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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.
| 151. |
Find the interest on Rs.25000 at 12% p.a compounded annually for 3 years._x005F_x000D_ |
| A. | 9000 |
| B. | 9833.4 |
| C. | 10123.2 |
| D. | 10678.9 |
| Answer» D. 10678.9 | |
| 152. |
Find the finance charge for an average daily balance of $8431.10 with monthly interest rate of 1.4% |
| A. | 98.04 |
| B. | 88.04 |
| C. | 68.04 |
| D. | 118.04 |
| Answer» E. | |
| 153. |
Find the effective rate of interest for an investment that earns 5 1/2% per year, compounded continuously |
| A. | 0.0565 |
| B. | 0.0575 |
| C. | 0.0585 |
| D. | 0.0595 |
| Answer» B. 0.0575 | |
| 154. |
Find the compound interest to the nearest rupee on Rs.7500 for 2 years 4 months at 12% p.a. reckoned manually? |
| A. | 2284 |
| B. | 2176 |
| C. | 2097 |
| D. | 2235 |
| Answer» B. 2176 | |
| 155. |
Find the compound interest on Rs.16,000 at 20% per annum for 9 months, compounded quartely. |
| A. | Rs.2522 |
| B. | Rs.2422 |
| C. | Rs.3522 |
| D. | Rs.2322 |
| Answer» B. Rs.2422 | |
| 156. |
Find the compound interest on Rs. 62500 at 21% per annum for 1.5 years. |
| A. | Rs. 20695 |
| B. | Rs. 19687.5 |
| C. | Rs. 20687.5 |
| D. | Rs. 21638.5 |
| Answer» D. Rs. 21638.5 | |
| 157. |
Find the compound interest on Rs. 16,000 at 20% per annum for 9 months, compounded quarterly |
| A. | 2422 |
| B. | 2522 |
| C. | 2622 |
| D. | 2722 |
| Answer» C. 2622 | |
| 158. |
Find the compound interest on Rs. 10,000 in 2 years at 4% per annum, the interest being compounded half-yearly. |
| A. | 524.32 |
| B. | 624.32 |
| C. | 724.32 |
| D. | 824.32 |
| Answer» E. | |
| 159. |
Find the C.I. on Rs. 15,225 for 9 months at 16% per annum compounded quarterly ? |
| A. | Rs. 1911 |
| B. | Rs. 1909 |
| C. | Rs. 1901 |
| D. | Rs. 1907 |
| Answer» D. Rs. 1907 | |
| 160. |
Find the annual interest rate that produces $100,000 from $20,000 in 15 years. |
| A. | 0.0933 |
| B. | 0.1033 |
| C. | 0.1133 |
| D. | 0.1233 |
| Answer» D. 0.1233 | |
| 161. |
Find the compound interest on Rs. 6,500 for 4 years if the rate of interest is 10% p.a. for the first 2 years and 20% per annum for the next 2 years? |
| A. | Rs. 3845 |
| B. | Rs. 4826 |
| C. | Rs. 5142 |
| D. | Rs. 4415 |
| Answer» C. Rs. 5142 | |
| 162. |
Find compound interest on Rs. 8000 at 15% per annum for 2 years 4 months, compounded annually |
| A. | 2109 |
| B. | 3109 |
| C. | 4109 |
| D. | 6109 |
| Answer» C. 4109 | |
| 163. |
Find compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually. |
| A. | 612 |
| B. | 712 |
| C. | 812 |
| D. | 912 |
| Answer» B. 712 | |
| 164. |
Find compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually |
| A. | Rs.512 |
| B. | Rs.515 |
| C. | Rs.612 |
| D. | Rs.522 |
| Answer» D. Rs.522 | |
| 165. |
Example:Given an amount needed(future value) of $3300 in 4 years at an interest rate of 11% compounded anually,Find the present value and the amount of interest earned |
| A. | 1126.19 |
| B. | 1237 |
| C. | 2863 |
| D. | 1892 |
| Answer» B. 1237 | |
| 166. |
Divide Rs. 1301 between A and B, so that the amount of A after 7 years is equal to the amount of B after 9 years, the interest being compounded at 4% per annum. |
| A. | Rs.625 |
| B. | Rs.626 |
| C. | Rs.286 |
| D. | Rs.627 |
| Answer» B. Rs.626 | |
| 167. |
Determine the nominal rate of interest if:The periodic rate is 1.75% per quarter. |
| A. | 0.07 |
| B. | 0.08 |
| C. | 0.09 |
| D. | 0.1 |
| Answer» B. 0.08 | |
| 168. |
Determine the nominal rate of interest if:_x005F_x000D_ The periodic rate is 0.83% per month |
| A. | 0.07 |
| B. | 0.08 |
| C. | 0.09 |
| D. | 0.1 |
| Answer» E. | |
| 169. |
Compound interest on a certain sum of money at 20% per annum for 2 years is Rs.5995. What is the SI on the same money at 8% per annum for 6 years ? |
| A. | Rs. 5989 |
| B. | Rs. 6540 |
| C. | Rs. 7844 |
