1502 + Mcqs in Simple Interest Page 22 McqOptions

1051.	What will be the compound interest on a amount of Rs. 12000, if the interest is compounded half-yearly at 20% per annum for 1 1/2 years ?
A.	Rs. 3672
B.	Rs. 3772
C.	Rs. 3872
D.	Rs. 3972
Answer» E.

Discussion

1052.	In what time will Rs. 4200 amount to Rs. 4898.88 at 16% compound interest payable helf-yearly ?
A.	1 Year
B.	1.5 Year
C.	2 Year
D.	2.5 Year
Answer» B. 1.5 Year

Discussion

1053.	Giridhar invested equal money in two schemes. Under Scheme A, the S.I rate was 15 %. and under Scheme B the C.I rate was 20%. The interest after 2 years Scheme B was Rs 45. How much interest in scheme
A.	Rs 20.68
B.	Rs 30.68
C.	Rs 40.68
D.	Rs 50.68
Answer» C. Rs 40.68

Discussion

1054.	What would be the Compound interest accrued on an amount of Rs 16,000 at the rate of 10 p.c.p.a. at the end of three years ?
A.	Rs. 2296
B.	Rs. 3296
C.	Rs. 4296
D.	Rs. 5296
Answer» E.

Discussion

1055.	A person invested 4 lakh at interest rate 23% per annum for one year. If the interest is compounded half-yearly, what amount of interest will the person get at the end of that year ?
A.	94290
B.	95290
C.	96290
D.	97290
Answer» E.

Discussion

1056.	What would be the compound interest accrued on an amount of Rs. 8,400 at the rate of 12.5 p.c.p.a. at the end of 3 years ? (rounded off to two digits after decimal)
A.	Rs. 1560.16
B.	Rs. 2560.16
C.	Rs. 3560.16
D.	Rs. 4560.16
Answer» D. Rs. 4560.16

Discussion

1057.	On what principal will the compound interest for 3 years at 5% pa amount to Rs. 346.775 ?
A.	Rs. 2000
B.	Rs. 2200
C.	Rs. 2700
D.	Rs. 3200
Answer» C. Rs. 2700

Discussion

1058.	The simple interest on a certain sum of money for 2 years at 8% per annum is Rs 2200. What will be the compound interest at the same rate and for the same time ?
A.	Rs 2258
B.	Rs 2268
C.	Rs 2278
D.	Rs 2288
Answer» E.

Discussion

1059.	If Rs 600 becomes Rs 3600 in 20 years on a simple interest rate 'R*, then what is the rate of interest (value of R) ?
A.	20 %
B.	25 %
C.	30 %
D.	35 %
Answer» C. 30 %

Discussion

1060.	What is rate of interest ? I Total compound interest on Rs 1600 after 3 years is Rs 529.60. II Total simple interest on Rs 2000 after4 years in Rs 800.
A.	If statement (I) alone is sufficient to answer, while statement (II) alone is not sufficient.
B.	If statement (II) alone is sufficient to answer, while statement (I) alone is not sufficient.
C.	If either statement (I) or (II) is sufficient.
D.	If both statements (I) and (II) together are necessary.
Answer» D. If both statements (I) and (II) together are necessary.

Discussion

1061.	The simple interest accrued on an amount of Rs 19,800 at the end of three years is Rs 7,128. What would be the Compound interest accrued on the same amount at the same rate in the same period ?
A.	Rs 7017.5744
B.	Rs 8017.5744
C.	Rs 9017.5744
D.	Rs 10017.5744
Answer» C. Rs 9017.5744

Discussion

1062.	A sum was put at simple interest at a certain rate for 10 years. Had it been put at 5% higher rate it would have, fetched Rs 600 more. What was the sum ?
A.	Rs. 600
B.	Rs. 800
C.	Rs. 1000
D.	Rs. 1200
Answer» E.

Discussion

1063.	A person invested Rs. 25000 in bank for 2 years at simple interest at rate 30% per annum. After 2 years, the person invested the whole amount in another scheme for 3 years at C.I at 10%?find Interest
A.	Rs. 26240
B.	Rs. 28240
C.	Rs. 30240
D.	Rs. 32240
Answer» C. Rs. 30240

Discussion

1064.	A person lent a certain sum of money at 8% simple interest and in eight years, the interest amounted to Rs. 635.40 less than the amount lent. What is the amount the person lent ?
A.	Rs. 1465
B.	Rs. 1565
C.	Rs. 1665
D.	Rs. 1765
Answer» E.

