

Discussion

Explore topic-wise MCQs in Aptitude.

A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1 January and 1 July of a year. At the end of the year, the amount he would have gained by way of interest is:

What is the difference between the compound interests on Rs. 5000 for 1 years at 4% per annum compounded yearly and half-yearly?

A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1 January and 1 July of a year. At the end of the year, the amount he would have gained by way of interest is:

What is the difference between the compound interests on Rs. 5000 for 1 years at 4% per annum compounded yearly and half-yearly?

What amount will be received on a sum of 15000 in 11/4 yr at 12% pa, if interest is compounded quarterly?

What amount will be received on a sum of 1750 in 21/2 yr, if the interest is compounded at the rate of 8% pa?

What will be the compound interest of Rs. 8000 at 10% p.a. for 11/2 years. When compound interest is payable half yearly ?

A man borrows Rs. 4000 from a bank at 71/2% compound interest. At the end of every he pays Rs. 1500 as part repayment of loan and interest. How much does he still owe to the bank after there such installments ?

The compound interest of Rs. 20480 at 61/4% per annum for 2 years 73 days is ?

If the compound interest on a sum for 2 years at 121p.a is 510, 2the simple interest on the same sum at the same rate for the same period of time is

A sum, at the compound rate of interest, becomes 21/2 times in 6 yr. The same sum becomes what times in 18 yr ?

If the compound interest of a certain sum of money for two successive years be Rs, 225 and Rs. 238.50. What is the rate of interest per annum ?

The compound interest on Rs. 2800 for 11/2 years at 10% per annum is ?

The compound interest on Rs. 24000 at 10% per annum for 11years, 2interest being compounded semi-annually is :

Find the amount which Shyam will get on Rs. 4096, if he gives it for 18 months at 121% per annum, interest being compounded half yearly.2

A sum of 6,000 is deposited for 3 years at 5% per annum compound interest (compoundedannually). The difference of interests for 3 and 2 years will be

If the difference between S.I. and C.I. for 2 years on a sum of money lent at 5% is 6, thenthe sum is

What sum will give 244 as the difference between simple interest and compound interest at 10% in 1 1 years compounded half yearly ?2

If the amount is 33times the sum after 3 years at compound interest 8 compounded annually, then the rate of interest per annum is

A person deposited a sum of 6,000 in a bank at 5% per annum simple interest. Anotherperson deposited 5,000 at 8% per annum compound interest. After two years, the difference of their interests will be

Find the rate percent per annum, if Rs. 2000 amounts to Rs. 2,315.25 in a year and a half,interest being compounded half yearly.

A sum of 13,360 was borrowed at 83% per annum compound interest4 and paid back in two years in two equal annual instalments. What was the amount of each instalment ?

Find compound interest on 10,000 for 31 years at 10% per annum,2compounded yearly.

The income of a company increases 20% per year. If the income is Rs. 26,64,000 in the year2012, then its income in the year 2010 was :

A loan of 12,300 at 5% per annum compound interest, is to be repaid in two equal annualinstalments at the end of every year. Find the amount of each instalment.

Kamal took 6800 as a loan which along with interest is to be repaid in two equal annual instalments. If the rate of interest is 121%, compounded annually, then the 2value of each instalment is

What is the difference between compound interest on 5,000 for 11at 4% per annum2according as the interest is compounded yearly or halfyearly?

If the compound interest on a sum for 2 years at 121% per annum 2 is 510, the simple interest on the same sum at the same rate for the same period of time is :

The compound interest on 6,000 at 10% per annum for 1 1 years, 2when the interest being compounded annually, is

The principal that yields a compound interest of 420 during the second year at 5% per annum is

Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:

If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time?

The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:

The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?

The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is:

The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:

Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit?

What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.?

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:

There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?

What is the difference between the compound interests on Rs. 5000 for 1 years at 4% per annum compounded yearly and half-yearly?

What is the rate of compound interest? I. The principal was invested for 4 years. II. The earned interest was Rs. 1491.

What will be compounded amount? I. Rs. 200 was borrowed for 192 months at 6% compounded annually. II. Rs. 200 was borrowed for 16 years at 6%.

An amount of money was lent for 3 years. What will be the difference between the simple and the compound interest earned on it at the same rate? I. The rate of interest was 8 p.c.p.a. II. The total amount of simple interest was Rs. 1200.

What is the rate of interest p.c.p.a.? I. An amount doubles itself in 5 years on simple interest. II. Difference between the compound interest and the simple interest earned on a certain amount in 2 years is Rs. 400. III. Simple interest earned per annum is Rs. 2000.

What is the compound interest earned at the end of 3 years? I. Simple interest earned on that amount at the same rate and for the same period is Rs. 4500. II. The rate of interest is 10 p.c.p.a. III. Compound interest for 3 years is more than the simple interest for that period by Rs. 465.

At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?