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.

I alone sufficient while II alone not sufficient to answer

II alone sufficient while I alone not sufficient to answer

Either I or II alone sufficient to answer

Both I and II are not sufficient to answer

Both I and II are necessary to answer

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%.

Both I and II are not sufficient to answer

I alone sufficient while II alone not sufficient to answer

II alone sufficient while I alone not sufficient to answer

Either I or II alone sufficient to answer

Both I and II are not sufficient to answer

Both I and II are necessary to answer

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

Both I and II are necessary to answer

I alone sufficient while II alone not sufficient to answer

II alone sufficient while I alone not sufficient to answer

Either I or II alone sufficient to answer

Both I and II are not sufficient to answer

Both I and II are necessary to answer

When principal=Rs. S, rate of interest=2r %p.a., then a person will get after 3 years at compound interest=?

${\text{Rs}}{\text{. S}}{\left( {1 + \frac{{\text{r}}}{{100}}} \right)^3}$$

${\text{Rs}}{\text{. }}\frac{{6{\text{Sr}}}}{{100}}$$

${\text{Rs}}{\text{. S}}{\left( {1 + \frac{{\text{r}}}{{50}}} \right)^3}$$

${\text{Rs}}{\text{. S}}{\left( {1 + \frac{{\text{r}}}{{100}}} \right)^3}$$

${\text{Rs}}{\text{. 3S}}{\left( {1 + \frac{{\text{r}}}{{100}}} \right)^3}$$

134 + Mcqs in Compound Interest in General Aptitude Page 1 McqOptions

1.	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

2.	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

3.	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

4.	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

5.	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

6.	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

7.	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

8.	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

9.	Calculate the compound interest on Rs. 4000 for 2 years at 20% per annum when compounded annually.
A.	1856.4
B.	1756.4
C.	1846.4
D.	1746.4
Answer» B. 1756.4

Discussion

10.	If the amount is Rs. 400 and Principal is Rs. 100 which is compounded half yearly for 1 year, calculate the rate of interest.
A.	10
B.	200
C.	2
D.	20
Answer» C. 2

Discussion

11.	Find the amount on Rs. 5000 at the rate of 20% per annum for 18 months when interest is compounded half yearly.
A.	6644
B.	6666
C.	6000
D.	6655
Answer» E.

Discussion

12.	Compute the compound interest on Rs. 16000 for 2 years 10% per annum when compounded half yearly.
A.	18600
B.	17640
C.	18640
D.	17600
Answer» C. 18640

Discussion

13.	Calculate the compound interest at the rate of 6% per annum for 2 years on the principle which in 2 years at the rate of 2% per annum gives Rs. 8000 as simple interest.
A.	50000
B.	49440
C.	59440
D.	49000
Answer» C. 59440

Discussion

14.	A farmer gets a loan of Rs. 100000 against his fixed deposits. If the rate of interest is 1.5 paise per rupee per annum, calculate the compound interest payable after 2 years.
A.	22250
B.	42250
C.	52250
D.	32250
Answer» E.

Discussion

15.	Vidhya lent Rs. 5000 to Kavya for 3 years at the rate of 5% per annum compound interest. Calculate the amount that Vidhya will get after 3 years.
A.	5789
B.	5788.12
C.	5788.13
D.	5788
Answer» D. 5788

Discussion

16.	Evaluate the compound interest on Rs. 10101 for 3 years at the rate of 9% per annum compounded annually.
A.	2980
B.	30000
C.	10101
D.	33333
Answer» B. 30000

Discussion

17.	Find the Compound Interest on Rs. 1000 for two years at 2% per annum.
A.	20
B.	20.5
C.	20.4
D.	20.6
Answer» D. 20.6

Discussion

18.	Calculate the simple interest if the principal amount is 50000 and the rate is 2% for 4 years.
A.	4000
B.	400
C.	40000
D.	40
Answer» B. 400

Discussion

19.	A man invested a sum of money at compound interest. It amounted to Rs. 2420 in 2 years and to Rs. 2662 in 3 years. Find the sum ?
A.	s. 1000
B.	s. 2000
C.	s. 5082
D.	s. 3000
Answer» C. s. 5082

Discussion

20.	The difference between CI and SI on a certain sum of money for 3 years at 5%p.a. is Rs. 122. Find the sum invested = ?
A.	s. 10000
B.	s. 12000
C.	s. 16000
D.	s. 20000
Answer» D. s. 20000

Discussion

21.	Shashi had a certain amount of money. He invested $$\frac{2}{3}$$ of the total money in scheme A for 6 years and rest of the money he invested in scheme B for 2 years. Scheme A offers simple interest at a rate of 12%p.a. and scheme B offers compound interest ( compound annually) at a rate of 10%p.a. If the total interest obtained from both the schemes is Rs. 2750. What was the total amount invested by him in scheme A and scheme B together ? (Approximate value)
A.	s. 4500
B.	s. 4200
C.	s. 4050
D.	s. 5000
Answer» E.