| D. | Rs. 6789 |
| Answer» C. Rs. 7844 | |
| 170. |
Calculate the principal if an amount of Rs. 441 is received on compound interest at the rate of 5% per annum after 2 years._x005F_x000D_ |
| A. | Rs.400 |
| B. | Rs.390 |
| C. | Rs.380 |
| D. | Rs.350 |
| Answer» B. Rs.390 | |
| 171. |
Compound interest on a certain sum for 2 years at the rate of 11% per annum is Rs 1160.5. What will be the simple interest (in Rs) for the same_x005F_x000D_ amount at the same rate of interest for 2 years?_x005F_x000D_ |
| A. | 9000 |
| B. | 1000 |
| C. | 1100 |
| D. | 1050 |
| Answer» D. 1050 | |
| 172. |
Compound interest earned on a sum for the second and the third years are Rs.1200 and Rs.1440 respectively. Find the rate of interest ? |
| A. | 20% p.a |
| B. | 15% p.a |
| C. | 18% p.a |
| D. | 24% p.a |
| Answer» B. 15% p.a | |
| 173. |
Calculate the periodic interest rate corresponding to:9.0% compounded quarterly |
| A. | 3.45 |
| B. | 2.25 |
| C. | 5.25 |
| D. | 6.25 |
| Answer» C. 5.25 | |
| 174. |
Calculate the future value of $3,000 invested at 7% for 5 years |
| A. | 4207.66 |
| B. | 5207 |
| C. | 4376 |
| D. | 5687 |
| Answer» B. 5207 | |
| 175. |
Calculate the effective interest rate compounded quarterly of a 13% annual rate. |
| A. | 0.1365 |
| B. | 0.14665 |
| C. | 0.1565 |
| D. | 0.1665 |
| Answer» B. 0.14665 | |
| 176. |
Calculate the effective interest rate of a 10% annual rate compounded continuously. |
| A. | 0.0952 |
| B. | 0.1052 |
| C. | 0.1152 |
| D. | 0.1252 |
| Answer» C. 0.1152 | |
| 177. |
Calculate the amount on Rs. 1875 for 2 year at 4% per annum, compounded yearly. |
| A. | Rs. 676 |
| B. | Rs. 776 |
| C. | Rs. 1778 |
| D. | Rs. 2028 |
| Answer» E. | |
| 178. |
At what rate of compound interest per annum will a sum of Rs 50000 become Rs 73205 in 2 years? |
| A. | 21 percent |
| B. | 19 percent |
| C. | 17 percent |
| D. | 15 percent |
| Answer» B. 19 percent | |
| 179. |
At what rate of compound interest per annum will a sum of Rs 20000 become Rs 23328 in 2 years? |
| A. | 8 percent |
| B. | 16 percent |
| C. | 24 percent |
| D. | 12 percent |
| Answer» B. 16 percent | |
| 180. |
At what rate of compound interest per annum will a sum of Rs 10000 become Rs 12321 in 2 years? |
| A. | 22 percent |
| B. | 11 percent |
| C. | 7 percent |
| D. | 15 percent |
| Answer» C. 7 percent | |
| 181. |
At what rate of compound interest (in %) per annum will a sum of Rs. 15,000 become Rs. 18,150 in 2 years? |
| A. | 11 |
| B. | 10 |
| C. | 9 |
| D. | 12 |
| Answer» C. 9 | |
| 182. |
At a certain rate of interest the compound interest of 3 years and simple interest of 5 years for certain sum of money is respectively Rs. 1513.2 and Rs. 2400. Find the common rate of interest per annum ? |
| A. | 0.05 |
| B. | 0.06 |
| C. | 0.04 |
| D. | 0.03 |
| Answer» B. 0.06 | |
| 183. |
At what rate of compound interest per annum will a sum of Rs 20000 become Rs 25088 in 2 years? |
| A. | 24 percent |
| B. | 8 percent |
| C. | 12 percent |
| D. | 16 percent |
| Answer» D. 16 percent | |
| 184. |
An article costs Rs 50 presently. The rate of inflation is 300%. What will be cost of this article after two years? |
| A. | Rs 200 |
| B. | Rs 600 |
| C. | Rs 800 |
| D. | Rs 1000 |
| Answer» D. Rs 1000 | |
| 185. |
Assume that money can be invested at 8% compounded quarterly,which is larger,$2500 now or $3800 in 5 years? |
| A. | 1557.29 |
| B. | 2557.29 |
| C. | 2567 |
| D. | 2457 |
| Answer» C. 2567 | |
| 186. |
At 3% annual interest compounded monthly, how long will it take to double your money? |
| A. | 20.1 |
| B. | 21.1 |
| C. | 22.1 |
| D. | 23.1 |
| Answer» E. | |
| 187. |
An amount of 5,000 is invested at a fixed rate of 8 per cent per annum. What amount will be the value of the investment in five years time, if the interest is compounded annually |
| A. | 7346.64 |
| B. | 8346 |
| C. | 3456 |
| D. | 4567 |
