Explore topic-wise MCQs in Testing Subject.

This section includes 657 Mcqs, each offering curated multiple-choice questions to sharpen your Testing Subject knowledge and support exam preparation. Choose a topic below to get started.

1.

Rekha invested a sum of 12000 at 5% per annum compound interest. She received an amount of 13230 after n years. Find n.

A. 2.8 years
B. 3.0 years
C. 2.5 years
D. 2.0 years
Answer» E.
Discussion
2.

The compound interest on a sum of money for 2 years is 615 and the simple interest for the same period is 600. Find the principal.

A. 6,500
B. 6,000
C. 8,000
D. 9,500
Answer» C. 8,000
Discussion
3.

Two years ago, the value of my motorbike was 62500. If the value depreciates by 4% every year, now its value is

A. 56700
B. 57600
C. 57500
D. 55700
Answer» C. 57500
Discussion
4.

The compound interest on a certain sum of money for 2 years at 5% is 328, then the sum is

A. 3000
B. 3600
C. 3200
D. 3400
Answer» D. 3400
Discussion
5.

A sum of 3,200 invested at 10% p.a. compounded quarterly amounts to 3,362. Compute the time period.

A. <table><tr><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2"> year</td></tr><tr><td style="text-align: center;">2</td></tr></table>
B. 1 year
C. 2 years
D. <table><tr><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>3</center></td><td rowspan="2"> year</td></tr><tr><td style="text-align: center;">4</td></tr></table>
Answer» B. 1 year
Discussion
6.

The compound interest on 5,000 for 3 years at 10% p. a. will amount to

A. 1,654
B. 1,655
C. 1,600
D. 1,565
Answer» C. 1,600
Discussion
7.

800 at 5% per annum compounded annually will amount to 882 in

A. 1 year
B. 2 years
C. 3 years
D. 4 years
Answer» C. 3 years
Discussion
8.

A man borrows 21000 at 10% compound interest. How much he has to pay annually at the end of each year, to settle his loan in two years ?

A. 12000
B. 12100
C. 12200
D. 12300
Answer» C. 12200
Discussion
9.

The time in which 80,000 amounts to 92,610 at 10% p.a. compound interest, interest being compounded semi annually is :

A. <table><tr><td rowspan="2">1</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2"> years</td></tr><tr><td style="text-align: center;">2</td></tr></table>
B. 2 years
C. <table><tr><td rowspan="2">2</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2"> years</td></tr><tr><td style="text-align: center;">2</td></tr></table>
D. 3 years
Answer» B. 2 years
Discussion
10.

A man saves 2000 at the end of each year and invests the money at 5% compound interest. At the end of 3 years he will have :

A. 4305
B. 6305
C. 4205
D. 2205
Answer» C. 4205
Discussion
11.

The sum of money that yields a compound interest of 420 during the second year at 5% p.a is

A. 4,000
B. 42,000
C. 8,000
D. 21,000
Answer» D. 21,000
Discussion
12.

A principal of 10,000, after 2 years compounded annually, the rate of interest being 10% per annum during the first year and 12% per annum during the second year (in rupees) will amount to :

A. 12,000
B. 12,320
C. 12,500
D. 11,320
Answer» C. 12,500
Discussion
13.

A sum of 8000 will amount to 8820 in 2 years if the interest is calculated every year. The rate of compound interest is

A. 6%
B. 7%
C. 3%
D. 5%
Answer» E.
Discussion
14.

The compound interest on 30,000 at 7% per annum for a certain time is 4,347. The time is

A. 3 years
B. 4 years
C. 2 years
D. 2.5 years
Answer» D. 2.5 years
Discussion
15.

In what time will 1000 amounts to 1331 at 20% per annum, compounded half yearly ?

A. <table><tr><td rowspan="2">1</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2"> years</td></tr><tr><td style="text-align: center;">2</td></tr></table>
B. 2 years
C. 1 year
D. <table><tr><td rowspan="2">2</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2"> years</td></tr><tr><td style="text-align: center;">2</td></tr></table>
Answer» B. 2 years
Discussion
16.

An amount of 6,000 lent at 5% per annum compound interest for 2 years will become

A. 600
B. 6,600
C. 6,610
D. 6,615
Answer» E.
Discussion
17.

In how many years will a sum of 800 at 10% per annum compound interest, compounded semi-annually becomes 926.10 ?

A. <table><tr><td rowspan="2">1</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2"> years</td></tr><tr><td style="text-align: center;">2</td></tr></table>
B. <table><tr><td rowspan="2">1</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>2</center></td><td rowspan="2"> years</td></tr><tr><td style="text-align: center;">3</td></tr></table>
C. <table><tr><td rowspan="2">2</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2"> years</td></tr><tr><td style="text-align: center;">3</td></tr></table>
D. <table><tr><td rowspan="2">2</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2"> years</td></tr><tr><td style="text-align: center;">2</td></tr></table>
Answer» B. <table><tr><td rowspan="2">1</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>2</center></td><td rowspan="2"> years</td></tr><tr><td style="text-align: center;">3</td></tr></table>
Discussion
18.

