1502 + Mcqs in Simple Interest Page 17 McqOptions

801.	In a scheme ₹ 200 was invested for one year, which provides 10% annual simple interest. Another ₹ 200 invested for one year in an other scheme, which provides compound interest at 10% semi-annually. How much more will be the interest earned under the second plan?
A.	50 paise
B.	No difference
C.	25 paise
D.	₹ 1
Answer» B. No difference

Discussion

802.	If the amount received at the end of 2nd and 3rd year at compound Interest on a certain Principal is Rs. 9,600 and Rs. 10,272 respectively, what is the rate of interest (in %)?
A.	7
B.	8
C.	6
D.	5
Answer» B. 8

Discussion

803.	A sum amounts to Rs.37,044 in 3 years at 5% p.a., interest is compounded yearly. If the same sum amounts to Rs.x in 2 years at 15% p.a. when the interest is compounded 8-monthly, then the value of x (in Rs) is∶
A.	40,174
B.	39,930
C.	41,261
D.	42,592
Answer» E.

Discussion

804.	Find the simple interest on Rs. 1,500 at the rate of 10% p.a. for 3 years.
A.	Rs. 400
B.	Rs. 405
C.	Rs. 460
D.	Rs. 450
Answer» E.

Discussion

805.	Ms. Kavitha borrowed Rs. 950 at 6% per annum simple interest. What amount will she pay, to clear her debt after 4 years?A. 282B. 1187C. 1178D. 228
A.	A
B.	C
C.	B
D.	D
Answer» C. B

Discussion

806.	A sum amounts to Rs. 1352 in 2 year at 4% compound interest. The sum is
A.	Rs. 1250
B.	Rs. 1200
C.	Rs. 1300
D.	Rs. 1260
Answer» B. Rs. 1200

Discussion

807.	Find the compound interest for 6 years where P = Rs. 1,500, R = 10% and it is compounded every two years.
A.	Rs. 1,092
B.	Rs. 1,290
C.	Rs. 1,902
D.	Rs. 1,029
Answer» B. Rs. 1,290

Discussion

808.	Amit invested same amount of money for T years and (T + 4) years at the rate of interest 10% and 20% respectively. The interest received on the amount invested is Rs. 1000 and 4000 respectively. Then find the value of T
A.	4 years
B.	5 years
C.	3 years
D.	6 years
E.	8 years
Answer» B. 5 years

Discussion

809.	A sum of ₹ 10000 is lent on simple interest at the rate of 15% per annum. What is the difference between Simple interest for 6 years and the simple interest for 2 years?
A.	₹4000
B.	₹8000
C.	₹6000
D.	₹4500
Answer» D. ₹4500

Discussion

810.	In what time will the simple interest be 2/5 of the principal at 8% per annum?
A.	7 years
B.	5 years
C.	8 years
D.	6 years
Answer» C. 8 years

Discussion

811.	In 3 years at simple interest the principal increases by 24%. What will be the compound interest (in Rs.) earned on Rs.5,000 in 2 years at the same rate?
A.	725
B.	840
C.	832
D.	816
Answer» D. 816

Discussion

812.	A sum becomes two times in 7 years at compound interest. In how many years the same sum will become 16 times?
A.	21
B.	28
C.	35
D.	19
Answer» C. 35

Discussion

813.	Dividend due at the end of a year on 250 shares of Rs. 50 each, if the half yearly dividend is 4% of the value of share, is
A.	Rs. 800
B.	Rs. 900
C.	Rs. 1,000
D.	Rs. 1,200
Answer» D. Rs. 1,200

Discussion

814.	A certain sum amounts to Rs. 280900 in 2 years at 6% per annum, interest compounded annually. The sum is:
A.	Rs. 550000
B.	Rs. 200000
C.	Rs. 250000
D.	Rs. 350000
Answer» D. Rs. 350000

Discussion

815.	An amount fetched a total simple interest of Rs. 3200 at the rate of 6.25% per year in 4 years. What is the amount (in Rs.)?
A.	13800
B.	11800
C.	12800
D.	14800
Answer» D. 14800

Discussion

816.	A sum of Rs. 3460 is lent at simple interest. If the rate of interest is 5% per annum, then what will be the simple interest for 5 years?
A.	Rs. 875
B.	Rs. 865
C.	Rs. 855
D.	Rs. 845
Answer» C. Rs. 855

Discussion

817.	A certain loan was returned in two equal half - yearly instalments each of Rs. 6,760. If the rate of interest was 8% p.a., compounded yearly, how much was the interest paid on the loan?
A.	Rs. 810
B.	Rs. 750
C.	Rs. 790
D.	Rs. 770
Answer» E.

