1502 + Mcqs in Simple Interest Page 14 McqOptions

651.	An amount is deposited at 8% p.a. compound interest. If the first year interest is Rs. 72, find the interest amount for the 2nd year.
A.	Rs. 77.56
B.	Rs. 77.64
C.	Rs. 77.76
D.	Rs. 85.77
Answer» D. Rs. 85.77

Discussion

652.	If the interest on money be 1 paisa per rupee per month, what is the rate per cent per annum?
A.	12%
B.	15%
C.	10%
D.	1%
Answer» B. 15%

Discussion

653.	If interest being compound annually then what sum will amount to Rs. 2508.8 in 2 years at the rate of 12% per annum at compound interest?
A.	2000
B.	2200
C.	1800
D.	2500
Answer» B. 2200

Discussion

654.	On an amount, simple interest received at the annual rate of 15 percent for 8 years is Rs. 14400. What will be the compound interest on same amount at the annual rate of 20 percent compounding annually for 2 years ?
A.	Rs. 5480
B.	Rs. 5570
C.	Rs. 5280
D.	Rs. 5680
Answer» D. Rs. 5680

Discussion

655.	A sum of Rs. 12,000 deposited at compound interest becomes double after 5 years. After 20 years, it will become
A.	Rs. 96,000
B.	Rs. 1,20,000
C.	Rs. 1,24,000
D.	Rs. 1,92,000
Answer» E.

Discussion

656.	Koushik deposits an amount of Rs. 25,000 at a bank on 7% rate of interest compounded annually for 2 years. What is the total amount he will receive at the end of 2 years?
A.	Rs. 28,622.5
B.	Rs. 28,600.5
C.	Rs. 28,620
D.	Rs. 28,000
Answer» B. Rs. 28,600.5

Discussion

657.	A farmer borrowed Rs 2400 at 12% interest per annum. At the end of 2.5 years, he cleared his account by paying Rs 1200 and a cow. Find the cost of the cow.
A.	3120
B.	1640
C.	1200
D.	1920
Answer» E.

Discussion

658.	A person invested a sum of Rs. 10,500 at x% per annum at simple interest and a sum of Rs. 13,500 at (x + 2)% p.a. at simple interest. If the total interest earned on both the investments for 3 years is Rs. 7,650, then the rate of interest on the first investment is:
A.	8.5%
B.	8%
C.	9%
D.	9.5%
Answer» E.

Discussion

659.	If a sum becomes 4 times in 20 years what is the rate of simple interest given?
A.	15%
B.	20%
C.	\(13\frac{1}{3}\%\)
D.	10%
Answer» B. 20%

Discussion

660.	Ms. Deksha borrowed Rs. 575 at 5% per annum simple interest. What amount (in rupees) will she pay to clear her debt after 4 years?
A.	690
B.	151
C.	960
D.	115
Answer» B. 151

Discussion

661.	A sum of Rs. 10,000 is invested at the rate of 8% per year for 12 months. What is Compound interest if interest is compounded half-yearly?
A.	Rs. 800
B.	Rs. 816
C.	Rs. 960
D.	Rs. 1060
Answer» C. Rs. 960

Discussion

662.	In how many years will Rs. 1,800 amount to Rs. 2,178 at 10% per annum when compounded annually?
A.	2.5
B.	3.5
C.	2
D.	3
Answer» D. 3

Discussion

663.	A sum of Rs. 7,500 amounts to Rs. 8,748 after 2 years at a certain compound interest rate per annum. What will be the simple interest on the same sum for 5 years at double the earlier interest rate?
A.	Rs. 8,000
B.	Rs. 6, 000
C.	Rs. 4,000
D.	Rs. 2,700
Answer» C. Rs. 4,000

Discussion

664.	A sum of money doubles itself in 4 years at simple interest, then find the rate of interest.
A.	20%
B.	25%
C.	12%
D.	18%
Answer» C. 12%

Discussion

665.	A certain sum amount to Rs. 6352.50 in \(2\frac{1}{2}\) years at 10% p.a. compound interest, interest compounded yearly. What will be the simple interest on the same sum for double the time at the same rate of interest?
A.	Rs. 2400
B.	Rs. 2480
C.	Rs. 2500
D.	Rs. 2560
Answer» D. Rs. 2560

Discussion

666.	A sum of Rs. 2000 is invested at compound interest (compounding annually). If the rate of interest is 10% per annum, then what will be the amount after 30 months?
A.	Rs. 2532
B.	Rs. 2524
C.	Rs. 2541
D.	Rs. 2538
Answer» D. Rs. 2538

