1502 + Mcqs in Simple Interest Page 15 McqOptions

701.	A sum of money triples itself, the rate of simple interest being 5% per annum. What is the time period ?
A.	40 Years
B.	30 Years
C.	20 Years
D.	60 Years
Answer» B. 30 Years

Discussion

702.	A sum of money doubles itself at compound interest in 15 years. It will become 8 times in:
A.	30 years
B.	40 years
C.	45 years
D.	60 years
Answer» D. 60 years

Discussion

703.	Find the simple interest on Rs. 800 at 1.5% per month for 1.3 years.
A.	Rs 18.72
B.	Rs 187.2
C.	Rs 1872
D.	Rs 187
Answer» C. Rs 1872

Discussion

704.	A person borrowed a sum of Rs.70,000 at 10% per annum compound interest (interest compounded annually). What will be the difference between the compound interest of three years and four years?
A.	Rs. 7840
B.	Rs. 9317
C.	Rs. 8740
D.	Rs. 9540
Answer» C. Rs. 8740

Discussion

705.	A loan of Rs. 8.400 is to be paid back in two equal annual instalments. If the interest charged is 10% per annum. then each instalment is:
A.	Rs. 4,800
B.	Rs. 4,820
C.	Rs. 4,840
D.	Rs. 4,880
Answer» D. Rs. 4,880

Discussion

706.	Mr. Arun borrowed Rs. 6500 at 4% per annum compound interest. The compound interest compounded annually for 2 years is:
A.	Rs. 530.4
B.	Rs. 7300.4
C.	Rs. 503.4
D.	Rs. 7030.4
Answer» B. Rs. 7300.4

Discussion

707.	A sum of Rs 6000 becomes Rs. 7200 in 2 years, when invested in a scheme of simple interest. If the same sum is invested in a scheme of compound interest with same yearly interest rate (compounding of interest is done yearly), then what will be the amount (in Rs.) after 3 years?
A.	7434
B.	8244
C.	7864
D.	7986
Answer» E.

Discussion

708.	Find out the difference of simple interest for 2 years and 3 years on a sum of Rs. 2100 at 8% per annum?
A.	Rs. 168
B.	Rs. 172
C.	Rs. 176
D.	Rs. 150
Answer» B. Rs. 172

Discussion

709.	On a certain sum of money, the Compound Interest for 2 years is Rs. 309 and the Simple Interest is Rs. 300. Find the rate of interest per annum.
A.	7%
B.	9%
C.	6%
D.	8%
Answer» D. 8%

Discussion

710.	At what rate percent per annum will the simple interest on a sum of money be 2/5 of the principal in 10 years?
A.	4%
B.	\(6^\frac{2}{3}\)%
C.	6%
D.	\(5^\frac{2}{3}\)%
Answer» B. \(6^\frac{2}{3}\)%

Discussion

711.	A sum fetched a total simple interest of Rs. 1200 at the rate of 7.5%/yr in 4 years. What is the sum (in Rs.)?
A.	4000
B.	6000
C.	8000
D.	7500
Answer» B. 6000

Discussion

712.	A sum of Rs 7500 is divided into two parts. The simple interest on the first part at the rate of 12% per annum is equal to the simple interest on the second part at the rate of 18% per annum. What is the Interest (in Rs) on first part for one year?
A.	600
B.	360
C.	480
D.	540
Answer» E.

Discussion

713.	Gitesh took a loan for 6 years at 5% Simple Interest. If the total interest paid was Rs. 615, calculate the principal.A) Rs. 2000B) Rs. 2050C) Rs. 2100D) Rs. 2150
A.	C
B.	D
C.	B
D.	A
Answer» D. A

Discussion

714.	A man borrows Rs. 6000 from a bank at simple interest. After 4 years, he paid Rs. 2500 to the bank and at the end of 5 years from the date of borrowing he paid Rs. 4560 to settle the account. Find the rate percent per annum.
A.	2.75%
B.	4%
C.	3%
D.	3.85%
E.	4.5%
Answer» D. 3.85%

Discussion

715.	A sum of Rs. 25000 amounts to Rs. 32000 in 4 years. What is the rate of interest?
A.	7%
B.	6.5%
C.	8%
D.	6%
Answer» B. 6.5%

Discussion

716.	A sum of money was invested at the rate of 7.5% simple interest per annuum for 4 years. If the investments were for 5 years, the interest earned would have been Rs. 375 more. What was the initial sum invested?
A.	Rs. 4,500
B.	Rs. 5,000
C.	Rs. 3,750
D.	Rs. 4,750
Answer» C. Rs. 3,750

