MCQOPTIONS
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MCQOPTIONS
This section includes 134 Mcqs, each offering curated multiple-choice questions to sharpen your General Aptitude knowledge and support exam preparation. Choose a topic below to get started.
| 101. |
An amount of Rs. 10000 becomes Rs. 14641 in 2 years if the interest is compounded half yearly. What is the rate of compound interest p.c.p.a. ? |
| A. | 0% |
| B. | 2% |
| C. | 6% |
| D. | 0% |
| E. | one of these |
| Answer» E. one of these | |
| 102. |
A sum of Rs. 13360 was borrowed at $${\text{8}}\frac{3}{4}$$ % per annum compound interest and paid back in two years in two equal annual installments. What was the amount of each installment ? |
| A. | s. 5769 |
| B. | s. 7569 |
| C. | s. 7009 |
| D. | s. 7500 |
| Answer» C. s. 7009 | |
| 103. |
A man invests Rs 4000 for 3 years at compound interest. After one year the money amounts to Rs. 4320. What will be the amount (to the nearest rupee) due at the end of 3 years ? |
| A. | s. 4939 |
| B. | s. 5039 |
| C. | s. 5789 |
| D. | s. 6129 |
| Answer» C. s. 5789 | |
| 104. |
Kamal took Rs. 6800 as a loan which along with interest is to be repaid in two equal annual installment. If the rate of interest is $$12\frac{1}{2}$$ % compounded annually, then the value of each installment is=? |
| A. | s. 8100 |
| B. | s. 4150 |
| C. | s. 4050 |
| D. | s. 4000 |
| Answer» D. s. 4000 | |
| 105. |
A certain some of money and Rs. 2420 in 2 years and Rs. 2662 in 3 years at same rate of compound interest, compounded annually. The rate of interest per annum is=? |
| A. | % |
| B. | % |
| C. | % |
| D. | 0% |
| Answer» E. | |
| 106. |
There is 60%increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12000 after 3 years at the same rate ? |
| A. | s. 2160 |
| B. | s. 3120 |
| C. | s. 3972 |
| D. | s. 6240 |
| E. | one of these |
| Answer» D. s. 6240 | |
| 107. |
The 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. | s. 1550 |
| B. | s. 1650 |
| C. | s. 1750 |
| D. | s. 2000 |
| Answer» D. s. 2000 | |
| 108. |
An amount of Rs 6000 lent at 5%per annum compounded interest for 2 years will become=? |
| A. | s. 600 |
| B. | s. 6600 |
| C. | s. 6610 |
| D. | s. 6615 |
| Answer» E. | |
| 109. |
A loan of Rs. 12300 at 5%per annum compound interest, is to be repaid in two equal annual installments at the end of every year. Find the amount of each installment ? |
| A. | s. 6651 |
| B. | s. 6615 |
| C. | s. 6516 |
| D. | s. 6156 |
| Answer» C. s. 6516 | |
| 110. |
In how many years will a sum of Rs. 800 at 10%per annum compounded semi annually become Rs. 926.10? |
| A. | $1\frac{1}{3}$$ years |
| B. | $1\frac{1}{2}$$ years |
| C. | $2\frac{1}{3}$$ years |
| D. | $2\frac{1}{2}$$ years |
| Answer» C. $2\frac{1}{3}$$ years | |
| 111. |
Rs.2000 amounts to Rs. 2226.05 in 2 years at compound interest. What will be the rate of interest ? |
| A. | % |
| B. | .25% |
| C. | .5% |
| D. | % |
| Answer» D. % | |
| 112. |
The difference between compound and simple interest on a certain sum for 3 years at 5%per annum is Rs. 122. The sum is=? |
| A. | s. 16000 |
| B. | s. 15000 |
| C. | s. 12000 |
| D. | s. 10000 |
| Answer» B. s. 15000 | |
| 113. |
The compound interest on a certain sum of money at 5%per annum for 2 years is Rs 246. The simple interest on the same sum for 3 years at 6%per annum is=? |
| A. | s. 435 |
| B. | s. 450 |
| C. | s. 430 |
| D. | s. 432 |
| Answer» E. | |
| 114. |
The compound interest on Rs. 30000 at 7%per annum is Rs. 4347. The period (in years) is=? |
| A. | years |
| B. | ${\text{2}}\frac{1}{2}$$ years |
| C. | years |
| D. | years |
| Answer» B. ${\text{2}}\frac{1}{2}$$ years | |
| 115. |
The simple interest on a sum of money at 4%per annum for 2 years is Rs 80. The compound interest on the same sum for the same period is=? |
| A. | s. 82.60 |
| B. | s. 82.20 |
| C. | s. 81.80 |
| D. | s. 81.60 |
| Answer» E. | |
| 116. |
What is the difference between the compound interests on Rs. 5000 for $$1\frac{1}{2}$$ years at 4% per annum compounded yearly and half-yearly? |
| A. | s. 2.04 |
| B. | s. 3.06 |
| C. | s. 4.80 |
| D. | s. 8.30 |
| Answer» B. s. 3.06 | |
| 117. |
The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Rs. 1. The sum (in Rs.) is: |
| A. | 25 |
| B. | 30 |
| C. | 40 |
| D. | 50 |
| E. | one of these |
| Answer» B. 30 | |
| 118. |
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 | |
| 119. |
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 |
| Answer» B. 10 | |
| 120. |
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 |
| Answer» C. Rs. 3.75 | |
| 121. |
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 | |
| 122. |
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 | |
| 123. |
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 | |
| 124. |
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. | |
| 125. |
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 | |
| 126. |
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% | |
| 127. |
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 |
| Answer» D. Rs. 10483.20 | |
| 128. |
The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is: |
| A. | 2 |
| B. | 2(1/2) |
| C. | 3 |
| D. | 4 |
| Answer» B. 2(1/2) | |
| 129. |
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 |
| Answer» D. Rs. 6240 | |
| 130. |
What is the difference between the compound interests on Rs. 5000 for 1(1/2) 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 | |
| 131. |
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 | |
| 132. |
A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st 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 | |
| 133. |
Q: 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 | |
| 134. |
Q: On a certain sum of money, the difference between the compound interest for a year, payable half yearly, and the simple interest for a year is Rs. 56.If the rate of interest in both the cases is 16 %, then the sum is |
| A. | Rs. 8750 |
| B. | Rs. 5780 |
| C. | Rs. 1080 |
| D. | Rs. 7805 |
| Answer» B. Rs. 5780 | |