Discussion

667.	A person borrowed a sum of Rs. X every year (for 3 years) at 10% compound interest (interest compounded annually). If at the end of 3 years, the total amount he had to pay was Rs. 36,410, then what is the value of X?
A.	Rs. 9,500
B.	Rs. 9,800
C.	Rs. 10,000
D.	Rs. 12,000
Answer» D. Rs. 12,000

Discussion

668.	If Rs. 600 amounts to Rs. 699.84 in two years, when it is compounded annually, then the rate of interest per annum is:
A.	10%
B.	8.5%
C.	8%
D.	9%
Answer» D. 9%

Discussion

669.	A sum amounts to Rs. 13760 after 3 years and Rs. 17200 after 6 years, when interest is compounded annually. How much will it amount to at the same rate of interest after 9 years?
A.	Rs. 20,600
B.	Rs. 20,900
C.	Rs. 21,500
D.	Rs. 21,600
Answer» D. Rs. 21,600

Discussion

670.	A sum of Rs. 6,600 amounts to Rs. 8,756 in \(4\frac{2}{3}\) years at x% p.a. simple interest. What will the same amounts to if invested at (x + 3)% p.a. for \(2\frac{1}{2}\)years, interest compounded yearly (nearest to Rs. 1)?
A.	Rs. 8,066
B.	Rs. 8,385
C.	Rs. 8,458
D.	Rs. 8,175
Answer» C. Rs. 8,458

Discussion

671.	In how many years will an amount be doubled at 28.75% annual rate of interest?
A.	3.90
B.	3.47
C.	6.00
D.	3.00
Answer» C. 6.00

Discussion

672.	A certain sum is lent at x % p.a simple interests for x/3 years. The simple interest on the sum is equal to one-third of the sum. The value of x is:
A.	6
B.	12
C.	9
D.	10
Answer» E.

Discussion

673.	In how much time (in years) will Rs. 8000 amount to Rs. 9600 at simple interest at the rate of 5% per annum?
A.	6
B.	4
C.	3
D.	2
Answer» C. 3

Discussion

674.	₹ 500 was invested at 12% per annum simple interest and a certain sum of money at 10% per annum simple interest. If the sum of the interests on both the sum after 4 years is ₹ 480, the other sum of money is:
A.	₹550
B.	₹450
C.	₹600
D.	₹750
Answer» D. ₹750

Discussion

675.	Divika invested ₹ 1200 for T years at a rate of interest of T% under simple interest. If she gets an interest of ₹ 432, what is the rate of interest?
A.	18%
B.	6%
C.	Cannot be determined
D.	3.6%
Answer» C. Cannot be determined

Discussion

676.	A certain sum (in Rs.) is invested at simple interest at y% per annum for \(3\frac{1}{2}\) years. Had it been invested at (y + 4)% per annum at simple interest, it would have fetched Rs. 4,452 more as interst. What is the sum?
A.	Rs. 31,800
B.	Rs.30,400
C.	Rs. 42,800
D.	Rs. 42, 400
Answer» B. Rs.30,400

Discussion

677.	Kirthi borrows a sum of Rupees 10,000 at a simple rate of 12% per annum for 7 years. Find the amount to be paid at the end of 7 years.
A.	Rs. 18,400
B.	Rs. 19,600
C.	Rs. 20,000
D.	Rs. 17,200
Answer» B. Rs. 19,600

Discussion

678.	If the rate of interest is 20% per annum and the amount of Rs. 15,000 is given at half-yearly compound interest, what will be the equivalent rate of simple interest for 1 year?
A.	21%
B.	23%
C.	20.4%
D.	20.6%
Answer» B. 23%

Discussion

679.	A sum of Rs. 12,000 is invested for 15 months at 10% per annum compounded half yearly. What is the percentage gain, at the end of 15 months, correct to one decimal place?
A.	13.0%
B.	13.1%
C.	12.8%
D.	12.9%
Answer» B. 13.1%

Discussion

680.	A sum of Rs. 1000 is invested on compound interest (compounding annually) for three years. If the rate of interest is 10% per annum for the first two years and 50% per annum for the third year, then what will be the interest?
A.	Rs. 756
B.	Rs. 655
C.	Rs. 612
D.	Rs. 815
Answer» E.

