1502 + Mcqs in Simple Interest Page 16 McqOptions

751.	A sum of Rs. 4000 is lent on simple interest at the rate of 10% per annum. Simple interest for 5 years is how much more than the simple interest for 3 years?
A.	Rs. 400
B.	Rs. 600
C.	Rs. 800
D.	Rs. 1200
Answer» D. Rs. 1200

Discussion

752.	A sum of money triples itself in 6 years at simple interset. In how much time it will become 10 times?
A.	27 years
B.	18 years
C.	12 years
D.	15 years
Answer» B. 18 years

Discussion

753.	A sum of money amounts to Rs. 2480 in two years and Rs. 3200 in five years. Find the rate of simple interest per annum.
A.	16%
B.	12%
C.	8%
D.	10%
E.	18%
Answer» C. 8%

Discussion

754.	A sum of Rs. 15200 is divided into two parts. The simple interest on first part at the rate of 25% per annum is equal to the simple interest on second part at the rate of 13% per annum. What is the interest (in Rs.) of first part?
A.	2500
B.	1300
C.	3250
D.	1625
Answer» C. 3250

Discussion

755.	An amount of Rs. 35000 is invested in a scheme of compound interest. If rate of interest is 20% per annum, then what will be the amount (in Rs.) obtained after 2 years?
A.	56200
B.	50400
C.	48600
D.	42500
Answer» C. 48600

Discussion

756.	A sum of Rs. 10 is lend to be returned in 11 monthly instalments of Rs. 1 each, interest being simple. The rate of interest charged is:
A.	\(9 \frac{1}{11} \%\)
B.	10%
C.	\(21 \frac{9}{11} \%\)
D.	22%
Answer» D. 22%

Discussion

757.	If the same amount is invested for two years at the same rate at compound interest and simple interest, then there will be a difference of Rs. 56 in the interest obtained. If the interest rate is 4% per annum then find the amount invested. (In rupees)
A.	34,000
B.	33,000
C.	35,000
D.	32,000
Answer» D. 32,000

Discussion

758.	A sum becomes Rs. 500 in 5 years and Rs. 600 in 7 years at a certain rate percent per annum at simple interest. What is the sum?
A.	Rs. 400
B.	Rs. 200
C.	Rs. 300
D.	Rs. 250
Answer» E.

Discussion

759.	Raj borrowed Rs. 5000 at 10% per annum on simple interest and lent the same amount at 15% per annum on compound interest. At the end of 2 years, he would:
A.	Gain Rs. 612.50
B.	Gain Rs. 621.50
C.	Loss Rs. 612.50
D.	Loss Rs. 621.50
Answer» B. Gain Rs. 621.50

Discussion

760.	How much will Rs. 25,000 amount to in 2 years at compound interest, if the rate of interest for successive years be 4% and 5% per year ?
A.	Rs. 25,300
B.	Rs. 26,300
C.	Rs. 27,300
D.	Rs. 28,300
Answer» D. Rs. 28,300

Discussion

761.	A sum of Rs. 21500 was lent partly at 4% p.a. and remaining at 6% p.a. simple interest. The total interest received after \(3\frac{1}{2}\) years is Rs. 3521. The sum (in Rs.) lent at 6% p.a. is:
A.	7550
B.	7700
C.	7300
D.	8000
Answer» D. 8000

Discussion

762.	A certain sum of money doubles itself in 10 yr. In how many years will it become 3 times at the same rate of simple interest ?
A.	12 yr
B.	15 yr
C.	20 yr
D.	16 yr
Answer» D. 16 yr

Discussion

763.	Calculate the amount on Rs. 37,500 @ 8% p.a compounded half yearly for \(1\frac{1}{2}\) years.
A.	Rs. 42,182.40
B.	Rs. 42,000
C.	Rs. 42,120
D.	Rs. 42,812.40
Answer» B. Rs. 42,000

Discussion

764.	Ram lent Rs. 6,000/– to Shiva for 3 years and Rs. 8,000/– to Krishna for 5 years at the same rate of simple interest per annum. He got a total interest of Rs. 5,220 from both. Find then rate of interest per annum.A. 6%B. 7%C. 8%D. 9%
A.	A
B.	D
C.	C
D.	B
Answer» C. C

