Explore topic-wise MCQs in Testing Subject.

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1.

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
Discussion
2.

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
Discussion
3.

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
Discussion
4.

The difference between compound interest and simple interest at the same rate on Rs 5000 for 2 years is Rs 72. The rate of interest per annum is:___________?

A. 6%
B. 8%
C. 10%
D. 12%
Answer» E.
Discussion
5.

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half yearly is:_______?

A. Rs 6.06%
B. Rs 6.07%
C. Rs 6.08%
D. Rs 6.09%
Answer» E.
Discussion
6.

At what rate of interest will be Rs 20000 becomes Rs 24200 after 2 years when interest is compounded annually?

A. 5%
B. 6%
C. 10%
D. 15%
Answer» D. 15%
Discussion
7.

A sum of money deposited at C.I. amounts to Rs.2420 in 2 years and to Rs.2662 in 3 years. Find the rate percent?

A. 15%
B. 10%
C. 7 1/2 %
D. 8%
Answer» C. 7 1/2 %
Discussion
8.

Find the sum lend at C.I. at 5 p.c per annum will amount to Rs.441 in 2 years?

A. Rs.420
B. Rs.400
C. Rs.375
D. Rs.380
Answer» C. Rs.375
Discussion
9.

The difference between simple and compound interest (compounded-annually) on a sum of money for 2 years at 10% per annum is Rs 65. The sum is_________?

A. Rs 6500
B. Rs 6565
C. Rs 65065
D. Rs 65650
Answer» B. Rs 6565
Discussion
10.

A money lender borrows money at 4% P.a and pays interest at the end of the year. He lends it at 6% P.a compound interest compounded half-yearly and receives the interest at the end of the year. Thus be gains Rs 104.50 a year. The amount of money he borrows is_________?

A. Rs 4500
B. Rs 5000
C. Rs 5500
D. Rs 6000
Answer» C. Rs 5500
Discussion
11.

A man deposited Rs 6000 in a bank at 5% P.a simple interest another man deposits Rs 5000 at 8% P.a Compounded interest. After 2 years the difference of their interest will be_________?

A. Rs 230
B. Rs 232
C. Rs 600
D. Rs 832
Answer» C. Rs 600
Discussion
12.

A sum of money is put out at compound interest for 2 years at 20%. It would fetch Rs.482 more if the interest were payable half-yearly, then it were pay able yearly. Find the sum.

A. Rs.4000
B. Rs.1000
C. Rs.1250
D. Rs.2000
Answer» E.
Discussion
13.

Find the sum The difference between the compound and S.I. on a certain sum of money for 2 years at 10% per annum is Rs.15of money?

A. 1500
B. 1800
C. 2100
D. 1950
Answer» B. 1800
Discussion
14.

The difference between the compound interest compounded annually and simple interest for 2 years at 20% per annum is Rs.144. Find the principal?

A. Rs.3000
B. Rs.3300
C. Rs.3600
D. Rs.3900
Answer» D. Rs.3900
Discussion
15.

Find the least number of complete years in which a sum of money put out at 25% compound interest will be more than double of itself?

A. 6 years
B. 1 year
C. 2 years
D. 4 years
Answer» E.
Discussion
16.

The difference between compound and simple interest on a certain sum of money for 3 years at 6 2/3% p.a is Rs.184. Find the sum?

A. Rs.12000
B. Rs.14200
C. Rs.17520
D. Rs.13500
Answer» E.
Discussion
17.

The difference between simple interest and C.I. at the same rate for Rs.5000 for 2 years in Rs.72. The rate of interest is?

A. 10%
B. 12%
C. 6%
D. 8%
Answer» C. 6%
Discussion
18.

A property decreases in value every year at the rate of 6 1/4% of its value at the beginning of the year its value at the end of 3 years was Rs.21093. Find its value at the beginning of the first year?

A. Rs.25600.24
B. Rs.32000.50
C. Rs.18060.36
D. Rs.18600
Answer» B. Rs.32000.50
Discussion
19.

The population of a city increases at the rate of 4% p.a. but there is an additional annual increase of 1% in the population due to some job seekers. The percentage increase in the population after 2 years is_________?