Discussion

681.	A certain principal invested in a scheme of compound interest. The amount obtained after 1 year is Rs. 3900 and the amount obtained after 2 years is Rs. 5070. What is the rate of interest (in percentage)?
A.	25
B.	30
C.	35
D.	37.5
Answer» C. 35

Discussion

682.	A sum of ₹ 4200 becomes ₹ 5082 in 3 years at a simple interest. What is the rate of interest per annum?
A.	8%
B.	9%
C.	5%
D.	7%
Answer» E.

Discussion

683.	At what rate per cent per annum will a sum of Rs. 15,625 amount to Rs. 21,952 in three years, if the interest is compounded annually?
A.	12%
B.	10%
C.	9%
D.	8%
Answer» B. 10%

Discussion

684.	A borrowed a sum of Rs. 3000 from his friend B on 31 December 2007 on the condition that he would return the same after one year with simple interest at 15% per annum. However, A gets into a position of returning the sum on 31 august 2008. How much amount had A to return to B?
A.	Rs. 3,300
B.	Rs. 3,305
C.	Rs. 3,200
D.	Rs. 3,310
Answer» B. Rs. 3,305

Discussion

685.	A sum becomes Rs. 108 at 4% simple interest rate in 2 years. Find the sum.
A.	98.6
B.	97.5
C.	98
D.	100
Answer» E.

Discussion

686.	Meena took a loan of Rs 8000 at 20 percent per annum compound interest compounded semi annually. She repaid the loan after two years. Had she repaid the loan after a year, how much money she could have saved?
A.	Rs. 3,505.5
B.	Rs. 2,300.2
C.	Rs. 2,800.8
D.	Rs. 2,032.8
Answer» E.

Discussion

687.	If the difference between SI and CI at 2% p.a. rate of interest for 3 years is Rs. 604, then find the sum.
A.	Rs. 1,00,000
B.	Rs. 4,00,000
C.	Rs. 2,00,000
D.	Rs. 5,00,000
Answer» E.

Discussion

688.	An amount doubles the rate of simple interest in 10 years. In how many years will it become 4 times the same rate of simple interest?
A.	20 years
B.	25 years
C.	30 years
D.	50 years
Answer» D. 50 years

Discussion

689.	A sum of money at simple interest amounts to Rs. 2,915 in 4 years and to Rs. 3,152 in 5 years. The sum is:
A.	Rs. 1,647
B.	Rs. 1,769
C.	Rs. 1,697
D.	Rs. 1,967
Answer» E.

Discussion

690.	A sum of Rs. 18,000 is lent at 10% p.a compound interest, compounded annually, what is the difference between the compound interest for 3rd year and 4th year?
A.	Rs. 217.80
B.	Rs. 220.60
C.	Rs. 215.40
D.	Rs. 221.80
Answer» B. Rs. 220.60

Discussion

691.	At a simple rate of interest, an amount of Rs.2100 becomes Rs. 2352 in 2 years. If the interest rate is decreased by 1% then what is the new interest in 2 years?
A.	Rs. 210
B.	Rs. 220
C.	Rs. 242
D.	Rs. 252
Answer» B. Rs. 220

Discussion

692.	If the compound interest is compounded half-yearly, then investing a certain sum at the rate of 10% per annum, the maturity amount after one year is ₹ 13,230. What is the sum?
A.	12,500
B.	12,000
C.	12,750
D.	12,250
Answer» C. 12,750

Discussion

693.	A sum of money invested at compound interest amounts to Rs. 4624 in 2 years and to Rs. 4913 in 3 years. The sum of money is
A.	Rs. 4240
B.	Rs. 4280
C.	Rs. 4096
D.	Rs. 4346
E.	Rs. 4406
Answer» D. Rs. 4346

Discussion

694.	A sum of Rs. 95 amounts to Rs. 105 in 3 years at a certain rate of simple interest. In 5 years, at the same rate of interest, what will a sum of Rs. 171 amount to:
A.	Rs. 201
B.	Rs. 175
C.	Rs. 215
D.	Rs. 189
Answer» B. Rs. 175

Discussion

695.	A sum of Rs. 20000 is invested for three years at compound interest. The rate of interest for first year is 20 percent per annum, for second year it is 15 percent per annum and for third years it is 10 percent per annum. Find the interest for the third year.
A.	Rs. 2760
B.	Rs. 2190
C.	Rs. 2620
D.	Rs. 2340
Answer» B. Rs. 2190

Discussion

696.	An amount is lent at 40% p.a. rate of interest compounded quarterly. Find the effective yearly rate of interest.
A.	46.41%
B.	45.8%
C.	47%
D.	44.3%
Answer» B. 45.8%

Discussion

697.	If a principal amount becomes Rs. 1,75,692 in 4 years with a compound interest rate of 10% per annum, the what is the value of principal amount?
A.	Rs. 111000
B.	Rs. 110000
C.	Rs. 120000
D.	Rs. 100000
Answer» D. Rs. 100000

Discussion

698.	A certain sum of money invested at compound interest, compounded annually, amounts to Rs. 338 at the rate of 4% per annum for 2 years. Find the sum.
A.	Rs. 320
B.	Rs. 315
C.	Rs. 318.52
D.	Rs. 312.50
Answer» E.