Discussion

1065.	A certain amount becomes Rs. 627200 in two years and Rs.702464 in three years. If the interest is compounded yearly what is the rate of interest ?
A.	10 %
B.	12 %
C.	14 %
D.	16 %
Answer» C. 14 %

Discussion

1066.	A person lends Rs. 1540 for five years and Rs. 1800 for four years. If he gets Rs. 1788 as interest on both amounts, what is the rate of interest ?
A.	11%
B.	12%
C.	13%
D.	14%
Answer» C. 13%

Discussion

1067.	A certain amount of money grows to Rs. 67600 in two years and to Rs. 87880 in three years on interest compounded annually. What is the rate of interest ?
A.	10 %
B.	20 %
C.	30 %
D.	40 %
Answer» D. 40 %

Discussion

1068.	The simple interest on a sum of money will be Rs. 1760 after eight years. If the principal is doubled after three years, what will be the total interest at the end of eight years ?
A.	Rs. 860
B.	Rs. 1860
C.	Rs. 2860
D.	Rs. 3860
Answer» D. Rs. 3860

Discussion

1069.	A man gets a simple interest of Rs. 1,000 on a certain principal at the rate of 5 p.c.p.a. in 4 years. What compound interest will the man get on twice the principal in two years at the same rate ?
A.	Rs. 1325
B.	Rs. 1225
C.	Rs. 1125
D.	Rs. 1025
Answer» E.

Discussion

1070.	The simple interest on a sum of money will be Rs. 1620 after six years. If the principal is increased by 100% after three years, what will the total interest be after six years ?
A.	Rs. 1430
B.	Rs. 2430
C.	Rs. 3430
D.	Rs. 4430
Answer» C. Rs. 3430

Discussion

1071.	What will be the accrued compound interest at the end of two years, on an amount of Rs. 40 lakh @ 10% pa compounded half-yearly ?
A.	Rs. 852025
B.	Rs. 862025
C.	Rs. 872025
D.	Rs. 882025
Answer» C. Rs. 872025

Discussion

1072.	What will be the difference between the simple and the compound interest at the rate of 15% per annum on a sum of Rs 12000 after 3 years ?
A.	Rs. 550.5
B.	Rs. 650.5
C.	Rs. 750.5
D.	Rs. 850.5
Answer» E.

Discussion

1073.	A sum becomes Rs. 11,760, in 8 years at 12% per annum on simple interest. What is the principal ?
A.	Rs. 6000
B.	Rs. 6100
C.	Rs. 6200
D.	Rs. 6300
Answer» B. Rs. 6100

Discussion

1074.	In what time will Rs. 1000 amount to Rs.1331 at 20% per annum, compounded half - yearly ?
A.	1 years
B.	1 1/2 years
C.	2 years
D.	2 1/2 years
Answer» C. 2 years

Discussion

1075.	If Rs. 3,450/- are invested at 11.5 p.c.p.a. simple interest for two years, how much interest will be obtained at the end of two years?
A.	Rs. 593.50
B.	Rs. 693.50
C.	Rs. 793.50
D.	Rs. 893.50
Answer» D. Rs. 893.50

Discussion

1076.	A person invest Rs. 2 lacs at 12% p.a. for one year. If the invests Rs. 500 more, he is eligible for 13% p.a.interest. How much more interest he would receive if he would have accepted the second opti
A.	Rs. 1,165
B.	Rs. 1,465
C.	Rs. 1,765
D.	Rs. 2,065
Answer» E.

Discussion

1077.	What approximate compound interest can be obtained on an amount of Rs. 5,850 at the rate of 8 p.c.p.a at the end of 3 years ?
A.	Rs.1,519
B.	Rs.1,619
C.	Rs.1,719
D.	Rs.1,819
Answer» B. Rs.1,619

Discussion

1078.	Vijay borrowed some money from Vishnu at simple interest of 8% per cent eight months. If after 4 years Vishnu got Rs. 2,664 as principal and interest, how much did Vijay borrow from Vishnu?
A.	Rs. 400
B.	Rs. 800
C.	Rs. 1800
D.	Rs. 2800
Answer» D. Rs. 2800