A. 10
B. 11
C. 10.25
D. 10.15
Answer» D. 10.15
Discussion
20.

A sum amount to Rs.1344 in two years at simple interest. What will be the compound interest on the same sum at the same rate of interest for the same period?

A. Rs.150
B. Rs.140
C. Rs.130
D. Data insufficient for the answer
Answer» E.
Discussion
21.

The compound interest accrued on an amount of Rs.44000 at the end of two years is Rs.1193.60. What would be the simple interest accrued on the same amount at the same rate in the same period?

A. Rs.10,840
B. Rs.10,720
C. Rs.10,560
D. Rs.10,280
E. None of these.
Answer» D. Rs.10,280
Discussion
22.

A money lender lends Rs.2000 for six months at 20% p.a. rate. It the interest is reckoned quarterly than find the amount given after time limit.

A. Rs.2205
B. Rs.2200
C. Rs.2160
D. Rs.2040
Answer» B. Rs.2200
Discussion
23.

How much more would Rs.20000 fetch, after two years, if it is put at 20% p.a. compound interest payable half yearly than if is put at 20% p.a. compound interest payable yearly?

A. Rs.482
B. Rs.424
C. Rs.842
D. Rs.512
Answer» B. Rs.424
Discussion
24.

In one year, the population, of a village increased by 10% and in the next year, it decreased by 10%. If at the end of 2nd year, the population was 7920, what was it in the beginning?

A. 8500
B. 8000
C. 8100
D. 8400
Answer» C. 8100
Discussion
25.

A sum of Rs.4800 is invested at a compound interest for three years, the rate of interest being 10% p.a., 20% p.a. and 25% p.a. for the 1st, 2nd and the 3rd years respectively. Find the interest received at the end of the three years.

A. Rs.2520
B. Rs.3120
C. Rs.3320
D. Rs.2760
E. None of these
Answer» C. Rs.3320
Discussion
26.

The simple interest accrued on an amount of Rs.49500 at he end of three is Rs.17820. What would be the compound interest accured on the same amount at teh same rate in the same period? (Round off your answer to two decimal places)

A. Rs.20043.94
B. Rs.18654.81
C. Rs.20264.46
D. Rs.19612.41
E. None of these
Answer» B. Rs.18654.81
Discussion
27.

A man gets a simple interest of Rs.500 on a certain principal at the rate of 5% p.a in two years. Find the compound interest the man will get on twice the principal in two years at the same rate.

A. Rs.500
B. Rs.250
C. Rs.5012.50
D. Rs.5062.50
E. None of these.
Answer» F.
Discussion
28.

Jameel invested an amount of Rs.17400 for two years. Find the rate of compound interest that will fetch him an amount of Rs.1783.50 at the end of two years?

A. 8% p.a.
B. 6% p.a.
C. 4% p.a.
D. 5% p.a.
E. None of these
Answer» E. None of these
Discussion
29.

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. 18% p.a.
B. 22% p.a.
C. 20% p.a.
D. 24% p.a.
E. None of these.
Answer» D. 24% p.a.
Discussion
30.

Find the compound interest accrued on an amount of Rs.14,800 at 13.5% p.a at the end of two years. (Round off your answer to nearest integer)

A. Rs.4273
B. Rs.4613
C. Rs.4064
D. Rs.4266
E. None of these
Answer» E. None of these
Discussion
31.

Find the C.I. on a sum of Rs.1600 for 9 months at 20% per annum, interest being compounded quarterly?

A. Rs.17684
B. Rs.1684
C. Rs.2522
D. Rs.3408
Answer» D. Rs.3408
Discussion
32.

What is the difference between the C.I. 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
Discussion
33.

If Rs.7500 are borrowed at C.I 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.
Discussion
34.

Rajan borrowed Rs.4000 at 5% p.a compound interest. After 2 years, he repaid Rs.2210 and after 2 more year, the balance with interest. What was the total amount that he paid as interest?