Discussion

699.	Equal principal is invested in schemes of compound interest and simple interest. The interest obtained in the compound interest and in the simple interest schemes after 2 years is Rs. 3520 and Rs. 3200 respectively. If the rate of interest is 20%, then what is the principal (in Rs.)?
A.	4000
B.	8000
C.	5000
D.	10000
Answer» C. 5000

Discussion

700.	A sum was put at simple interest at certain rate for 2 years. Had it been put at 1% higher rate of interest, it would have fetched Rs. 24 more. What is the sum?
A.	Rs. 500
B.	Rs. 600
C.	Rs. 800
D.	Rs. 1200
Answer» E.

Discussion

Explore topic-wise MCQs in General Aptitude.

An amount is deposited at 8% p.a. compound interest. If the first year interest is Rs. 72, find the interest amount for the 2nd year.

If the interest on money be 1 paisa per rupee per month, what is the rate per cent per annum?

If interest being compound annually then what sum will amount to Rs. 2508.8 in 2 years at the rate of 12% per annum at compound interest?

On an amount, simple interest received at the annual rate of 15 percent for 8 years is Rs. 14400. What will be the compound interest on same amount at the annual rate of 20 percent compounding annually for 2 years ?

A sum of Rs. 12,000 deposited at compound interest becomes double after 5 years. After 20 years, it will become

Koushik deposits an amount of Rs. 25,000 at a bank on 7% rate of interest compounded annually for 2 years. What is the total amount he will receive at the end of 2 years?

A farmer borrowed Rs 2400 at 12% interest per annum. At the end of 2.5 years, he cleared his account by paying Rs 1200 and a cow. Find the cost of the cow.

A person invested a sum of Rs. 10,500 at x% per annum at simple interest and a sum of Rs. 13,500 at (x + 2)% p.a. at simple interest. If the total interest earned on both the investments for 3 years is Rs. 7,650, then the rate of interest on the first investment is:

If a sum becomes 4 times in 20 years what is the rate of simple interest given?

Ms. Deksha borrowed Rs. 575 at 5% per annum simple interest. What amount (in rupees) will she pay to clear her debt after 4 years?

A sum of Rs. 10,000 is invested at the rate of 8% per year for 12 months. What is Compound interest if interest is compounded half-yearly?

In how many years will Rs. 1,800 amount to Rs. 2,178 at 10% per annum when compounded annually?

A sum of Rs. 7,500 amounts to Rs. 8,748 after 2 years at a certain compound interest rate per annum. What will be the simple interest on the same sum for 5 years at double the earlier interest rate?

A sum of money doubles itself in 4 years at simple interest, then find the rate of interest.

A certain sum amount to Rs. 6352.50 in \(2\frac{1}{2}\) years at 10% p.a. compound interest, interest compounded yearly. What will be the simple interest on the same sum for double the time at the same rate of interest?

A sum of Rs. 2000 is invested at compound interest (compounding annually). If the rate of interest is 10% per annum, then what will be the amount after 30 months?

A person borrowed a sum of Rs. X every year (for 3 years) at 10% compound interest (interest compounded annually). If at the end of 3 years, the total amount he had to pay was Rs. 36,410, then what is the value of X?

If Rs. 600 amounts to Rs. 699.84 in two years, when it is compounded annually, then the rate of interest per annum is:

A sum amounts to Rs. 13760 after 3 years and Rs. 17200 after 6 years, when interest is compounded annually. How much will it amount to at the same rate of interest after 9 years?

A sum of Rs. 6,600 amounts to Rs. 8,756 in \(4\frac{2}{3}\) years at x% p.a. simple interest. What will the same amounts to if invested at (x + 3)% p.a. for \(2\frac{1}{2}\)years, interest compounded yearly (nearest to Rs. 1)?

In how many years will an amount be doubled at 28.75% annual rate of interest?