Discussion

717.	A sum of Rs. 15,000 is invested partly at 12% per annum and the remaining at 10% per annum simple interest. If the total interest at end of 2 years is Rs. 3,344 how much money was invested at 10% per annum?
A.	Rs. 6,200
B.	Rs. 6,600
C.	Rs. 6,400
D.	Rs. 6,500
Answer» D. Rs. 6,500

Discussion

718.	A sum of Rs. 400 at compound interest amounts to Rs. 441 in 2 yr. What will be its amount, if the rate of interest is increased by 5%?
A.	Rs. 484
B.	Rs. 530
C.	Rs. 512
D.	Rs. 560
Answer» B. Rs. 530

Discussion

719.	If difference between Compound interest & Simple Interest on a certain sum of money for 2 yrs. @ 5% p.a is Rs. 122. Find the sum?
A.	Rs. 14000
B.	Rs. 15000
C.	Rs. 16000
D.	None of these
Answer» E.

Discussion

720.	A principal gets increased by 21% in 2 years at compound interest. What will be the simple interest on Rs. 1000 for 4 years at the same rate of interest?
A.	Rs. 320
B.	Rs. 400
C.	Rs. 360
D.	Rs. 420
Answer» C. Rs. 360

Discussion

721.	An amount becomes 4 times in 10 years when kept in a scheme of simple interest. In how many years will it become 7 times?
A.	16
B.	20
C.	24
D.	28
Answer» C. 24

Discussion

722.	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.	Rs. 24600/-
B.	Rs. 24800/-
C.	Rs. 25200/-
D.	Rs. 25500/-
Answer» D. Rs. 25500/-

Discussion

723.	If compound interest received on a certain amount in the 3rd year is Rs. 1,240, what will be the compound interest (in Rs) for the 4th year on the same amount at 9% rate of interest?
A.	1245.6
B.	1521.6
C.	1351.6
D.	1220.6
Answer» D. 1220.6

Discussion

724.	A man wants to invest Rs. 8425 in bank account of his two daughters whose age are 24 years and 28 years in such a way that they will get equal amount on age of 40 years at the rate of 33.3% compounded annually. Find the share of elder daughter.
A.	Rs. 6400
B.	Rs. 6464
C.	Rs. 5400
D.	Rs. 7000
E.	Rs. 6482
Answer» B. Rs. 6464

Discussion

725.	A certain sum invested on compound interest grows to Rs. 8,000 and Rs. 27,000 in three and six years, respectively when the interest is compounded annually, what is the percentage rate of interest?
A.	10%
B.	0.5%
C.	50%
D.	25%
Answer» D. 25%

Discussion

726.	An investment of Rs. 16000 at 8% Simple Interest for 1 year and a second investment at 18% Simple Interest for the same period together fetch a return of 10% on the total investment. Find the total sum invested.
A.	Rs. 20000
B.	Rs. 22000
C.	Rs. 20500
D.	Rs. 18000
Answer» B. Rs. 22000

Discussion

727.	A sum of Rs. 50,000 is lent partly at 4% and remaining at 5% per annum. If the yearly simple interest on the average is 4.6% the two parts are:
A.	Rs. 22500, Rs. 27500
B.	Rs. 20000, Rs. 30000
C.	Rs. 15000, Rs. 35000
D.	Rs. 25000, Rs. 25000
Answer» C. Rs. 15000, Rs. 35000

Discussion

728.	Arjun buys a mobile worth Rs. 8000. He can pay Rs. 3500 and pays the remaining after 18 months, on which he has to pay simple interest at the rate of 8% per annum. Find the total amount paid by him for the mobile phone.
A.	Rs. 8540
B.	Rs. 92560
C.	Rs. 9410
D.	Rs. 8720
Answer» B. Rs. 92560

Discussion

729.	A sum of Rs. 400 amounts to Rs. 480 in 4 years. What will it amount to if the rate of interest is increased by 2%?
A.	Rs.512
B.	Rs.520
C.	Rs.484
D.	Rs.560
Answer» B. Rs.520

Discussion

730.	Find the compound interest on Rs. 20000 at 20 percent per annum for 12 months, compounded half yearly.
A.	Rs. 4000
B.	Rs. 4500
C.	Rs. 4200
D.	Rs. 4400
Answer» D. Rs. 4400

Discussion

731.	On a certain sum of money, the simple interest for 2 years is Rs. 140 at 4% per annum. Find the difference between Compound Interest and Simple Interest on the same sum at same rate and same period.
A.	Rs. 1.80
B.	Rs. 3
C.	Rs. 2.80
D.	Rs. 2.40
Answer» D. Rs. 2.40

