MCQOPTIONS
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MCQOPTIONS
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. |
What will be the approximate compound interest on Rs. 101005 at 10% p.a. for 3 years ? |
| A. | Rs. 4500 |
| B. | Rs. 3000 |
| C. | Rs. 3300 |
| D. | Rs. 3600 |
| Answer» D. Rs. 3600 | |
| 2. |
A moneylender lends Rs. 2000 for 6 months at 20% per annum whereas the interest is compounded quarterly. After the given period he will get the amount of ? |
| A. | Rs. 2205 |
| B. | Rs. 2200 |
| C. | Rs. 2160 |
| D. | Rs. 2040 |
| Answer» B. Rs. 2200 | |
| 3. |
A sum of 2400 deposited at CI, Double after 5 yr. After 20 yr it will become ? |
| A. | 24000 |
| B. | 38400 |
| C. | 19200 |
| D. | Cannot be determined |
| Answer» C. 19200 | |
| 4. |
If Rs. 7500 are borrowed at compound interest at the rate of 4% per annum, then after 2 years the amount to be paid is ? |
| A. | Rs. 8082 |
| B. | Rs. 7800 |
| C. | Rs. 8100 |
| D. | Rs. 8112 |
| Answer» E. | |
| 5. |
A sum amounts to Rs. 3149.29 in 3 years at compound interest. The sum is ? |
| A. | Rs. 1500 |
| B. | Rs. 2000 |
| C. | Rs. 2500 |
| D. | Rs. 3000 |
| Answer» D. Rs. 3000 | |
| 6. |
Find the effective annual rate of 5 per cent per annum compound interest paid half yearly ? |
| A. | 1.025% |
| B. | 6.0625% |
| C. | 5.062% |
| D. | None of these |
| Answer» D. None of these | |
| 7. |
Rohit earns an interest of 1656 for the third year and 1440 for the second year on the same sum. Find the rate of interest if it is lent at compound interest ? |
| A. | 18% |
| B. | 12% |
| C. | 15% |
| D. | None of these |
| Answer» D. None of these | |
| 8. |
In what time will Rs. 6250 amount to Rs. 6632.55 at 4% compound interest payable half yearly ? |
| A. | 3 years |
| B. | 3/2 years |
| C. | 1 years |
| D. | 5/2 years |
| Answer» C. 1 years | |
| 9. |
Find the effective annual rate of 4 per cent per annum compound interest paid quarterly.? |
| A. | 4.0604% |
| B. | 4.604% |
| C. | 5.0605% |
| D. | 5.605% |
| Answer» B. 4.604% | |
| 10. |
The compound interest on a certain sum of money for 2 years at 10% per annum is Rs. 420. The simple interest on the same sum at the same rate and for the same time will be ? |
| A. | Rs. 350 |
| B. | Rs. 375 |
| C. | Rs. 380 |
| D. | Rs. 400 |
| Answer» E. | |
| 11. |
The difference between the compound interest and the simple interest on a certain sum at 5% per annum for 2 years is Rs. 1.50. The sum is ? |
| A. | Rs. 600 |
| B. | Rs. 500 |
| C. | Rs. 400 |
| D. | Rs. 300 |
| Answer» B. Rs. 500 | |
| 12. |
A sum amounts to 1352 in 2 yr at 4% compound interest. The sum is |
| A. | 1250 |
| B. | 1200 |
| C. | 1300 |
| D. | 1260 |
| Answer» B. 1200 | |
| 13. |
The compound interest on Rs. 2800 for 1 |
| A. | Rs. 441.35 |
| B. | Rs. 436.75 |
| C. | Rs. 434 |
| D. | Rs. 420 |
| Answer» D. Rs. 420 | |
| 14. |
If the compound interest on a certain sum for 2 years at 12.5% per annum is 170, the simple interest is ? |
| A. | Rs. 150 |
| B. | Rs. 152.50 |
| C. | Rs. 160 |
| D. | Rs. 162.50 |
| Answer» D. Rs. 162.50 | |
| 15. |
A sum amounts to Rs. 1352 in 2 years at 4% compound interest.The sum is ? |
| A. | Rs. 1300 |
| B. | Rs. 1250 |
| C. | Rs. 1260 |
| D. | Rs. 1200 |
| Answer» C. Rs. 1260 | |
| 16. |
Rs. 800 at 5% per annum compound interest will amount to Rs. 882 in ? |
| A. | 1 years |
| B. | 2 years |
| C. | 3 years |
| D. | 4 years |
| Answer» C. 3 years | |
| 17. |
What will be the present worth of 169 due in 2 yr at 4 % pa compound interest ? |
| A. | 156.25 |
| B. | 160 |
| C. | 150.50 |
| D. | 154.75 |
| Answer» B. 160 | |
| 18. |
Find the compound interest on 31250 at 16 % pa compounded quaterly for 9 months. |
| A. | 4000 |
| B. | 3902 |
| C. | 3500 |
| D. | 4200 |
| Answer» C. 3500 | |
| 19. |