A certain sum is lent at x % p.a simple interests for x/3 years. The simple interest on the sum is equal to one-third of the sum. The value of x is:

In how much time (in years) will Rs. 8000 amount to Rs. 9600 at simple interest at the rate of 5% per annum?

₹ 500 was invested at 12% per annum simple interest and a certain sum of money at 10% per annum simple interest. If the sum of the interests on both the sum after 4 years is ₹ 480, the other sum of money is:

Divika invested ₹ 1200 for T years at a rate of interest of T% under simple interest. If she gets an interest of ₹ 432, what is the rate of interest?

A certain sum (in Rs.) is invested at simple interest at y% per annum for \(3\frac{1}{2}\) years. Had it been invested at (y + 4)% per annum at simple interest, it would have fetched Rs. 4,452 more as interst. What is the sum?

Kirthi borrows a sum of Rupees 10,000 at a simple rate of 12% per annum for 7 years. Find the amount to be paid at the end of 7 years.

If the rate of interest is 20% per annum and the amount of Rs. 15,000 is given at half-yearly compound interest, what will be the equivalent rate of simple interest for 1 year?

A sum of Rs. 12,000 is invested for 15 months at 10% per annum compounded half yearly. What is the percentage gain, at the end of 15 months, correct to one decimal place?

A sum of Rs. 1000 is invested on compound interest (compounding annually) for three years. If the rate of interest is 10% per annum for the first two years and 50% per annum for the third year, then what will be the interest?

A certain principal invested in a scheme of compound interest. The amount obtained after 1 year is Rs. 3900 and the amount obtained after 2 years is Rs. 5070. What is the rate of interest (in percentage)?

A sum of ₹ 4200 becomes ₹ 5082 in 3 years at a simple interest. What is the rate of interest per annum?

At what rate per cent per annum will a sum of Rs. 15,625 amount to Rs. 21,952 in three years, if the interest is compounded annually?

A borrowed a sum of Rs. 3000 from his friend B on 31 December 2007 on the condition that he would return the same after one year with simple interest at 15% per annum. However, A gets into a position of returning the sum on 31 august 2008. How much amount had A to return to B?

A sum becomes Rs. 108 at 4% simple interest rate in 2 years. Find the sum.

Meena took a loan of Rs 8000 at 20 percent per annum compound interest compounded semi annually. She repaid the loan after two years. Had she repaid the loan after a year, how much money she could have saved?

If the difference between SI and CI at 2% p.a. rate of interest for 3 years is Rs. 604, then find the sum.

An amount doubles the rate of simple interest in 10 years. In how many years will it become 4 times the same rate of simple interest?

A sum of money at simple interest amounts to Rs. 2,915 in 4 years and to Rs. 3,152 in 5 years. The sum is:

A sum of Rs. 18,000 is lent at 10% p.a compound interest, compounded annually, what is the difference between the compound interest for 3rd year and 4th year?

At a simple rate of interest, an amount of Rs.2100 becomes Rs. 2352 in 2 years. If the interest rate is decreased by 1% then what is the new interest in 2 years?

If the compound interest is compounded half-yearly, then investing a certain sum at the rate of 10% per annum, the maturity amount after one year is ₹ 13,230. What is the sum?

A sum of money invested at compound interest amounts to Rs. 4624 in 2 years and to Rs. 4913 in 3 years. The sum of money is

A sum of Rs. 95 amounts to Rs. 105 in 3 years at a certain rate of simple interest. In 5 years, at the same rate of interest, what will a sum of Rs. 171 amount to:

A sum of Rs. 20000 is invested for three years at compound interest. The rate of interest for first year is 20 percent per annum, for second year it is 15 percent per annum and for third years it is 10 percent per annum. Find the interest for the third year.

An amount is lent at 40% p.a. rate of interest compounded quarterly. Find the effective yearly rate of interest.

If a principal amount becomes Rs. 1,75,692 in 4 years with a compound interest rate of 10% per annum, the what is the value of principal amount?

A certain sum of money invested at compound interest, compounded annually, amounts to Rs. 338 at the rate of 4% per annum for 2 years. Find the sum.

Equal principal is invested in schemes of compound interest and simple interest. The interest obtained in the compound interest and in the simple interest schemes after 2 years is Rs. 3520 and Rs. 3200 respectively. If the rate of interest is 20%, then what is the principal (in Rs.)?

A sum was put at simple interest at certain rate for 2 years. Had it been put at 1% higher rate of interest, it would have fetched Rs. 24 more. What is the sum?