99 + Mcqs in General Page 2 McqOptions

51.	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

52.	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

53.	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

54.	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

55.	A sum of money place at compound interest doubles itself in 4 years. In how many years will it amount to eight times itself?
A.	16
B.	8
C.	12
D.	20
Answer» D. 20

Discussion

56.	The C.I. on a certain sum for 2 years Rs.41 and the simple interest is Rs.40. What is the rate percent?
A.	4%
B.	5%
C.	6%
D.	8%
Answer» C. 6%

Discussion

57.	The sum of money at compound interest amounts to thrice itself in 3 years. In how many years will it be 9 times itself?
A.	18
B.	12
C.	9
D.	6
Answer» E.

Discussion

58.	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

59.	Simple interest on a sum at 4% per annum for 2 years is Rs.80. The C.I. on the same sum for the same period is?
A.	Rs.81.60
B.	Rs.160
C.	Rs.1081.60
D.	Rs.99
Answer» B. Rs.160

Discussion

60.	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

61.	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

62.	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

63.	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

64.	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

Discussion

65.	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

66.	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

67.	Find the principal amount invested if the difference between Compound Interest and Simple Interest obtained for 3 years at rate of interest of 25% is Rs. 320?
A.	Rs. 1550
B.	Rs. 1575.38
C.	Rs. 1525.50
D.	Rs. 1545.78
Answer» C. Rs. 1525.50

Discussion

68.	The difference between simple and compound interest on a certain sum of money for 2 years at 4 percent per annum is Re.1. The sum of money is
A.	Rs. 600
B.	Rs. 625
C.	Rs. 560
D.	Rs. 650
Answer» C. Rs. 560

Discussion

69.	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

70.	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.
B.	B.
C.	C.
D.	D.
Answer» D. D.

Discussion

71.	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.

Discussion

72.	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

Discussion

73.	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

Discussion

74.	The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:
A.	2
B.	3
C.	4
D.	5
Answer» B. 3

Discussion

75.	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

Discussion

76.	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.	8%
Answer» B. 6.5%

Discussion

77.	At the end of 2 years difference between simple and compound interest is Rs. 2166. If the principal is Rs. 60000, then what is the rate of interest?
A.	38%
B.	18%
C.	19%
D.	17%
Answer» D. 17%

Discussion

78.	If at same rate of interest, in 2 years, the simple interest is Rs. 40 and compound interest is Rs. 41, then what is the principal?
A.	Rs. 500
B.	Rs. 400
C.	Rs. 800
D.	Rs. 820
Answer» C. Rs. 800

Discussion

79.	When difference between compound and simple interest for three years is Rs. 122 at 5% rate per annum, the principal is ______
A.	Rs. 24400
B.	Rs. 14400
C.	Rs. 18000
D.	Rs. 16000
Answer» E.

Discussion

80.	Ramesh gets double the amount in 9 years when invested at compound interest. In how many years will the amount become four times itself?
A.	13.5 years
B.	27 years
C.	9 years
D.	18 years
Answer» E.

Discussion

81.	Sarang invested some money in HDFC at 3% rate of interest. What would be the corresponding simple interest if after 2 years, Sarang got Rs. 101.50 as compound interest?
A.	Rs. 1015
B.	Rs. 125
C.	Rs. 100
D.	Rs. 150
Answer» D. Rs. 150

Discussion

82.	Shamik had invested same amount of sums at simple as well as compound interest. The time period of both the sums was 2 years and rate of interest too was same 4% per annum. At the end, he found a difference of Rs. 50 in both the interests received. What were the sums invested?
A.	Rs. 32550
B.	Rs. 35750
C.	Rs. 30000
D.	Rs. 31250
Answer» E.

Discussion

83.	Raj has Rs. 1301 with him. He divided it amongst his sons Prakash and Prashant and asked them to invest it at 4% rate of interest compounded annually. It was seen that Prakash and Prashant got same amount after 17 and 19 years respectively. How much did Raj give to Prashant?
A.	Rs. 705
B.	Rs. 615
C.	Rs. 676
D.	Rs. 625
Answer» E.

Discussion

84.	A has two grandsons P and Q. 13 year old P gets some money from A s wealth and 14 year old Q gets rest of the money. But P and Q will get money only when they turn 25 years old. Till then the money is in a bank getting interest at rate 4% compounded annually. When both turn 25, they receive the same amount. How much had A given Q initially, if total money with A was Rs.25500?
A.	Rs. 12500
B.	Rs. 13000
C.	Rs. 15000
D.	Rs. 11500
Answer» C. Rs. 15000

Discussion

85.	What will be difference in population 3 years ago and 2 years ago of Devon village, whose current population is 100000 and which is increasing at a rate of 25% every year?
A.	15250
B.	13900
C.	16400
D.	12800
Answer» E.