Discussion

765.	A sum of Rs. 10000 is invested in three schemes of simple interest. The annual interest rates are respectively, 4%, 6% and 10%. Rs. 4000 were invested in the first scheme. If the total interest earned after five years is Rs. 2800, then how much money was invested in the third scheme?
A.	Rs. 1000
B.	Rs. 5000
C.	Rs. 1500
D.	Rs. 3000
Answer» B. Rs. 5000

Discussion

766.	At what rate percentage of simple interest will a sum of money double itself in 10 years?
A.	9%
B.	11%
C.	10%
D.	8%
Answer» D. 8%

Discussion

767.	If the difference between compound interest and simple interest on a certain sum of money for 2 years at 8% per annum is Rs. 768/- then the sum invested is:
A.	1,00,000/-
B.	1,10,000/-
C.	1,20,000/-
D.	1,70,000/-
Answer» D. 1,70,000/-

Discussion

768.	A lends a loan amount of Rs. 10,000 to B at a simple interest rate of 5% per annum for a year. What will be the total amount retuned by B?
A.	Rs. 10,000
B.	Rs. 12,000
C.	Rs. 10,500
D.	Rs. 12,500
Answer» D. Rs. 12,500

Discussion

769.	A sum of Rs. 2000 becomes Rs. 3645 in 2 years at a certain rate of compound interest. What will be the sum (in Rs.) after 4 years?
A.	5942.125
B.	6643.0125
C.	7243.0125
D.	7498.125
Answer» C. 7243.0125

Discussion

770.	If the simple interest in 3 years at the annual rate of 5% is Rs. 180 then find the Principle amount?
A.	Rs. 1000
B.	Rs. 1200
C.	Rs. 1100
D.	Rs. 1300
Answer» C. Rs. 1100

Discussion

771.	A sum of money of Rs. 1000 is lent out in two parts in such a way that the interest on one part at 10% per annum for 5 years is equal to another at 5% for 10 years. Calculate the sum lent out at 5%.A. Rs. 500B. Rs. 800C. Rs. 1000D. Rs. 1200
A.	D
B.	C
C.	A
D.	B
Answer» D. B

Discussion

772.	A woman invests Rs. 200 at the start of each year at 5% compound interest per annum. How much will her investment be at the end of the 2nd year?
A.	431
B.	430.5
C.	435
D.	430
Answer» C. 435

Discussion

773.	A lends a loan amount of Rs. 2,50,000 to B at the simple interest of 6% per annum for a year. What is the total amount (in Rs.) of interest paid by B?
A.	15,000
B.	12,000
C.	16,500
D.	52,500
Answer» B. 12,000

Discussion

774.	In what time will a sum of Rs. 10,200 yield Rs. 13,005 as simple interest at the rate of 17% per annum?
A.	7 years 6 months
B.	7 years 3 months
C.	7 years 9 months
D.	8 years
Answer» B. 7 years 3 months

Discussion

775.	A sum of Rs. 20000 becomes Rs. 32000 in 12 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 2 years?
A.	21750
B.	22050
C.	23250
D.	24650
Answer» C. 23250

Discussion

776.	Find the difference between simple interest and compound interest received at the rate of 7.5% in the second year of Rs. 23,465.A. Rs. 132B. Rs. 66C. Rs. 147D. Rs. 73.5
A.	A
B.	D
C.	B
D.	C
Answer» B. D

Discussion

777.	In how many years will Rs. 2,000 yield Rs. 662 as compound interest at 10% per annum compounded annually?
A.	3
B.	2
C.	4
D.	5
Answer» B. 2

Discussion

778.	In how many years will a certain sum of money double itself at 5% Simple Interest?
A.	18
B.	15
C.	22
D.	20
Answer» E.

Discussion

779.	Adam borrowed some money at the rate of 6% p.a. for the first 2 years, at the rate of 9% p.a. for the next 3 years and at the rate of 14% p.a for the next 4 years at simple interest. If he pays a total interest of Rs. 11,400 at the end of 9 years, how much money did he borrow initially?
A.	Rs. 10,000
B.	Rs. 12,000
C.	Rs. 14,000
D.	Rs. 16,000
Answer» C. Rs. 14,000

Discussion

780.	In what time does money becomes double at simple interest rate of 12% per annum?
A.	\(6\frac{1}{3}\) Years
B.	\(6\frac{2}{3}\) Years
C.	\(8\frac{1}{3}\) Years
D.	\(8\frac{2}{3} \) Years
Answer» D. \(8\frac{2}{3} \) Years

Discussion

781.	A certain sum amounts to Rs.12,672 after 4 years and to Rs.15,744 after 8 years at the same rate percent p.a. at simple interest. The simple interest on the same sum at 10% p.a. for \(3\dfrac{1}{3}\) years will be∶
A.	Rs.3,350
B.	Rs.3,000
C.	Rs.3,240
D.	Rs.3,200
Answer» E.