Discussion

818.	A certain principal invested in a scheme of compound interest. The amount obtained after 2 year is Rs. 3630 and the amount obtained after 3 years is Rs. 3993. What is the rate of interest (in percentage)?
A.	10
B.	12
C.	18
D.	15
Answer» B. 12

Discussion

819.	A sum of Rs. 10500 becomes Rs. 17745 in 2 years at the rate of compound interest. If the interest is compounded annually, then what will be the rate of interest?
A.	40%
B.	30%
C.	25%
D.	20%
Answer» C. 25%

Discussion

820.	If the interest on Rs. 800 in 3 years at 4% Simple Interest equals twice the interest on Rs. 300 at 8% in 'n' years, find 'n'.
A.	2
B.	4
C.	1.5
D.	3
Answer» B. 4

Discussion

821.	At what rate per annum will a sum of Rs. 15,800 become Rs. 21,488 after 18 months, at simple interest?
A.	16%
B.	12%
C.	24%
D.	18%
Answer» D. 18%

Discussion

822.	Amit borrowed ₹8000 from a moneylender with Simple interest for as many years as the rate of interest. If he paid ₹2000 as interest at the end of loan period, what was the rate of interest?
A.	5%
B.	7%
C.	6%
D.	8%
Answer» B. 7%

Discussion

823.	A certain amounts triples in 8 years, when invested at simple interest. In how many years will it become 17 times?
A.	56
B.	64
C.	51
D.	75
Answer» C. 51

Discussion

824.	A sum of Rs. P was borrowed and paid back in two equal yearly instalments, each of Rs. 35,280. If the rate of interest was 5% compounded annually, then the value of P is:
A.	65,400
B.	64,400
C.	65,600
D.	64,800
Answer» D. 64,800

Discussion

825.	Ajay invested his deposit capital in a bank. This amount becomes Rs. 1120 in 2 years with interest and Rs. 1300 in 5 years. What will be the original amount? (approximately)
A.	Rs. 800
B.	Rs. 1000
C.	Rs. 960
D.	Rs. 900
Answer» C. Rs. 960

Discussion

826.	Find the compound interest on an amount of Rs. 5120 at the rate of 12.5% (compounded annually) for 3 years.
A.	Rs. 2280
B.	Rs. 1960
C.	Rs. 2170
D.	Rs. 2120
Answer» D. Rs. 2120

Discussion

827.	For an amount, simple interest at the rate of interest of 12% per annum for 6 years is Rs. 25920. What will be the compound interest (in Rs) on same amount at the rate of interest of 8% per annum compounding annually for 2 years?
A.	4326.3
B.	5563.4
C.	5888.6
D.	5990.4
Answer» E.

Discussion

828.	A sum of Rs. 4000 becomes Rs. 6000 in 1 year at a certain rate of compound interest. What will be the sum (in Rs.) after 4 years?
A.	16250
B.	12000
C.	20250
D.	19500
Answer» D. 19500

Discussion

829.	An amount of Rs 200 was invested in a one-year plan, in which 10% annual simple interest was offered, compounded annually in interest. Another amount of Rs 200 was iinvested in a one-year plan at 10% per annum, but interest was compounded half-yearly. How much more will be the interest earned under the second plan?
A.	10 paisa
B.	25 paisa
C.	1 paisa
D.	50 paisa
Answer» E.