| Answer» B. 8346 | |
| 188. |
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. | alone sufficient while I alone not sufficient to answer |
| C. | Both I and II are not sufficient to answer |
| D. | Both I and II are necessary to answer |
| Answer» E. | |
| 189. |
Albert invested Rs. 8000 in a scheme for 2 years at compound interest rate 5% p.a. How much amount will Albert get on maturity of the fixed deposit  ? |
| A. | Rs. 8840 |
| B. | Rs. 8800 |
| C. | Rs. 8810 |
| D. | None |
| Answer» E. | |
| 190. |
A sum of Rs 8000 is borrowed at compound interest at the rate of 7% per annum. What will be the amount (in Rs) after 2 years?_x005F_x000D_ |
| A. | 1154.4_x005F_x000D_ |
| B. | 13600_x005F_x000D_ |
| C. | 9159.2_x005F_x000D_ |
| D. | 9428.6 |
| Answer» D. 9428.6 | |
| 191. |
A woman invests Rs. 2000 at the start of each year at 5% C.I. per annum. How much will her investments be at the end of the 2nd year? |
| A. | Rs. 4305 |
| B. | Rs. 430 |
| C. | Rs. 4355 |
| D. | Rs. 4350 |
| Answer» B. Rs. 430 | |
| 192. |
A sum of Rs 8000 becomes Rs 12500 in 2 years at a certain rate of compound interest. What will be the sum (in Rs) after 3 years?_x005F_x000D_ |
| A. | 13175_x005F_x000D_ |
| B. | 14225 |
| C. | 12575 |
| D. | 15625 |
| Answer» E. | |
| 193. |
A sum of Rs 6000 is borrowed at compound interest at the rate of 8% per annum. What will be the amount (in Rs) after 2 years?_x005F_x000D_ |
| A. | 6998.4 |
| B. | 6960 |
| C. | 6784.4 |
| D. | 6869.4 |
| Answer» B. 6960 | |
| 194. |
A sum of Rs. 8,000 is deposited for 3 years at 5% per annum compound interest (compounded annually). The difference of interest for 3 years and 2 years will be_x005F_x000D_ |
| A. | Rs. 387 |
| B. | Rs. 441 |
| C. | Rs. 469 |
| D. | Rs. 503 |
| Answer» C. Rs. 469 | |
| 195. |
A sum of Rs 6000 becomes Rs 7200 in 2 years, when invested in a scheme of simple interest. If the same sum is invested in a scheme of compound interest with same yearly interest rate (compounding of interest is done yearly), then what will be the amount (in Rs) after 3 years?_x005F_x000D_ |
| A. | 7434_x005F_x000D_ |
| B. | 8244_x005F_x000D_ |
| C. | 7864_x005F_x000D_ |
| D. | 7986 |
| Answer» E. | |
| 196. |
A sum of Rs 20000 becomes Rs 32000 in 12 years, when invested in a scheme of simple interest. If the same sum is invested in a scheme of compound interest with same yearly interest rate (compounding of interest is done yearly), then what will be the amount (in Rs) after 2 years?_x005F_x000D_ |
| A. | 21750 |
| B. | 22050 |
| C. | 23250 |
| D. | 24650 |
| Answer» C. 23250 | |
| 197. |
A sum of Rs 4000 becomes Rs 6000 in 1 year at a certain rate of compound interest. What will be the sum (in Rs) after 4 years? |
| A. | 16250 |
| B. | 12000 |
| C. | 20250 |
| D. | 19500 |
| Answer» D. 19500 | |
| 198. |
A sum of Rs 5000 becomes Rs 8000 in 3 years, when invested in a scheme of simple interest. If the same sum is invested in a scheme of compound interest with same yearly interest rate (compounding of interest is yearly), then what will be the amount (in Rs) after 3 years?_x005F_x000D_ |
| A. | 8640_x005F_x000D_ |
| B. | 8260_x005F_x000D_ |
| C. | 8880_x005F_x000D_ |
| D. | 9220 |
| Answer» B. 8260_x005F_x000D_ | |
| 199. |
A sum of Rs 4000 becomes Rs 5800 in 3 years, when invested in a scheme of simple interest. If the same sum is invested in a scheme of compound interest with same yearly interest rate (compounding of interest is done yearly), then what will be the amount (in Rs) after 2 years?_x005F_x000D_ |
| A. | 4430_x005F_x000D_ |
| B. | 5450_x005F_x000D_ |
| C. | 5290_x005F_x000D_ |
| D. | 4970 |
| Answer» D. 4970 | |
| 200. |
A sum of Rs 2500 becomes Rs 8100 in 2 years at a certain rate of compound interest. What will be the sum (in Rs) after 4 years?_x005F_x000D_ |
| A. | 29824 |
| B. | 36284 |
| C. | 41624 |
| D. | 26244 |
| Answer» E. | |