Find the difference between the compound interest and the simple interest on 32,000 at 10% p.a. for 4 years. |
| A. | 2051.20 |
| B. | 2052.50 |
| C. | 2025.20 |
| D. | 2501.20 |
| Answer» B. 2052.50 | |
| 20. |
If the difference of the compound interest and the simple interest on a sum of money for 3 years is Rs. 186. Find the sum of money, if the rate of interest in both cases be 10%. |
| A. | Rs. 5500 |
| B. | Rs. 7200 |
| C. | Rs. 6500 |
| D. | Rs. 6000 |
| Answer» E. | |
| 21. |
The difference between the compound interest and simple interest on a certain sum for 2 years at 10% per annum is 300. Find the sum. |
| A. | 31,000 |
| B. | 31,500 |
| C. | 30,000 |
| D. | 30,500 |
| Answer» D. 30,500 | |
| 22. |
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 | |
| 23. |
The difference between simple and compound interest (compounded annually) on a sum of money for 3 years at 10% per annum is Rs. 93. The sum (in Rs.) is : |
| A. | 30000 |
| B. | 30300 |
| C. | 3000 |
| D. | 3030 |
| Answer» B. 30300 | |
| 24. |
The difference between C I and S I for 2 years at 10% rate of interest is Rs. 4. Find the sum of money. |
| A. | Rs. 400 |
| B. | Rs. 200 |
| C. | Rs. 300 |
| D. | Rs. 800 |
| Answer» B. Rs. 200 | |
| 25. |
The compound interest on a certain sum for two successive years are 225 and 238.50. The rate of interest per annum is : |
| A. | <table><tr><td rowspan="2">7</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. | 5% |
| C. | 10% |
| D. | 6% |
| Answer» E. | |
| 26. |
A certain amount of money at r%, compounded annually after two and three years becomes 1440 and 1728 respectively is |
| A. | 5 |
| B. | 10 |
| C. | 15 |
| D. | 20 |
| Answer» E. | |
| 27. |
An amount of money at compound interest grows up to 3,840 in 4 years and up to 3,936 in 5 years. Find the rate of interest. |
| A. | 2.5% |
| B. | 2% |
| C. | 3.5% |
| D. | 2.05% |
| Answer» B. 2% | |
| 28. |
A certain sum of money amounts to 2,420 in 2 years and 2,662 in 3 years at some rate of compound interest, compounded annually. The rate of interest per annum is |
| A. | 6% |
| B. | 8% |
| C. | 9% |
| D. | 10% |
| Answer» E. | |
| 29. |
Rs. 16,820 is divided between two brothers of age 27 years and 25 years. They invested their money at 5% per annum compound interest in such a way that both will receive equal money at the age of 40 years. The share (in Rs.) of elder brother is |
| A. | 8,280 |
| B. | 8,410 |
| C. | 8,820 |
| D. | 8,000 |
| Answer» D. 8,000 | |
| 30. |
A sum of money placed at compound interest doubles itself in 5 years. In how many years, it would amount to eight times of itself at the same rate of interest ? |
| A. | 10 years |
| B. | 15 years |
| C. | 7 years |
| D. | 20 years |
| Answer» C. 7 years | |
| 31. |
A sum of 210 was taken as a loan. This is to be paid back in two equal instalments. If the rate of interest be 10% compounded annually, then the value of each instalment is |
| A. | 127 |
| B. | 121 |
| C. | 210 |
| D. | 225 |
| Answer» C. 210 | |
| 32. |
A sum of money invested at compound interest doubles itself in 6 years. At the same rate of interest it will amount to eight times of itself in : |
| A. | 15 years |
| B. | 12 years |
| C. | 18 years |
| D. | 10 years |
| Answer» D. 10 years | |
| 33. |
A sum of money becomes eight times of itself in 3 years at compound interest. The rate of interest per annum is |
| A. | 100% |
| B. | 80% |
| C. | 20% |
| D. | 10% |
| Answer» B. 80% | |
| 34. |
If the amount is 33times the sum after 3 years at compound interest 8 |
| A. | 25% |
| B. | 50% |
| C. | <table><tr><td rowspan="2">16</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>2</center></td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">3</td></tr></table> |