Discussion

22.	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.	s. 520
B.	s. 550
C.	s. 500
D.	s. 515
Answer» D. s. 515

Discussion

23.	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.	s. 7200
B.	s. 9600
C.	s. 16400
D.	s. 8400
Answer» D. s. 8400

Discussion

24.	The compound interest on Rs. 4000 for 4 years at 10%per annum will be=?
A.	s. 1856.40
B.	s. 1600
C.	s. 1856
D.	s. 1756.60
Answer» B. s. 1600

Discussion

25.	The sum for 2 years given a compound interest of Rs. 3225 at 15%rate. Then the sum is=?
A.	s. 10000
B.	s. 20000
C.	s. 15000
D.	s. 32250
Answer» B. s. 20000

Discussion

26.	The difference between CI and SI for 3 years Rs. 992. If rate of interest is 10%. Find the Principal ?
A.	s. 22000
B.	s. 30000
C.	s. 28000
D.	s. 32000
Answer» E.

Discussion

27.	If the difference between the compound interest and simple interest on a certain sum at the rate of 5%per annum for 2 years is Rs. 20, then the sum is=?
A.	s. 2000
B.	s. 4000
C.	s. 6000
D.	s. 8000
Answer» E.

Discussion

28.	The compound interest on a certain sum of money for 2 years at 10%per annum is Rs. 525.The simple interest on the same sum of money for double the time at half the rate percent per annum is ?
A.	s. 1000
B.	s. 500
C.	s. 200
D.	s. 800
Answer» C. s. 200

Discussion

29.	The compound interest on a sum of Rs 5000 at 8%per annum for 9 months when interest is compounded quarterly is=?
A.	s. 300
B.	s. 300.12
C.	s. 306.04
D.	s. 308
Answer» D. s. 308

Discussion

30.	On a certain sum of money, the simple interest for 2 years is Rs 350 at the rate of 4%per annum. If it was invested at compound interest at the same rate for the same duration as before, how much more interest would be earned?
A.	s. 3.50
B.	s. 7
C.	s. 14
D.	s. 35
Answer» C. s. 14

Discussion

31.	A sum of Rs. 5324 is accumulated in 3 years at 10%compound interest, What is the original amount =?
A.	s. 2000
B.	s. 4000
C.	s. 6000
D.	s. 3000
Answer» C. s. 6000

Discussion

32.	On what sum of money will the difference between simple interest and compound interest for 2 years at 5%per annum be equal to Rs. 63 ?
A.	s. 24600
B.	s. 24800
C.	s. 25200
D.	s. 25500
Answer» D. s. 25500

Discussion

33.	At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years ?
A.	.5%
B.	.5%
C.	%
D.	.5%
Answer» D. .5%

Discussion

34.	When principal=Rs. S, rate of interest=2r %p.a., then a person will get after 3 years at compound interest=?
A.	${\text{Rs}}{\text{. }}\frac{{6{\text{Sr}}}}{{100}}$$
B.	${\text{Rs}}{\text{. S}}{\left( {1 + \frac{{\text{r}}}{{50}}} \right)^3}$$
C.	${\text{Rs}}{\text{. S}}{\left( {1 + \frac{{\text{r}}}{{100}}} \right)^3}$$
D.	${\text{Rs}}{\text{. 3S}}{\left( {1 + \frac{{\text{r}}}{{100}}} \right)^3}$$
Answer» C. ${\text{Rs}}{\text{. S}}{\left( {1 + \frac{{\text{r}}}{{100}}} \right)^3}$$

Discussion

35.	In what time will Rs 64000 amounts to Rs 68921 at 5%per annum interest being compounded half yearly ?
A.	$1\frac{1}{2}$$ years
B.	years
C.	years
D.	$2\frac{1}{2}$$ years
Answer» B. years

Discussion

36.	The sum of money which when given on compound interest at 18%per annum would fetch Rs 960 more when the interest is payable half-yearly then when it was payable annually for 2 years is=?
A.	s. 60000
B.	s. 30000
C.	s. 40000
D.	s. 50000
Answer» E.