Discussion

830.	In how many years shall Rs. 3,500 invested at the rate of 10% simple interest per annum, amount to Rs. 4,500?
A.	\(2\frac {4}{7}\) years
B.	\(2\frac {3}{7}\) years
C.	\(2\frac {6}{7}\) years
D.	\(2\frac {5}{7}\)years
Answer» D. \(2\frac {5}{7}\)years

Discussion

831.	A certain sum of money amounts to Rs. 8,928 in two years and to Rs. 10,224 in \(3\frac{1}{2}\) years, both at simple interest. The rate of interest per annum is:
A.	12%
B.	10%
C.	9%
D.	15%
Answer» B. 10%

Discussion

832.	At what rate of interest will a sum of Rs. 4,500 amount to Rs. 6,525 at simple interest for 5 years?
A.	8%
B.	9%
C.	10%
D.	12%
Answer» C. 10%

Discussion

833.	A sum of money invested at compound interest amounts in 3 years to Rs.2,400 and in 4 years to Rs.2,520. The interest rate per annum is:
A.	12%
B.	6%
C.	5%
D.	10%
Answer» D. 10%

Discussion

834.	A sum of Rs 10000 becomes Rs 14641 when invested at compound interest at the yearly interest rate of 20% per annum. If the compounding is done half yearly, then for how many years was the sum invested?
A.	1
B.	2
C.	3
D.	4
Answer» C. 3

Discussion

835.	If the interest on a sum of money is 1 paisa per rupee per month, what will be the percentage of the annual interest rate?
A.	\(10\frac{1}{2}\%\)
B.	12%
C.	10%
D.	15%
Answer» C. 10%

Discussion

836.	In how many years will a sum of Rs. 8,000 amount to Rs. 9,261 at a rate of 5% p.a compound interest?
A.	3
B.	11
C.	5
D.	9
Answer» B. 11

Discussion

837.	Rajesh took a loan of Rs. 12,000 for 3 years at simple interest. If the total interest paid by him is Rs. 2,700, what is rate of interest per annum?
A.	2.5%
B.	7.5%
C.	10%
D.	15%
Answer» C. 10%

Discussion

838.	A sum of ₹ 1,000 becomes ₹ 1,144.90 in 2 years. At what rate is the interest is compounded annually?
A.	7%
B.	5%
C.	8%
D.	6%
Answer» B. 5%

Discussion

839.	A sum was invested on simple interest at a certain rate for 5 years. If the interest rate is increased by 2%, then the interest increases by Rs. 190. What is the sum (in Rs) invested?
A.	1300
B.	1600
C.	1900
D.	2200
Answer» D. 2200

Discussion

840.	Divide Rs. 1301 between A and B so that the amount of A after 7 years is equal to the amount of B after 9 years, the interest being compound at 4% per annum.
A.	Rs. 676, Rs. 625
B.	Rs. 726, Rs. 780
C.	Rs. 816, Rs. 856
D.	Rs. 856, Rs. 926
Answer» B. Rs. 726, Rs. 780

Discussion

841.	A man borrowed Rs. 8000 at 6% per annum simple interest of 5yr. After 3 years he returned Rs. 7000. How much amount should he return at the end to settle the loan?
A.	Rs. 2732.80
B.	2612.20
C.	Rs. 2824.40
D.	Rs. 2190.50
Answer» B. 2612.20

Discussion

842.	A sum of Rs. 1000 is invested at a rate of 30% per annum at compound interest but compounded in every four months, will give an amount of Rs. _____ in one year.
A.	1331
B.	1300
C.	1327
D.	1330
Answer» B. 1300

Discussion

843.	What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years?
A.	1 : 3
B.	1 : 4
C.	2 : 3
D.	Data inadequate
Answer» D. Data inadequate

Discussion

844.	A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6(1/4) p.a for 2 years. Find his gain in the transaction per year.
A.	Rs. 112.50
B.	Rs. 125
C.	Rs. 150
D.	Rs. 167.50
Answer» B. Rs. 125

Discussion

845.	Mr. Satish invested an amount of Rs. 12000 at the simple interest rate of 10% per annum and another amount at the simple interest rate of 20% per annum. The total interest earned at the end of one yea
A.	20,000
B.	21,000
C.	20,800
D.	21,000
Answer» B. 21,000

Discussion

846.	A sum of Rs. 7700 is to be divided among three brothers Suresh, Bala and Krishnan in such a way that simple interest on each part at 5% per annum after 1, 2 and 3 years, respectively remains equal. Th
A.	2500
B.	2800
C.	3000
D.	3200
Answer» C. 3000