| D. | <table><tr><td rowspan="2">33</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» C. <table><tr><td rowspan="2">16</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>2</center></td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">3</td></tr></table> | |
| 35. |
If a sum of money compounded annually becomes 1.44 times of itself in 2 years, then the rate of interest per annum is |
| A. | 25% |
| B. | 22% |
| C. | 21% |
| D. | 20% |
| Answer» E. | |
| 36. |
A sum of money at compound interest will amount to 650 at the end of the first year and 676 at the end of the second year. The amount of money is |
| A. | 1,300 |
| B. | 650 |
| C. | 1,250 |
| D. | 625 |
| Answer» E. | |
| 37. |
A sum of money amounts to 4,840 in 2 years and to 5,324 in 3 years at compound interest compounded annually. The rate of interest per annum is : |
| A. | 10% |
| B. | 9% |
| C. | 11% |
| D. | 8% |
| Answer» B. 9% | |
| 38. |
A sum becomes 4500 after two years and 6750 after four years at compound interest. The sum is |
| A. | 4000 |
| B. | 2500 |
| C. | 3000 |
| D. | 3050 |
| Answer» D. 3050 | |
| 39. |
A builder borrows 2550 to be paid back with compound interest at the rate of 4% per annum by the end of 2 years in two equal yearly instalments. How much will each instalment be ? |
| A. | 1352 |
| B. | 1377 |
| C. | 1275 |
| D. | 1283 |
| Answer» B. 1377 | |
| 40. |
A sum of money is invested at 20% compound interest (compounded annually). It would fetch Rs. 723 more in 2 years if interest is compounded half yearly. The sum is |
| A. | Rs.15,000 |
| B. | Rs.30,000 |
| C. | Rs.20,000 |
| D. | Rs.7,500 |
| Answer» C. Rs.20,000 | |
| 41. |
A loan of 12,300 at 5% per annum compound interest, is to be repaid in two equal annual |
| A. | 6,651 |
| B. | 6,615 |
| C. | 6,516 |
| D. | 6,156 |
| Answer» C. 6,516 | |
| 42. |
Kamal took 6800 as a loan which along with interest is to be repaid in two equal |
| A. | 8100 |
| B. | 4150 |
| C. | 4050 |
| D. | 4000 |
| Answer» D. 4000 | |
| 43. |
A sum amounts to 2916 in 2 yr and 3149.28 in 3 yr at compound interest. The sum is ? |
| A. | 1500 |
| B. | 2500 |
| C. | 2000 |
| D. | 3000 |
| Answer» C. 2000 | |
| 44. |
A man buys a scooter on making a cash down payment of 16224 and promises to pay two more yearly instalments of equivalent amount in next two years. If the rate of interest is 4% per annum, compounded yearly, the cash value of the scooter, is |
| A. | 40000 |
| B. | 46824 |
| C. | 46000 |
| D. | 50000 |
| Answer» C. 46000 | |
| 45. |
A sum of money becomes 1.331 times in 3 years as compound interest. The rate of interest is |
| A. | 8% |
| B. | 7.5% |
| C. | 10% |
| D. | 50% |
| Answer» D. 50% | |
| 46. |
A sum of money at compound interest amounts to thrice itself in 3 years. In how many years will it be 9 times itself ? |
| A. | 9 years |
| B. | 27 years |
| C. | 6 years |
| D. | 3 years |
| Answer» D. 3 years | |
| 47. |
A sum of money placed at compound interest doubles itself in 4 years. In how many years will it amount to four times itself ? |
| A. | 12 years |
| B. | 13 years |
| C. | 8 years |
| D. | 16 years |
| Answer» D. 16 years | |
| 48. |
A sum of money invested at compound interest amounts in 3 years to 2,400 and in 4 years to 2,520. The interest rate per annum is : |
| A. | 5% |
| B. | 6% |
| C. | 10% |
| D. | 12% |
| Answer» B. 6% | |
| 49. |
A sum of money invested at compound interest amounts to 650 at the end of first year and 676 at the end of second year. The sum of money is : |
| A. | 600 |
| B. | 540 |
| C. | 625 |
| D. | 560 |
| Answer» D. 560 | |
| 50. |
An amount of money appreciates to 7,000 after 4 years and to 10,000 after 8 years at a certain compound interest compounded annually. The initial amount of money was |
| A. | 4,700 |
| B. | 4,900 |
| C. | 4,100 |
| D. | 4,300 |
| Answer» C. 4,100 | |