Discussion

86.	Raju invested Rs. 77500 in ICICI bank. In two years how much compound interest will he get, if the first year rate of interest was 10% and second year had 2% more than first year?
A.	Rs. 17850
B.	Rs. 17980
C.	Rs. 18963
D.	Rs. 16880
Answer» C. Rs. 18963

Discussion

87.	A sum of money invested at compound interest amounts to Rs. 800 in 3 years and to Rs. 840 in 4 years. The rate of interest per annum is
A.	2(1/2)%
B.	4%
C.	5%
D.	6(2/3)%
Answer» D. 6(2/3)%

Discussion

88.	The population of a city is 50,000 at present. It increases at the rate of 10% per annum. What was its population 4 years ago from present?
A.	36, 561
B.	35, 450
C.	34,151
D.	33,333
Answer» D. 33,333

Discussion

89.	What will be ratio of simple to compound interest on two same sums invested in SBI 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

90.	If the C.I. on a sum for 2 years at 12 1/2 % per annum is Rs. 510, the S.I. on the same sum at the same rate for the same period of time is?
A.	Rs. 400
B.	Rs. 450
C.	Rs. 460
D.	Rs. 480
Answer» E.

Discussion

91.	The principal that amounts to Rs. 4913 in 3 years at 6 1/4 % per annum C.I. compounded annually, is?
A.	Rs. 3096
B.	Rs. 4076
C.	Rs. 4085
D.	Rs. 4096
Answer» E.

Discussion

92.	Find the C.I. 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

93.	The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period(in years) is?
A.	2
B.	3
C.	4
D.	5
Answer» B. 3

Discussion

94.	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

95.	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

96.	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

97.	A bank offers 5% C.I. 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

Discussion

98.	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

99.	Sam invested Rs. 15000 @ 10% per annum for one year. If the interest is compounded half-yearly, then the amount received by Sam at the end of the year will be?
A.	Rs. 16,500
B.	Rs. 16,525.50
C.	Rs. 16,537.50
D.	Rs. 18,150
Answer» D. Rs. 18,150

Discussion

Explore topic-wise MCQs in Compound Interest.

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 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 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?

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

A sum of money place at compound interest doubles itself in 4 years. In how many years will it amount to eight times itself?

The C.I. on a certain sum for 2 years Rs.41 and the simple interest is Rs.40. What is the rate percent?

The sum of money at compound interest amounts to thrice itself in 3 years. In how many years will it be 9 times itself?

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

Simple interest on a sum at 4% per annum for 2 years is Rs.80. The C.I. on the same sum for the same period is?

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?

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

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

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?

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:

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

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?

Find the principal amount invested if the difference between Compound Interest and Simple Interest obtained for 3 years at rate of interest of 25% is Rs. 320?

The difference between simple and compound interest on a certain sum of money for 2 years at 4 percent per annum is Re.1. The sum of money is

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?

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:

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

The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:

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?

The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:

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.?

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

At the end of 2 years difference between simple and compound interest is Rs. 2166. If the principal is Rs. 60000, then what is the rate of interest?

If at same rate of interest, in 2 years, the simple interest is Rs. 40 and compound interest is Rs. 41, then what is the principal?

When difference between compound and simple interest for three years is Rs. 122 at 5% rate per annum, the principal is ______

Ramesh gets double the amount in 9 years when invested at compound interest. In how many years will the amount become four times itself?

Sarang invested some money in HDFC at 3% rate of interest. What would be the corresponding simple interest if after 2 years, Sarang got Rs. 101.50 as compound interest?

Shamik had invested same amount of sums at simple as well as compound interest. The time period of both the sums was 2 years and rate of interest too was same 4% per annum. At the end, he found a difference of Rs. 50 in both the interests received. What were the sums invested?

Raj has Rs. 1301 with him. He divided it amongst his sons Prakash and Prashant and asked them to invest it at 4% rate of interest compounded annually. It was seen that Prakash and Prashant got same amount after 17 and 19 years respectively. How much did Raj give to Prashant?

What will be difference in population 3 years ago and 2 years ago of Devon village, whose current population is 100000 and which is increasing at a rate of 25% every year?

Raju invested Rs. 77500 in ICICI bank. In two years how much compound interest will he get, if the first year rate of interest was 10% and second year had 2% more than first year?

A sum of money invested at compound interest amounts to Rs. 800 in 3 years and to Rs. 840 in 4 years. The rate of interest per annum is

The population of a city is 50,000 at present. It increases at the rate of 10% per annum. What was its population 4 years ago from present?

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

If the C.I. on a sum for 2 years at 12 1/2 % per annum is Rs. 510, the S.I. on the same sum at the same rate for the same period of time is?

The principal that amounts to Rs. 4913 in 3 years at 6 1/4 % per annum C.I. compounded annually, is?

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

The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period(in years) is?

The difference between simple and compound interest on Rs. 1200 for one year at 10% per annum reckoned half-yearly is?

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

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 bank offers 5% C.I. 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?

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?

Sam invested Rs. 15000 @ 10% per annum for one year. If the interest is compounded half-yearly, then the amount received by Sam at the end of the year will be?