At what rate percent per annum will a sum of 1,000 amounts to 1,102.50 in 2 years at compound interest ?

A. 5%
B. 5.5%
C. 6%
D. 6.5%
Answer» B. 5.5%
Discussion
19.

A sum becomes 1,352 in 2 years at 4% per annum compound interest. The sum is

A. 1,225
B. 1,270
C. 1,245
D. 1,250
Answer» E.
Discussion
20.

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

A. 636.80
B. 824.32
C. 912. 86
D. 828. 82
Answer» C. 912. 86
Discussion
21.

In what time 8,000 will amount to 9,261 at 10% per annum compound interest, when the interest is compounded half yearly ?

A. <table><tr><td rowspan="2">3</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2"> years</td></tr><tr><td style="text-align: center;">2</td></tr></table>
B. <table><tr><td rowspan="2">1</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2"> years</td></tr><tr><td style="text-align: center;">2</td></tr></table>
C. <table><tr><td rowspan="2">2</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2"> years</td></tr><tr><td style="text-align: center;">2</td></tr></table>
D. 2 years
Answer» C. <table><tr><td rowspan="2">2</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2"> years</td></tr><tr><td style="text-align: center;">2</td></tr></table>
Discussion
22.

At what rate percent per annum will 2304 amount to 2500 in 2 years at compound interest ?

A. <table><tr><td rowspan="2">4</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">2</td></tr></table>
B. <table><tr><td rowspan="2">4</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">5</td></tr></table>
C. <table><tr><td rowspan="2">4</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">6</td></tr></table>
D. <table><tr><td rowspan="2">4</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">3</td></tr></table>
Answer» D. <table><tr><td rowspan="2">4</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">3</td></tr></table>
Discussion
23.

The principal, which will amount to 270.40 in 2 years at the rate of 4% per annum compound interest, is

A. 200
B. 225
C. 250
D. 220
Answer» D. 220
Discussion
24.

A sum of money on compound interest amounts to 10648 in 3 years and 9680 in 2 years. The rate of interest per annum is :

A. 5%
B. 10%
C. 15%
D. 20%
Answer» C. 15%
Discussion
25.

The compound interest on 6,000 at 10% per annum for 1 1 years, 2

A. 910
B. 870
C. 930
D. 900
Answer» D. 900
Discussion
26.

A certain sum amounts to 5,832 in 2 years at 8% per annum compound interest, the sum is

A. 5,000
B. 5,200
C. 5,280
D. 5,400
Answer» B. 5,200
Discussion
27.

A certain sum, invested at 4% per annum compound interest, compounded halfyearly, amounts to 7,803 at the end of one year. The sum is

A. 7,000
B. 7,200
C. 7,500
D. 7,700
Answer» D. 7,700
Discussion
28.

A certain sum of money yields 1261 as compound interest for 3 years at 5% per annum. The sum is

A. 9000
B. 8400
C. 7500
D. 8000
Answer» E.
Discussion
29.

In what time will 10,000 amount to 13310 at 20% per annum compounded half yearly?

A. <table><tr><td rowspan="2">1</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">years</td></tr><tr><td style="text-align: center;">2</td></tr></table>
B. 2 years
C. <table><tr><td rowspan="2">2</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">years</td></tr><tr><td style="text-align: center;">2</td></tr></table>
D. 3 years
Answer» B. 2 years
Discussion
30.

If the rate of interest be 4% per annum for first year, 5% per annum for second year and 6% per annum for third year, then the compound interest of 10,000 for 3 years will be

A. 1,600
B. 1,625.80
C. 1,575.20
D. 2,000
Answer» D. 2,000
Discussion
31.

The compound interest on 16,000 for 9 months at 20% per annum, interest being compounded quarterly, is

A. 2,520
B. 2,524
C. 2,522
D. 2,518
Answer» D. 2,518
Discussion
32.

In what time will 1000 becomes 1331 at 10% per annum compounded annually ?

A. 3 years
B. <table><tr><td rowspan="2">2</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">years</td></tr><tr><td style="text-align: center;">2</td></tr></table>
C. 2 years
D. <table><tr><td rowspan="2">3</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">years</td></tr><tr><td style="text-align: center;">2</td></tr></table>
Answer» B. <table><tr><td rowspan="2">2</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">years</td></tr><tr><td style="text-align: center;">2</td></tr></table>
Discussion
33.

At what percent per annum will 3000 amounts to 3993 in 3 years if the interest is compounded annually?

A. 9%
B. 10%
C. 11%
D. 13%
Answer» C. 11%
Discussion
34.

The compound interest on 8,000 at 15% per annum for 2 years 4 months, compounded annually is:

A. 2980
B. 3091
C. 3109
D. 3100
Answer» D. 3100
Discussion
35.

At what rate per annum will 32000 yield a compound interest of 5044 in 9 months interest being compounded quarterly ?

A. 20%
B. 32%
C. 50%
D. 80%
Answer» B. 32%
Discussion
36.

The compound interest on 2000 in 2 years if the rate of interest is 4% per annum for the first year and 3% per annum for the second year, will be

A. 142.40
B. 140.40
C. 141.40
D. 143.40
Answer» B. 140.40
Discussion