Discussion

1079.	What would the compound interest obtained on an amount of Rs. 4,000 at the rate of 5 p.c.p.a after 3 years?
A.	Rs. 630.50
B.	Rs. 640.50
C.	Rs. 650.50
D.	Rs. 660.50
Answer» B. Rs. 640.50

Discussion

1080.	What should be the simple interest obtained on an amount of Rs 2800 at the rate of 16% p.a. after 3 years ?
A.	Rs. 1144
B.	Rs. 1244
C.	Rs. 1344
D.	Rs. 1444
Answer» D. Rs. 1444

Discussion

1081.	What would be the compound interest obtained on an amount of Rs 6875 at the rate of 8% p.a. after two years ?
A.	Rs. 944
B.	Rs. 1044
C.	Rs. 1144
D.	Rs. 1244
Answer» D. Rs. 1244

Discussion

1082.	Mr. Karan borrowed a certain amount at 6% per annum simple interest for 9 years. After 9 years, he returned Rs. 8110/-. Find out the amount that he borrowed.
A.	5,128 Rs.
B.	5,266 Rs
C.	5,376 Rs.
D.	None of the above
Answer» C. 5,376 Rs.

Discussion

1083.	A sum of Rs. 4000 amounts to Rs. 4600 in 5 years at a certain rate of simple interest. What would be the amount, if the rate of interest is increased by 3 %.
A.	Rs. 5800
B.	Rs. 5400
C.	Rs. 5200
D.	Rs. 5000
Answer» D. Rs. 5000

Discussion

1084.	Find the principal which yields a simple interest of Rs. 20 and compound interest of Rs. 21 in two years, at the same percent rate per annum?
A.	Rs. 190
B.	Rs. 200
C.	Rs. 220
D.	Rs. 240
Answer» C. Rs. 220

Discussion

1085.	On what sum of money lent out at 9% per annum simple interest for 6 years does the simple interest amount to Rs. 810
A.	500 Rs.
B.	1000 Rs.
C.	1500 Rs.
D.	2000 Rs.
Answer» D. 2000 Rs.

Discussion

1086.	Find SI if P= Rs. 730, R = 10% per annum, T = 120 days
A.	18 Rs.
B.	24 Rs.
C.	48 Rs.
D.	64 Rs.
Answer» C. 48 Rs.

Discussion

1087.	Mr Tarun deposits an amount of Rs 23000 to obtain a simple interest at the rate of 13% p.a. What total amount will he get at the end of 9 years ?
A.	Rs. 47910
B.	Rs. 48910
C.	Rs. 49910
D.	Rs. 50910
Answer» D. Rs. 50910

Discussion

1088.	What would be the compound interest obtained on an amount of Rs 2700 at the rate of 9% p.a. after 2 years ?
A.	Rs. 207.87
B.	Rs. 307.87
C.	Rs. 407.87
D.	Rs. 507.87
Answer» E.

Discussion

1089.	What would be the simple interest obtained on an amount of Rs 4654 at the rate of 5 pcpa after 2 hours ?
A.	Rs. 465.50
B.	Rs. 475.50
C.	Rs. 480
D.	Rs. 495.50
Answer» B. Rs. 475.50

Discussion

1090.	What should be the simple interest obtained on an amount of Rs 67400 at the rate of 8% p.a. after 3 years.
A.	Rs. 15176
B.	Rs. 16176
C.	Rs. 17176
D.	Rs. 18176
Answer» C. Rs. 17176

Discussion

1091.	What would be the compound interest obtained on an amount of Rs 4400 at the rate of 10% p.a. after 2 years ?
A.	Rs. 821
B.	Rs. 896
C.	Rs. 924
D.	Rs. 977
Answer» D. Rs. 977

Discussion

1092.	Tannu invests an amount of Rs 9535 at the rate of 4% p.a. to obtain a total amount of Rs 11442 on simple interest after a certain period. For how many years did she invest the amount to obtain the tot
A.	4 years
B.	5 years
C.	6 years
D.	7 years
Answer» C. 6 years

Discussion

1093.	Mohan invests an amount of Rs 7690 at the rate of 7% p.a. for 2 years. What approximate amount of compound interest will be obtained after 2 years ?
A.	Rs. 1114
B.	Rs. 1124
C.	Rs. 1134
D.	Rs. 1144
Answer» B. Rs. 1124

Discussion

1094.	What approximate amount of compound interest can be -obtained on an amount of Rs 2575 at the rate of 5% p.a. at the end-of 2 years ?
A.	Rs. 254
B.	Rs. 264
C.	Rs. 274
D.	Rs. 284
Answer» C. Rs. 274

Discussion

1095.	What would be the simple interest obtained on an amount of Rs 3540 at the rate of 7.5% p.a. after 5 years ?
A.	Rs. 1321.5
B.	Rs. 1323.5
C.	Rs. 1325.5
D.	Rs. 1327.5
Answer» E.