Discussion

847.	An amount of Rs. 1,00,000 is invested in two types of shares. The first yields an interest of 9% per annum and the second, 11% per annum. If the total interest at the end of one year is 9 3/4 %, then
A.	Rs 52,500 ; Rs 47,500
B.	Rs 72,500 ; Rs 27,500
C.	Rs 62,500 ; Rs 37,500
D.	Rs 82,500 ; Rs 17,500
Answer» D. Rs 82,500 ; Rs 17,500

Discussion

848.	What would be the simple interest accrued in 4 yr on a principle of ₹ 18440 at the rate 15% per annum ?
A.	11075
B.	12250
C.	11500
D.	12985
Answer» E.

Discussion

849.	Mr. Patel borrowed Rs. 8000 from Mr. Chobey at simple interest. After 2 years he paid Rs. 800 more than what be borrowed and thus cleared the loan. What was the rate of interest ?
A.	6
B.	8
C.	5
D.	None of these
Answer» D. None of these

Discussion

850.	If a sum of money double itself in 20 years. What is the rate of simple interest per cent per year ?
A.	4%
B.	8%
C.	5%
D.	10%
Answer» D. 10%

Discussion

Explore topic-wise MCQs in General Aptitude.

In a scheme ₹ 200 was invested for one year, which provides 10% annual simple interest. Another ₹ 200 invested for one year in an other scheme, which provides compound interest at 10% semi-annually. How much more will be the interest earned under the second plan?

If the amount received at the end of 2nd and 3rd year at compound Interest on a certain Principal is Rs. 9,600 and Rs. 10,272 respectively, what is the rate of interest (in %)?

A sum amounts to Rs.37,044 in 3 years at 5% p.a., interest is compounded yearly. If the same sum amounts to Rs.x in 2 years at 15% p.a. when the interest is compounded 8-monthly, then the value of x (in Rs) is∶

Find the simple interest on Rs. 1,500 at the rate of 10% p.a. for 3 years.

Ms. Kavitha borrowed Rs. 950 at 6% per annum simple interest. What amount will she pay, to clear her debt after 4 years?A. 282B. 1187C. 1178D. 228

A sum amounts to Rs. 1352 in 2 year at 4% compound interest. The sum is

Find the compound interest for 6 years where P = Rs. 1,500, R = 10% and it is compounded every two years.

Amit invested same amount of money for T years and (T + 4) years at the rate of interest 10% and 20% respectively. The interest received on the amount invested is Rs. 1000 and 4000 respectively. Then find the value of T

A sum of ₹ 10000 is lent on simple interest at the rate of 15% per annum. What is the difference between Simple interest for 6 years and the simple interest for 2 years?

In what time will the simple interest be 2/5 of the principal at 8% per annum?

In 3 years at simple interest the principal increases by 24%. What will be the compound interest (in Rs.) earned on Rs.5,000 in 2 years at the same rate?

A sum becomes two times in 7 years at compound interest. In how many years the same sum will become 16 times?

Dividend due at the end of a year on 250 shares of Rs. 50 each, if the half yearly dividend is 4% of the value of share, is

A certain sum amounts to Rs. 280900 in 2 years at 6% per annum, interest compounded annually. The sum is:

An amount fetched a total simple interest of Rs. 3200 at the rate of 6.25% per year in 4 years. What is the amount (in Rs.)?

A sum of Rs. 3460 is lent at simple interest. If the rate of interest is 5% per annum, then what will be the simple interest for 5 years?

A certain loan was returned in two equal half - yearly instalments each of Rs. 6,760. If the rate of interest was 8% p.a., compounded yearly, how much was the interest paid on the loan?

A certain principal invested in a scheme of compound interest. The amount obtained after 2 year is Rs. 3630 and the amount obtained after 3 years is Rs. 3993. What is the rate of interest (in percentage)?

A sum of Rs. 10500 becomes Rs. 17745 in 2 years at the rate of compound interest. If the interest is compounded annually, then what will be the rate of interest?