Discussion

37.	One can purchase a flat from a house building society for Rs. 55000 cash or on the terms that he should pay Rs. 4275 as cash down payment and get the rest in three equal installments. The society charges interest at the rate of 16%per annum compounded half-yearly. If the flat is purchased under installment plan, find the value of each installment ?
A.	s. 18756
B.	s. 19292
C.	s. 19683
D.	s. 20285
Answer» D. s. 20285

Discussion

38.	Find the rate percent per annum if Rs. 2000 amounts to Rs. 2315.25 in one and half years interest being compounded half yearly.
A.	0%
B.	1.5%
C.	%
D.	0%
Answer» B. 1.5%

Discussion

39.	A certain sum will amount to Rs 12100 in 2 years at 10%per annum of compound interest, interest being compounded annually. The sum is=?
A.	s. 12000
B.	s. 6000
C.	s. 8000
D.	s. 10000
Answer» E.

Discussion

40.	A sum of Rs 210 was taken as a loan. This is to be paid back in two equal installments. If the rate of interest be 10%compounded annually, then the value of each installment is=?
A.	s. 127
B.	s. 121
C.	s. 210
D.	s. 225
Answer» C. s. 210

Discussion

41.	Under the Rural Housing Scheme, the Delhi Development Authority (DDA) allotted a house to Kamal Raj for Rs. 126100. This payment is to be made in three equal annual instalments. If the money is reckoned at 5%per annum compound interest, then how much is to be paid by Kamal Raj in each instalment ?
A.	s. 45205
B.	s. 46305
C.	s. 47405
D.	s. 48505
Answer» C. s. 47405

Discussion

42.	A sum of money lent out at compound interest increases in value by 50%in 5 years. A person wants to lend three different sums x, y and z for 10, 15 and 20 years respectively at the above rate in such a way that he gets back equal sums at the end of their respective periods. The ratio x : y : z is = ?
A.	: 9 : 4
B.	: 4 : 6
C.	: 6 : 4
D.	: 4 : 9
Answer» D. : 4 : 9

Discussion

43.	The compound interest on a certain sum of money for 2 years at 5%per annum is Rs 410. The simple interest on the same sum at the same rate and for the same time is=?
A.	s. 400
B.	s. 300
C.	s. 350
D.	s. 405
Answer» B. s. 300

Discussion

44.	The compound interest on a certain sum of money for 2 years at 5%is Rs. 328, then the sum is=?
A.	s. 3000
B.	s. 3600
C.	s. 3200
D.	s. 3400
Answer» D. s. 3400

Discussion

45.	What does Rs. 250 amounts to in 2 years with compound interest at the rate of 4%in the 1st year and 8%in the second year ?
A.	s. 280
B.	s. 280.80
C.	s. 468
D.	s. 290.80
Answer» C. s. 468

Discussion

46.	A finance company declares that, at a certain compound interest rate, a sum of money deposited by anyone will become 8 times in 3 years. If the same amount is deposited at the same compound rate of interest, then in how many years will it become 16 times ?
A.	years
B.	years
C.	years
D.	years
Answer» B. years

Discussion

47.	A sum of money is compound interest became doubles itself in 15 years. It will become eight times of itself in=?
A.	5 years
B.	8 years
C.	4 years
D.	0 years
Answer» B. 8 years

Discussion

48.	A sum becomes Rs. 2916 in 2 years at 8%per annum compound interest. The simple interest at 9%per annum for 3 years on the same amount will be=?
A.	s. 600
B.	s. 675
C.	s. 650
D.	s. 625
Answer» C. s. 650

Discussion

49.	If the compound interest on a certain sum for two years at 12%per annum is Rs. 2544, the simple interest on it at the same rate for 2 years will be=?
A.	s. 2400
B.	s. 2500
C.	s. 2480
D.	s. 2440
Answer» B. s. 2500

Discussion

50.	The compound interest on Rs. 5000 for 3 years at 10%p.a. will amount to=?
A.	s. 1654
B.	s. 1655
C.	s. 1600
D.	s. 1565
Answer» C. s. 1600

Discussion

Explore topic-wise MCQs in General Aptitude.

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.