Discussion

1096.	What is the interest received on a principal of Rs 650 for 3 years if the interest received on Re 1 after 5 years at the same rate of SI is Re 0.50 ?
A.	Rs. 195
B.	Rs. 200
C.	Rs. 205
D.	Rs. 210
Answer» B. Rs. 200

Discussion

1097.	If the difference between the simple interest and the compound interest earned on a sum of money at the rate of 4% p.a. for 2 years is Rs 18, what is the principal ?
A.	Rs. 9250
B.	Rs. 10250
C.	Rs. 11250
D.	Rs. 12250
Answer» D. Rs. 12250

Discussion

1098.	What will be the compound interest on an amount of Rs 46875 for a period of 3 years at 4% p.a. ?
A.	Rs. 5853
B.	Rs. 5863
C.	Rs. 5873
D.	Rs. 5883
Answer» B. Rs. 5863

Discussion

1099.	Raj invested an amount for two years at a simple interest rate of 8% p.a. He got an amount of Rs 14500 at the end of two years. How much amount did he invest ?
A.	Rs. 11500
B.	Rs. 12100
C.	Rs. 12225
D.	Rs. 12500
Answer» E.

Discussion

1100.	In what time will Rs 500 amount to Rs 650 at 6% per annum ?
A.	5 years
B.	6 years
C.	7 years
D.	8 years
Answer» B. 6 years

Discussion

Explore topic-wise MCQs in General Aptitude.

What will be the compound interest on a amount of Rs. 12000, if the interest is compounded half-yearly at 20% per annum for 1 1/2 years ?

In what time will Rs. 4200 amount to Rs. 4898.88 at 16% compound interest payable helf-yearly ?

Giridhar invested equal money in two schemes. Under Scheme A, the S.I rate was 15 %. and under Scheme B the C.I rate was 20%. The interest after 2 years Scheme B was Rs 45. How much interest in scheme

What would be the Compound interest accrued on an amount of Rs 16,000 at the rate of 10 p.c.p.a. at the end of three years ?

A person invested 4 lakh at interest rate 23% per annum for one year. If the interest is compounded half-yearly, what amount of interest will the person get at the end of that year ?

What would be the compound interest accrued on an amount of Rs. 8,400 at the rate of 12.5 p.c.p.a. at the end of 3 years ? (rounded off to two digits after decimal)

On what principal will the compound interest for 3 years at 5% pa amount to Rs. 346.775 ?

The simple interest on a certain sum of money for 2 years at 8% per annum is Rs 2200. What will be the compound interest at the same rate and for the same time ?

If Rs 600 becomes Rs 3600 in 20 years on a simple interest rate 'R*, then what is the rate of interest (value of R) ?

What is rate of interest ? I Total compound interest on Rs 1600 after 3 years is Rs 529.60. II Total simple interest on Rs 2000 after4 years in Rs 800.

The simple interest accrued on an amount of Rs 19,800 at the end of three years is Rs 7,128. What would be the Compound interest accrued on the same amount at the same rate in the same period ?

A sum was put at simple interest at a certain rate for 10 years. Had it been put at 5% higher rate it would have, fetched Rs 600 more. What was the sum ?

A person invested Rs. 25000 in bank for 2 years at simple interest at rate 30% per annum. After 2 years, the person invested the whole amount in another scheme for 3 years at C.I at 10%?find Interest

A person lent a certain sum of money at 8% simple interest and in eight years, the interest amounted to Rs. 635.40 less than the amount lent. What is the amount the person lent ?

A certain amount becomes Rs. 627200 in two years and Rs.702464 in three years. If the interest is compounded yearly what is the rate of interest ?

A person lends Rs. 1540 for five years and Rs. 1800 for four years. If he gets Rs. 1788 as interest on both amounts, what is the rate of interest ?

A certain amount of money grows to Rs. 67600 in two years and to Rs. 87880 in three years on interest compounded annually. What is the rate of interest ?