Discussion

732.	If Rs.750 at a fixed rate of simple interest amounts to 1000 in 5 years, then how much will it become in 10 years at the same rate of simple interest?
A.	Rs.2050
B.	Rs.2000
C.	Rs.1250
D.	Rs.1520
Answer» D. Rs.1520

Discussion

733.	At 6% simple interest per annum a sum of money became Rs. 834 in \(6\frac{1}{2}\) years. The sum initially invested was:
A.	Rs. 600
B.	Rs. 626
C.	Rs. 675
D.	Rs. 650
Answer» B. Rs. 626

Discussion

734.	A person invested a sum of Rs. 9000 at r% per annum at simple interest and a sum of Rs. 13500 at (r – 4)% at simple interest. If total interest earned on both the investments for 5 years is Rs. 9337.50, then the rate of interest on the first investment is:
A.	10.7%
B.	10.2%
C.	9.5%
D.	10%
Answer» B. 10.2%

Discussion

735.	Find the compound interest earned on Rs. 60,000 for 2 years at the rate of 5 percent per annum.
A.	Rs. 6000
B.	Rs. 66,150
C.	Rs. 60,000
D.	Rs. 6,150
Answer» E.

Discussion

736.	A loan is to be returned in two equal annual instalments. If the rate of interest is 10% p. a., compounded yearly, and each instalment is Rs. 3,872, then the total interest charged in this instalment scheme is:
A.	Rs. 1,024
B.	Rs. 1,020
C.	Rs. 980
D.	Rs. 1,050
Answer» B. Rs. 1,020

Discussion

737.	A man takes a loan of some amount at some rate of simple interest. After three years, the loan amount is doubled and rate of interest is decreased by 2%. After next 5 years, if the total interest paid on the whole is Rs. 13,600, which is equal to the same when the first amount was taken for \(11 \frac 1 3\) years, then the loan taken initially is:
A.	Rs. 12,000
B.	Rs. 12,500
C.	Rs. 13,600
D.	Rs. 10,000
Answer» E.

Discussion

738.	Mr. Yudish borrowed Rs. 3500 at 4% per annum compound interest. The compound interest compounded annually for 2 years is:A. 285.6B. 3785.6C. 3758.6D. 258.6
A.	A
B.	D
C.	B
D.	C
Answer» B. D

Discussion

739.	A and B together borrowed a sum of Rs. 51,750 at an interest rate of 7% p.a. compound interest in such a way that to settle the loan, A paid as much amount after three years as paid by B after 4 years from the day of borrowing. The sum (in Rs.) borrowed by A was:
A.	26,750
B.	24,860
C.	25,000
D.	25,650
Answer» B. 24,860

Discussion

740.	On a certain sum (in Rs.), the compound interest is Rs. 9,095 at 15% pa. for \(2\frac{2}{3}\) years, when interest compounded yearly. The principal sum is:
A.	22,500
B.	18,000
C.	20,000
D.	21,500
Answer» D. 21,500

Discussion

741.	Raman borrows a sum of Rs. 30,000 at 25 percent p.a. simple interest, and then lends it to Raghav at 40 percent p.a. compound interest, compounded half-yearly. What will be the gain/loss of Raman after one year?
A.	Rs. 6,300
B.	Rs. 7,200
C.	Rs. 4,500
D.	Rs. 5,700
Answer» E.

Discussion

742.	If the simple interest on a certain sum for 1.5 years at 8% p.a. is Rs. 360. Find the compound interest on the same sum for the same rate of interest but double the time?
A.	Rs. 778
B.	Rs. 778.13
C.	Rs. 779
D.	Rs. 779.13
Answer» E.

Discussion

743.	In how many years 100000 will become 172800 at a compound interest rate of 20% per annum?
A.	4 years
B.	3 years
C.	1 year
D.	2 years
Answer» C. 1 year

Discussion

744.	If a sum becomes double in 16 years at simple interest, then how many times will it be in 8 years?
A.	\(1\frac{1}{2}\) times
B.	\(1\frac{1}{9}\) times
C.	\(1\frac{2}{3}\) times
D.	\(1\frac{1}{3}\) times
Answer» B. \(1\frac{1}{9}\) times

Discussion

745.	Priya invested a certain amount of money and got back an amount of Rs. 8800 after 3 years. If the rate of simple interest is 40%, what is the principal amount invested by Priya?
A.	Rs. 7333
B.	Rs. 4333
C.	Rs. 4000
D.	Rs. 7000
Answer» D. Rs. 7000

Discussion

746.	A certain amount invested at a certain rate, compounded annually, grows to an amount in five years, which is a factor of 1.1881 more than to what it would have grown in three years. What is the rate percentage?
A.	9.2
B.	9
C.	8.1
D.	8
Answer» C. 8.1

Discussion

747.	A sum of Rs. 36,000 is divided into two parts, A and B, such that the simple interest at the rate of 15% p.a. on A and B after two years and four years, respectively, is equal. The total interest (in Rs.) received from A is:
A.	1,800
B.	3,600
C.	5,400
D.	7,200
Answer» E.