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.

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 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%.

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

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

Calculate the compound interest on Rs. 4000 for 2 years at 20% per annum when compounded annually.

If the amount is Rs. 400 and Principal is Rs. 100 which is compounded half yearly for 1 year, calculate the rate of interest.

Find the amount on Rs. 5000 at the rate of 20% per annum for 18 months when interest is compounded half yearly.

Compute the compound interest on Rs. 16000 for 2 years 10% per annum when compounded half yearly.

Calculate the compound interest at the rate of 6% per annum for 2 years on the principle which in 2 years at the rate of 2% per annum gives Rs. 8000 as simple interest.

A farmer gets a loan of Rs. 100000 against his fixed deposits. If the rate of interest is 1.5 paise per rupee per annum, calculate the compound interest payable after 2 years.

Vidhya lent Rs. 5000 to Kavya for 3 years at the rate of 5% per annum compound interest. Calculate the amount that Vidhya will get after 3 years.

Evaluate the compound interest on Rs. 10101 for 3 years at the rate of 9% per annum compounded annually.

Find the Compound Interest on Rs. 1000 for two years at 2% per annum.

Calculate the simple interest if the principal amount is 50000 and the rate is 2% for 4 years.

A man invested a sum of money at compound interest. It amounted to Rs. 2420 in 2 years and to Rs. 2662 in 3 years. Find the sum ?

The difference between CI and SI on a certain sum of money for 3 years at 5%p.a. is Rs. 122. Find the sum invested = ?

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 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 ?

The compound interest on Rs. 4000 for 4 years at 10%per annum will be=?

The sum for 2 years given a compound interest of Rs. 3225 at 15%rate. Then the sum is=?

The difference between CI and SI for 3 years Rs. 992. If rate of interest is 10%. Find the Principal ?

If the difference between the compound interest and simple interest on a certain sum at the rate of 5%per annum for 2 years is Rs. 20, then the sum is=?

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

The compound interest on a sum of Rs 5000 at 8%per annum for 9 months when interest is compounded quarterly is=?

On a certain sum of money, the simple interest for 2 years is Rs 350 at the rate of 4%per annum. If it was invested at compound interest at the same rate for the same duration as before, how much more interest would be earned?

A sum of Rs. 5324 is accumulated in 3 years at 10%compound interest, What is the original amount =?

On what sum of money will the difference between simple interest and compound interest for 2 years at 5%per annum be equal to Rs. 63 ?

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

When principal=Rs. S, rate of interest=2r %p.a., then a person will get after 3 years at compound interest=?

In what time will Rs 64000 amounts to Rs 68921 at 5%per annum interest being compounded half yearly ?

The sum of money which when given on compound interest at 18%per annum would fetch Rs 960 more when the interest is payable half-yearly then when it was payable annually for 2 years is=?

Find the rate percent per annum if Rs. 2000 amounts to Rs. 2315.25 in one and half years interest being compounded half yearly.

A certain sum will amount to Rs 12100 in 2 years at 10%per annum of compound interest, interest being compounded annually. The sum is=?

A sum of Rs 210 was taken as a loan. This is to be paid back in two equal installments. If the rate of interest be 10%compounded annually, then the value of each installment is=?

Under the Rural Housing Scheme, the Delhi Development Authority (DDA) allotted a house to Kamal Raj for Rs. 126100. This payment is to be made in three equal annual instalments. If the money is reckoned at 5%per annum compound interest, then how much is to be paid by Kamal Raj in each instalment ?

The compound interest on a certain sum of money for 2 years at 5%per annum is Rs 410. The simple interest on the same sum at the same rate and for the same time is=?

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

What does Rs. 250 amounts to in 2 years with compound interest at the rate of 4%in the 1st year and 8%in the second year ?

A finance company declares that, at a certain compound interest rate, a sum of money deposited by anyone will become 8 times in 3 years. If the same amount is deposited at the same compound rate of interest, then in how many years will it become 16 times ?

A sum of money is compound interest became doubles itself in 15 years. It will become eight times of itself in=?

A sum becomes Rs. 2916 in 2 years at 8%per annum compound interest. The simple interest at 9%per annum for 3 years on the same amount will be=?

If the compound interest on a certain sum for two years at 12%per annum is Rs. 2544, the simple interest on it at the same rate for 2 years will be=?

The compound interest on Rs. 5000 for 3 years at 10%p.a. will amount to=?