Discussion

782.	An amount becomes 4 times in 2 years when kept in a scheme of simple interest. In how many years will it become 22 times?
A.	10
B.	14
C.	12
D.	16
Answer» C. 12

Discussion

783.	If Rs. 12000 is invested for two years at compound interest (compounded annually) at the rate of 20% per annum, then what is the interest?
A.	Rs. 5280
B.	Rs. 5640
C.	Rs. 4280
D.	Rs. 4800
Answer» B. Rs. 5640

Discussion

784.	Anita borrowed two equal sums at the beginning of two successive years at 10% compound interest. At the end of the second year, she paid Rs. 12,474 to settle her debts. How much did she borrow each year?
A.	Rs. 4,800
B.	Rs. 5,000
C.	Rs. 5,400
D.	Rs. 5,600
Answer» D. Rs. 5,600

Discussion

785.	2 years 8 months simple interest of Rs. 7800 is Rs. 1976. Find the annual rate of interest.A. 8.5%B. 9%C. 9.5%D. 10%
A.	A
B.	B
C.	C
D.	D
Answer» D. D

Discussion

786.	Any sum invested for 3.5 years at 12% annual interest becomes Rs. 994 at maturity. What was the principal amount invested?
A.	Rs. 700
B.	Rs. 750
C.	Rs. 725
D.	Rs. 720
Answer» B. Rs. 750

Discussion

787.	On what principal, the difference between the compound interest and simple interest at 8% rate for 2 years will be Rs. 3.20?
A.	Rs. 300
B.	Rs. 400
C.	Rs. 500
D.	Rs. 600
Answer» D. Rs. 600

Discussion

788.	At the same amount, the difference between compound interest and ordinary interest amount received in two years at the interest rate is Rs. 60, if the rate of interest is 4% per year, then calculate the amount invested. (In Rs.)
A.	Rs. 35,500
B.	Rs. 36,500
C.	Rs. 34,500
D.	Rs. 37,500
Answer» E.

Discussion

789.	Raghu has invested Rs. 1000 and received Rs. 1300 at 6% per annum simple interest after X years. Find the value of X.
A.	4 years
B.	3 years
C.	2 years
D.	5 years
Answer» E.

Discussion

790.	If the annual rate of simple interest increases from 9% to \(13\frac{1}{2} %\)%, then the yearly interest increases by Rs. 3,690. What is the principal (in Rs.) ?
A.	85,000
B.	80,000
C.	82,000
D.	88,000
Answer» D. 88,000

Discussion

791.	A sum amounts to Rs. 14,395.20 at 9.25% p.a. simple interest in 5.4 years. What will be the simple interest on the same sum at 8.6% p.a. in 4.5 years?
A.	Rs. 3,715.20
B.	Rs. 3,797.76
C.	Rs. 3,627
D.	Rs. 3,672
Answer» B. Rs. 3,797.76

Discussion

792.	On what sum of money, the interest for one year at 12% p.a compounded half yearly is Rs. 1,545?
A.	Rs. 25,750
B.	Rs. 24,300
C.	Rs. 12,875
D.	Rs. 12,500
Answer» E.

Discussion

793.	A sum of Rs.1600 gives a simple interest of Rs. 252 in 2 years and 3 months. The rate of interest per annum is:
A.	6%
B.	7%
C.	8%
D.	\(5\dfrac{1}{2}\)%
Answer» C. 8%

Discussion

794.	A sum of Rs. 10,000 is lent out in two parts in such a way that the simple interest on one part at 8% for 3 year is equal to that on the other part for 12% for 1 year. The sum lent out at 12% is ______
A.	6666.67
B.	3333.34
C.	5412.7
D.	4587.3
E.	None of the above
Answer» B. 3333.34

Discussion

795.	If the amount on a certain principal in 3 years at 12% rate of interest compounded annually is Rs. 12,000, what will be the amount (in Rs.) after the 4th year?
A.	14330
B.	15440
C.	13440
D.	14550
Answer» D. 14550

Discussion

796.	If in 13 years fixed sum doubles at simple interest, what will be the interest rate per year? (correct to two decimal places)
A.	7.69%
B.	8.69%
C.	7.92%
D.	7.29%
Answer» B. 8.69%