The simple interest on a sum of money will be Rs. 1760 after eight years. If the principal is doubled after three years, what will be the total interest at the end of eight years ?

A man gets a simple interest of Rs. 1,000 on a certain principal at the rate of 5 p.c.p.a. in 4 years. What compound interest will the man get on twice the principal in two years at the same rate ?

The simple interest on a sum of money will be Rs. 1620 after six years. If the principal is increased by 100% after three years, what will the total interest be after six years ?

What will be the accrued compound interest at the end of two years, on an amount of Rs. 40 lakh @ 10% pa compounded half-yearly ?

What will be the difference between the simple and the compound interest at the rate of 15% per annum on a sum of Rs 12000 after 3 years ?

A sum becomes Rs. 11,760, in 8 years at 12% per annum on simple interest. What is the principal ?

In what time will Rs. 1000 amount to Rs.1331 at 20% per annum, compounded half - yearly ?

If Rs. 3,450/- are invested at 11.5 p.c.p.a. simple interest for two years, how much interest will be obtained at the end of two years?

A person invest Rs. 2 lacs at 12% p.a. for one year. If the invests Rs. 500 more, he is eligible for 13% p.a.interest. How much more interest he would receive if he would have accepted the second opti

What approximate compound interest can be obtained on an amount of Rs. 5,850 at the rate of 8 p.c.p.a at the end of 3 years ?

Vijay borrowed some money from Vishnu at simple interest of 8% per cent eight months. If after 4 years Vishnu got Rs. 2,664 as principal and interest, how much did Vijay borrow from Vishnu?

What would the compound interest obtained on an amount of Rs. 4,000 at the rate of 5 p.c.p.a after 3 years?

What should be the simple interest obtained on an amount of Rs 2800 at the rate of 16% p.a. after 3 years ?

What would be the compound interest obtained on an amount of Rs 6875 at the rate of 8% p.a. after two years ?

Mr. Karan borrowed a certain amount at 6% per annum simple interest for 9 years. After 9 years, he returned Rs. 8110/-. Find out the amount that he borrowed.

A sum of Rs. 4000 amounts to Rs. 4600 in 5 years at a certain rate of simple interest. What would be the amount, if the rate of interest is increased by 3 %.

Find the principal which yields a simple interest of Rs. 20 and compound interest of Rs. 21 in two years, at the same percent rate per annum?

On what sum of money lent out at 9% per annum simple interest for 6 years does the simple interest amount to Rs. 810

Find SI if P= Rs. 730, R = 10% per annum, T = 120 days

Mr Tarun deposits an amount of Rs 23000 to obtain a simple interest at the rate of 13% p.a. What total amount will he get at the end of 9 years ?

What would be the compound interest obtained on an amount of Rs 2700 at the rate of 9% p.a. after 2 years ?

What would be the simple interest obtained on an amount of Rs 4654 at the rate of 5 pcpa after 2 hours ?

What should be the simple interest obtained on an amount of Rs 67400 at the rate of 8% p.a. after 3 years.

What would be the compound interest obtained on an amount of Rs 4400 at the rate of 10% p.a. after 2 years ?

Tannu invests an amount of Rs 9535 at the rate of 4% p.a. to obtain a total amount of Rs 11442 on simple interest after a certain period. For how many years did she invest the amount to obtain the tot

Mohan invests an amount of Rs 7690 at the rate of 7% p.a. for 2 years. What approximate amount of compound interest will be obtained after 2 years ?

What approximate amount of compound interest can be -obtained on an amount of Rs 2575 at the rate of 5% p.a. at the end-of 2 years ?

What would be the simple interest obtained on an amount of Rs 3540 at the rate of 7.5% p.a. after 5 years ?

What is the interest received on a principal of Rs 650 for 3 years if the interest received on Re 1 after 5 years at the same rate of SI is Re 0.50 ?

If the difference between the simple interest and the compound interest earned on a sum of money at the rate of 4% p.a. for 2 years is Rs 18, what is the principal ?

What will be the compound interest on an amount of Rs 46875 for a period of 3 years at 4% p.a. ?

Raj invested an amount for two years at a simple interest rate of 8% p.a. He got an amount of Rs 14500 at the end of two years. How much amount did he invest ?

In what time will Rs 500 amount to Rs 650 at 6% per annum ?