A. Rs.635.50
B. Rs.613.50
C. Rs.675.50
D. Rs.653.50
Answer» B. Rs.613.50
Discussion
35.

Find the compound interest and the amount on Rs.8000 at 5% per annum for 3 years when C.I is reckoned yearly?

A. Rs.1261
B. Rs.1440
C. Rs.1185
D. Rs.1346
Answer» B. Rs.1440
Discussion
36.

At the end of three years what will be the compound interest at the rate of 10% p.a. on an amount of Rs.20000?

A. Rs.6620
B. Rs.6500
C. Rs.6800
D. Rs.6400
Answer» B. Rs.6500
Discussion
37.

The compound interest earned by Sunil on a certain amount at the end of two years at the rate of 8% p.a. was Rs.2828.80. Find the total amount that Sunil got back at the end of two years in the form of principal plus interest earned.

A. Rs.18,828.80
B. Rs.19,828.80
C. Rs.18,028.80
D. Rs.17,828.80
E. None of these
Answer» C. Rs.18,028.80
Discussion
38.

Find out the C.I on Rs.5000 at 4% p.a. compound half-yearly for 1 1/2 years.

A. Rs.420.20
B. Rs.319.06
C. Rs.306.04
D. Rs.294.75
Answer» D. Rs.294.75
Discussion
39.

What amount does Kiran get if he invests Rs.8000 at 10% p.a. compound interest for two years, compounding done annually?

A. Rs.9630
B. Rs.9680
C. Rs.9610
D. Rs.9650
E. None of these
Answer» F.
Discussion
40.

Find the amount on Rs.5000 in 2 years, the rate of interest being 4% per first year and 5% for the second year?

A. Rs.460
B. Rs.5640
C. Rs.5460
D. Rs.5604
Answer» D. Rs.5604
Discussion
41.

Rs.8000 become Rs.9261 in a certain interval of time at the rate of 5% per annum of C.I. Find the time?

A. 4 years
B. 6 years
C. 2 years
D. 3 years
Answer» E.
Discussion
42.

What will be the difference between simple and compound interest at 10% per annum on a sum of Rs. 1000 after 4 years?

A. Rs. 31
B. Rs. 32.10
C. Rs. 40.40
D. Rs. 64.10
Answer» E.
Discussion
43.

Sehar gave Shazia Rs.1250 on compound interest for 2 years at 4% per annum. How much loss would Sehar has suffered had she given it to Shazia for 2 years at 4% per annum simple interest?

A. Rs.10
B. Rs.2
C. Rs.5
D. Rs.3
Answer» C. Rs.5
Discussion
44.

Every year an amount increases by 1/8th of itself. How much will it be after two years if its present value is Rs.64000?

A. Rs.81000
B. Rs.80000
C. Rs.75000
D. Rs.64000
Answer» B. Rs.80000
Discussion
45.

What will be ratio of simple to compound interest on two same sums invested in SBP at rate of interest of 8% kept for 3 years?

A. 1875/2029
B. 1/2.5
C. 1903/2156
D. 4/9
Answer» B. 1/2.5
Discussion
46.

Find the amount on Rs.8000 in 9 months at 20% per annum, if the interest being compounded quarterly?

A. Rs.1261
B. Rs.9261
C. Rs.9621
D. Rs.9162
Answer» C. Rs.9621
Discussion
47.

What sum of money put at C.I amounts in 2 years to Rs.8820 and in 3 years to Rs.9261?

A. Rs.8000
B. Rs.8400
C. Rs.7500
D. None
Answer» B. Rs.8400
Discussion
48.

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 sum at the rate and for the same time?

A. Rs. 51.25
B. Rs. 52
C. Rs. 54.25
D. Rs. 60
Answer» B. Rs. 52
Discussion
49.

The difference between simple and compound interest 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
Discussion
50.

Find the Compound Interest on Rs. 15,625 for 9 months at 16% per annum compounded quarterly?

A. Rs. 1851
B. Rs. 1941
C. Rs. 1951
D. Rs. 1961
Answer» D. Rs. 1961
Discussion