If the interest on Rs. 800 in 3 years at 4% Simple Interest equals twice the interest on Rs. 300 at 8% in 'n' years, find 'n'.

At what rate per annum will a sum of Rs. 15,800 become Rs. 21,488 after 18 months, at simple interest?

Amit borrowed ₹8000 from a moneylender with Simple interest for as many years as the rate of interest. If he paid ₹2000 as interest at the end of loan period, what was the rate of interest?

A certain amounts triples in 8 years, when invested at simple interest. In how many years will it become 17 times?

A sum of Rs. P was borrowed and paid back in two equal yearly instalments, each of Rs. 35,280. If the rate of interest was 5% compounded annually, then the value of P is:

Ajay invested his deposit capital in a bank. This amount becomes Rs. 1120 in 2 years with interest and Rs. 1300 in 5 years. What will be the original amount? (approximately)

Find the compound interest on an amount of Rs. 5120 at the rate of 12.5% (compounded annually) for 3 years.

For an amount, simple interest at the rate of interest of 12% per annum for 6 years is Rs. 25920. What will be the compound interest (in Rs) on same amount at the rate of interest of 8% per annum compounding annually for 2 years?

A sum of Rs. 4000 becomes Rs. 6000 in 1 year at a certain rate of compound interest. What will be the sum (in Rs.) after 4 years?

In how many years shall Rs. 3,500 invested at the rate of 10% simple interest per annum, amount to Rs. 4,500?

A certain sum of money amounts to Rs. 8,928 in two years and to Rs. 10,224 in \(3\frac{1}{2}\) years, both at simple interest. The rate of interest per annum is:

At what rate of interest will a sum of Rs. 4,500 amount to Rs. 6,525 at simple interest for 5 years?

A sum of money invested at compound interest amounts in 3 years to Rs.2,400 and in 4 years to Rs.2,520. The interest rate per annum is:

A sum of Rs 10000 becomes Rs 14641 when invested at compound interest at the yearly interest rate of 20% per annum. If the compounding is done half yearly, then for how many years was the sum invested?

If the interest on a sum of money is 1 paisa per rupee per month, what will be the percentage of the annual interest rate?

In how many years will a sum of Rs. 8,000 amount to Rs. 9,261 at a rate of 5% p.a compound interest?

Rajesh took a loan of Rs. 12,000 for 3 years at simple interest. If the total interest paid by him is Rs. 2,700, what is rate of interest per annum?

A sum of ₹ 1,000 becomes ₹ 1,144.90 in 2 years. At what rate is the interest is compounded annually?

A sum was invested on simple interest at a certain rate for 5 years. If the interest rate is increased by 2%, then the interest increases by Rs. 190. What is the sum (in Rs) invested?

Divide Rs. 1301 between A and B so that the amount of A after 7 years is equal to the amount of B after 9 years, the interest being compound at 4% per annum.

A man borrowed Rs. 8000 at 6% per annum simple interest of 5yr. After 3 years he returned Rs. 7000. How much amount should he return at the end to settle the loan?

A sum of Rs. 1000 is invested at a rate of 30% per annum at compound interest but compounded in every four months, will give an amount of Rs. _____ in one year.

What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years?

A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6(1/4) p.a for 2 years. Find his gain in the transaction per year.

Mr. Satish invested an amount of Rs. 12000 at the simple interest rate of 10% per annum and another amount at the simple interest rate of 20% per annum. The total interest earned at the end of one yea

A sum of Rs. 7700 is to be divided among three brothers Suresh, Bala and Krishnan in such a way that simple interest on each part at 5% per annum after 1, 2 and 3 years, respectively remains equal. Th

An amount of Rs. 1,00,000 is invested in two types of shares. The first yields an interest of 9% per annum and the second, 11% per annum. If the total interest at the end of one year is 9 3/4 %, then

What would be the simple interest accrued in 4 yr on a principle of ₹ 18440 at the rate 15% per annum ?

Mr. Patel borrowed Rs. 8000 from Mr. Chobey at simple interest. After 2 years he paid Rs. 800 more than what be borrowed and thus cleared the loan. What was the rate of interest ?

If a sum of money double itself in 20 years. What is the rate of simple interest per cent per year ?