Discussion

748.	A sum invested at 8% p.a. amounts to Rs. 20280 at the end of one year, when the interest is compounded half yearly. What will be simple interest on the same sum for 4\(\frac{3}{5}\) years at double the earlier rate of interest?
A.	Rs. 14500
B.	Rs. 13500
C.	Rs. 14200
D.	Rs. 13800
Answer» E.

Discussion

749.	A sum at the same simple interest becomes amount to Rs 457 in 5 years and Rs 574 in 10 years. Find the value of the sum (in Rupees).
A.	340
B.	420
C.	500
D.	280
Answer» B. 420

Discussion

750.	A sum of Rs 4000 becomes Rs 7000 in 6 years at simple interest. If the rate of interest becomes double of itself, then what will be the amount (in Rs) after 6 years?
A.	8500
B.	9000
C.	8000
D.	10000
Answer» E.

Discussion

Explore topic-wise MCQs in General Aptitude.

A sum of money triples itself, the rate of simple interest being 5% per annum. What is the time period ?

A sum of money doubles itself at compound interest in 15 years. It will become 8 times in:

Find the simple interest on Rs. 800 at 1.5% per month for 1.3 years.

A person borrowed a sum of Rs.70,000 at 10% per annum compound interest (interest compounded annually). What will be the difference between the compound interest of three years and four years?

A loan of Rs. 8.400 is to be paid back in two equal annual instalments. If the interest charged is 10% per annum. then each instalment is:

Mr. Arun borrowed Rs. 6500 at 4% per annum compound interest. The compound interest compounded annually for 2 years is:

A sum of Rs 6000 becomes Rs. 7200 in 2 years, when invested in a scheme of simple interest. If the same sum is invested in a scheme of compound interest with same yearly interest rate (compounding of interest is done yearly), then what will be the amount (in Rs.) after 3 years?

Find out the difference of simple interest for 2 years and 3 years on a sum of Rs. 2100 at 8% per annum?

On a certain sum of money, the Compound Interest for 2 years is Rs. 309 and the Simple Interest is Rs. 300. Find the rate of interest per annum.

At what rate percent per annum will the simple interest on a sum of money be 2/5 of the principal in 10 years?

A sum fetched a total simple interest of Rs. 1200 at the rate of 7.5%/yr in 4 years. What is the sum (in Rs.)?

A sum of Rs 7500 is divided into two parts. The simple interest on the first part at the rate of 12% per annum is equal to the simple interest on the second part at the rate of 18% per annum. What is the Interest (in Rs) on first part for one year?

Gitesh took a loan for 6 years at 5% Simple Interest. If the total interest paid was Rs. 615, calculate the principal.A) Rs. 2000B) Rs. 2050C) Rs. 2100D) Rs. 2150

A man borrows Rs. 6000 from a bank at simple interest. After 4 years, he paid Rs. 2500 to the bank and at the end of 5 years from the date of borrowing he paid Rs. 4560 to settle the account. Find the rate percent per annum.

A sum of Rs. 25000 amounts to Rs. 32000 in 4 years. What is the rate of interest?

A sum of money was invested at the rate of 7.5% simple interest per annuum for 4 years. If the investments were for 5 years, the interest earned would have been Rs. 375 more. What was the initial sum invested?

A sum of Rs. 15,000 is invested partly at 12% per annum and the remaining at 10% per annum simple interest. If the total interest at end of 2 years is Rs. 3,344 how much money was invested at 10% per annum?

A sum of Rs. 400 at compound interest amounts to Rs. 441 in 2 yr. What will be its amount, if the rate of interest is increased by 5%?

If difference between Compound interest & Simple Interest on a certain sum of money for 2 yrs. @ 5% p.a is Rs. 122. Find the sum?

A principal gets increased by 21% in 2 years at compound interest. What will be the simple interest on Rs. 1000 for 4 years at the same rate of interest?

An amount becomes 4 times in 10 years when kept in a scheme of simple interest. In how many years will it become 7 times?

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/-

If compound interest received on a certain amount in the 3rd year is Rs. 1,240, what will be the compound interest (in Rs) for the 4th year on the same amount at 9% rate of interest?

A man wants to invest Rs. 8425 in bank account of his two daughters whose age are 24 years and 28 years in such a way that they will get equal amount on age of 40 years at the rate of 33.3% compounded annually. Find the share of elder daughter.

A certain sum invested on compound interest grows to Rs. 8,000 and Rs. 27,000 in three and six years, respectively when the interest is compounded annually, what is the percentage rate of interest?

An investment of Rs. 16000 at 8% Simple Interest for 1 year and a second investment at 18% Simple Interest for the same period together fetch a return of 10% on the total investment. Find the total sum invested.

A sum of Rs. 50,000 is lent partly at 4% and remaining at 5% per annum. If the yearly simple interest on the average is 4.6% the two parts are:

Arjun buys a mobile worth Rs. 8000. He can pay Rs. 3500 and pays the remaining after 18 months, on which he has to pay simple interest at the rate of 8% per annum. Find the total amount paid by him for the mobile phone.

A sum of Rs. 400 amounts to Rs. 480 in 4 years. What will it amount to if the rate of interest is increased by 2%?

Find the compound interest on Rs. 20000 at 20 percent per annum for 12 months, compounded half yearly.

On a certain sum of money, the simple interest for 2 years is Rs. 140 at 4% per annum. Find the difference between Compound Interest and Simple Interest on the same sum at same rate and same period.

If Rs.750 at a fixed rate of simple interest amounts to 1000 in 5 years, then how much will it become in 10 years at the same rate of simple interest?

At 6% simple interest per annum a sum of money became Rs. 834 in \(6\frac{1}{2}\) years. The sum initially invested was:

A person invested a sum of Rs. 9000 at r% per annum at simple interest and a sum of Rs. 13500 at (r – 4)% at simple interest. If total interest earned on both the investments for 5 years is Rs. 9337.50, then the rate of interest on the first investment is:

Find the compound interest earned on Rs. 60,000 for 2 years at the rate of 5 percent per annum.

A loan is to be returned in two equal annual instalments. If the rate of interest is 10% p. a., compounded yearly, and each instalment is Rs. 3,872, then the total interest charged in this instalment scheme is:

Mr. Yudish borrowed Rs. 3500 at 4% per annum compound interest. The compound interest compounded annually for 2 years is:A. 285.6B. 3785.6C. 3758.6D. 258.6

A and B together borrowed a sum of Rs. 51,750 at an interest rate of 7% p.a. compound interest in such a way that to settle the loan, A paid as much amount after three years as paid by B after 4 years from the day of borrowing. The sum (in Rs.) borrowed by A was:

On a certain sum (in Rs.), the compound interest is Rs. 9,095 at 15% pa. for \(2\frac{2}{3}\) years, when interest compounded yearly. The principal sum is:

Raman borrows a sum of Rs. 30,000 at 25 percent p.a. simple interest, and then lends it to Raghav at 40 percent p.a. compound interest, compounded half-yearly. What will be the gain/loss of Raman after one year?

If the simple interest on a certain sum for 1.5 years at 8% p.a. is Rs. 360. Find the compound interest on the same sum for the same rate of interest but double the time?

In how many years 100000 will become 172800 at a compound interest rate of 20% per annum?

If a sum becomes double in 16 years at simple interest, then how many times will it be in 8 years?

Priya invested a certain amount of money and got back an amount of Rs. 8800 after 3 years. If the rate of simple interest is 40%, what is the principal amount invested by Priya?

A certain amount invested at a certain rate, compounded annually, grows to an amount in five years, which is a factor of 1.1881 more than to what it would have grown in three years. What is the rate percentage?

A sum of Rs. 36,000 is divided into two parts, A and B, such that the simple interest at the rate of 15% p.a. on A and B after two years and four years, respectively, is equal. The total interest (in Rs.) received from A is:

A sum invested at 8% p.a. amounts to Rs. 20280 at the end of one year, when the interest is compounded half yearly. What will be simple interest on the same sum for 4\(\frac{3}{5}\) years at double the earlier rate of interest?

A sum at the same simple interest becomes amount to Rs 457 in 5 years and Rs 574 in 10 years. Find the value of the sum (in Rupees).

A sum of Rs 4000 becomes Rs 7000 in 6 years at simple interest. If the rate of interest becomes double of itself, then what will be the amount (in Rs) after 6 years?