Discussion

797.	How much amount given for 4 years at 5% simple interest will be equal to Rs. 500 loan given for 4 years at 6% simple interest?
A.	Rs. 600
B.	Rs. 570
C.	Rs. 650
D.	Rs. 550
Answer» B. Rs. 570

Discussion

798.	Amala, Bina, and Gouri invest money in the ratio 3 : 4: 5 in fixed deposits having respective annual interest rates in the ratio 6: 5 : 4. What is their total interest income (in Rs) after a year, if Bina's interest income exceeds Amala's by Rs 250?
A.	7250
B.	7000
C.	6350
D.	6000
Answer» B. 7000

Discussion

799.	If in 3 years at simple interest the principal increases by 18%, what will be the compound interest (in Rs) earned on Rs. 25,000 in 3 years at the same rate?
A.	4775.4
B.	5774.4
C.	4557.4
D.	5575.4
Answer» B. 5774.4

Discussion

800.	Rahi deposited Rs. 600 in a bank that promised 8% simple interest per annum. If Rahi kept the money with the bank for 5 years, she will earn an interest of:
A.	Rs. 480
B.	Rs. 240
C.	Rs. 200
D.	Rs. 280
Answer» C. Rs. 200

Discussion

Explore topic-wise MCQs in General Aptitude.

A sum of Rs. 4000 is lent on simple interest at the rate of 10% per annum. Simple interest for 5 years is how much more than the simple interest for 3 years?

A sum of money triples itself in 6 years at simple interset. In how much time it will become 10 times?

A sum of money amounts to Rs. 2480 in two years and Rs. 3200 in five years. Find the rate of simple interest per annum.

A sum of Rs. 15200 is divided into two parts. The simple interest on first part at the rate of 25% per annum is equal to the simple interest on second part at the rate of 13% per annum. What is the interest (in Rs.) of first part?

An amount of Rs. 35000 is invested in a scheme of compound interest. If rate of interest is 20% per annum, then what will be the amount (in Rs.) obtained after 2 years?

A sum of Rs. 10 is lend to be returned in 11 monthly instalments of Rs. 1 each, interest being simple. The rate of interest charged is:

If the same amount is invested for two years at the same rate at compound interest and simple interest, then there will be a difference of Rs. 56 in the interest obtained. If the interest rate is 4% per annum then find the amount invested. (In rupees)

A sum becomes Rs. 500 in 5 years and Rs. 600 in 7 years at a certain rate percent per annum at simple interest. What is the sum?

Raj borrowed Rs. 5000 at 10% per annum on simple interest and lent the same amount at 15% per annum on compound interest. At the end of 2 years, he would:

How much will Rs. 25,000 amount to in 2 years at compound interest, if the rate of interest for successive years be 4% and 5% per year ?

A sum of Rs. 21500 was lent partly at 4% p.a. and remaining at 6% p.a. simple interest. The total interest received after \(3\frac{1}{2}\) years is Rs. 3521. The sum (in Rs.) lent at 6% p.a. is:

A certain sum of money doubles itself in 10 yr. In how many years will it become 3 times at the same rate of simple interest ?

Calculate the amount on Rs. 37,500 @ 8% p.a compounded half yearly for \(1\frac{1}{2}\) years.

Ram lent Rs. 6,000/– to Shiva for 3 years and Rs. 8,000/– to Krishna for 5 years at the same rate of simple interest per annum. He got a total interest of Rs. 5,220 from both. Find then rate of interest per annum.A. 6%B. 7%C. 8%D. 9%

A sum of Rs. 10000 is invested in three schemes of simple interest. The annual interest rates are respectively, 4%, 6% and 10%. Rs. 4000 were invested in the first scheme. If the total interest earned after five years is Rs. 2800, then how much money was invested in the third scheme?

At what rate percentage of simple interest will a sum of money double itself in 10 years?

If the difference between compound interest and simple interest on a certain sum of money for 2 years at 8% per annum is Rs. 768/- then the sum invested is:

A lends a loan amount of Rs. 10,000 to B at a simple interest rate of 5% per annum for a year. What will be the total amount retuned by B?

A sum of Rs. 2000 becomes Rs. 3645 in 2 years at a certain rate of compound interest. What will be the sum (in Rs.) after 4 years?

If the simple interest in 3 years at the annual rate of 5% is Rs. 180 then find the Principle amount?

A sum of money of Rs. 1000 is lent out in two parts in such a way that the interest on one part at 10% per annum for 5 years is equal to another at 5% for 10 years. Calculate the sum lent out at 5%.A. Rs. 500B. Rs. 800C. Rs. 1000D. Rs. 1200

A woman invests Rs. 200 at the start of each year at 5% compound interest per annum. How much will her investment be at the end of the 2nd year?

A lends a loan amount of Rs. 2,50,000 to B at the simple interest of 6% per annum for a year. What is the total amount (in Rs.) of interest paid by B?

In what time will a sum of Rs. 10,200 yield Rs. 13,005 as simple interest at the rate of 17% per annum?

A sum of Rs. 20000 becomes Rs. 32000 in 12 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 2 years?

Find the difference between simple interest and compound interest received at the rate of 7.5% in the second year of Rs. 23,465.A. Rs. 132B. Rs. 66C. Rs. 147D. Rs. 73.5

In how many years will Rs. 2,000 yield Rs. 662 as compound interest at 10% per annum compounded annually?

In how many years will a certain sum of money double itself at 5% Simple Interest?

Adam borrowed some money at the rate of 6% p.a. for the first 2 years, at the rate of 9% p.a. for the next 3 years and at the rate of 14% p.a for the next 4 years at simple interest. If he pays a total interest of Rs. 11,400 at the end of 9 years, how much money did he borrow initially?

In what time does money becomes double at simple interest rate of 12% per annum?

A certain sum amounts to Rs.12,672 after 4 years and to Rs.15,744 after 8 years at the same rate percent p.a. at simple interest. The simple interest on the same sum at 10% p.a. for \(3\dfrac{1}{3}\) years will be∶

An amount becomes 4 times in 2 years when kept in a scheme of simple interest. In how many years will it become 22 times?

If Rs. 12000 is invested for two years at compound interest (compounded annually) at the rate of 20% per annum, then what is the interest?

Anita borrowed two equal sums at the beginning of two successive years at 10% compound interest. At the end of the second year, she paid Rs. 12,474 to settle her debts. How much did she borrow each year?

2 years 8 months simple interest of Rs. 7800 is Rs. 1976. Find the annual rate of interest.A. 8.5%B. 9%C. 9.5%D. 10%

Any sum invested for 3.5 years at 12% annual interest becomes Rs. 994 at maturity. What was the principal amount invested?

On what principal, the difference between the compound interest and simple interest at 8% rate for 2 years will be Rs. 3.20?

At the same amount, the difference between compound interest and ordinary interest amount received in two years at the interest rate is Rs. 60, if the rate of interest is 4% per year, then calculate the amount invested. (In Rs.)

Raghu has invested Rs. 1000 and received Rs. 1300 at 6% per annum simple interest after X years. Find the value of X.

If the annual rate of simple interest increases from 9% to \(13\frac{1}{2} %\)%, then the yearly interest increases by Rs. 3,690. What is the principal (in Rs.) ?

A sum amounts to Rs. 14,395.20 at 9.25% p.a. simple interest in 5.4 years. What will be the simple interest on the same sum at 8.6% p.a. in 4.5 years?

On what sum of money, the interest for one year at 12% p.a compounded half yearly is Rs. 1,545?

A sum of Rs.1600 gives a simple interest of Rs. 252 in 2 years and 3 months. The rate of interest per annum is:

A sum of Rs. 10,000 is lent out in two parts in such a way that the simple interest on one part at 8% for 3 year is equal to that on the other part for 12% for 1 year. The sum lent out at 12% is ______

If the amount on a certain principal in 3 years at 12% rate of interest compounded annually is Rs. 12,000, what will be the amount (in Rs.) after the 4th year?

If in 13 years fixed sum doubles at simple interest, what will be the interest rate per year? (correct to two decimal places)

How much amount given for 4 years at 5% simple interest will be equal to Rs. 500 loan given for 4 years at 6% simple interest?

Amala, Bina, and Gouri invest money in the ratio 3 : 4: 5 in fixed deposits having respective annual interest rates in the ratio 6: 5 : 4. What is their total interest income (in Rs) after a year, if Bina's interest income exceeds Amala's by Rs 250?

If in 3 years at simple interest the principal increases by 18%, what will be the compound interest (in Rs) earned on Rs. 25,000 in 3 years at the same rate?

Rahi deposited Rs. 600 in a bank that promised 8% simple interest per annum. If Rahi kept the money with the bank for 5 years, she will earn an interest of: