1502 + Mcqs in Simple Interest Page 10 McqOptions

451.	Arun wants to pay Rs. 16000 cash for a colour television and Bala wants to purchase the same for Rs. 17776, due after 2 years. If the rate of simple interest is 5% per annum, which of the deals is better for the shopkeeper?
A.	Neither of the deal
B.	Both are the same
C.	From Arun
D.	From Bala
Answer» E.

Discussion

452.	Given below are three quantities named 1, 2 and 3. Based on the given information, you have to determine the relation among the three quantities. You should use the given data and knowledge of Mathematics to choose between the possible answer. The options represent the relations among three quantities.A. C. ≤D. ≥E. =Quantity 1: Sumit invested Rs. X for 2 years at the rate of R% per annum simple interest. The interest obtained is Rs. 450 less than the interest obtained when the same sum is invested for 2 years at the rate of (R + 9)% per annum simple interest. Find the value of X.Quantity 2: Ankit invested Rs. Y for 2 years at the rate of 10% per annum compounded annually. The interest obtained is 795 less than the compound interest received by him when he invested a sum of Rs. 3000 for 2 years at the rate of 20% per annum compounded annually. Find the value of Y.Quantity 3: Difference of CI and SI obtained on a sum of Rs. Z when invested for 2 years at 10% per annum is Rs. 20. Find the value of Z.
A.	A, E
B.	B, D
C.	E, B
D.	A, B
E.	E, A
Answer» D. A, B

Discussion

453.	A sum of Rs. 12,000 amounts to Rs. 20,736 in \(1\frac{1}{2}\) years at a certain rate per annum on compound interest, compounded half yearly. What will be the compound interest (in Rs.) of the same sum in 2 years at the same rate on compound interest. If the interest is compounded annually?
A.	12,510
B.	11,250
C.	15,210
D.	11,520
Answer» E.

Discussion

454.	For an amount of Rs. 14,000, a simple interest rate of 7% per annum yielded Rs. 15,960. In how many years was the maturity value attained?
A.	2
B.	1
C.	5
D.	3
Answer» B. 1

Discussion

455.	A certain sum amounts to Rs. 73,205 in 4 years at 10% p.a. interest being compounded yearly. What will be the simple interest on that sum for the same period and at the same rate?
A.	Rs. 20,000
B.	Rs. 19,600
C.	Rs. 19,500
D.	Rs. 18,800
Answer» B. Rs. 19,600

Discussion

456.	A sum amounts to Rs. 8,028 in 3 years and to Rs. 12,042 in 6 years at a certain rate percent per annum, when the interest is compounded yearly. Find the sum.
A.	Rs. 5,352
B.	Rs. 5,253
C.	Rs. 5,325
D.	Rs. 5,235
Answer» B. Rs. 5,253

Discussion

457.	Find the simple interest on a capital of Rs. 90,000 at a rate of 16.5% per annum for 3 years.
A.	Rs. 44550
B.	Rs. 42500
C.	Rs. 43550
D.	Rs. 44500
Answer» B. Rs. 42500

Discussion

458.	A certain sum amounts to Rs. 7200 in 2 years at 20% per annum compound interest, compounded annually. Find the sum.
A.	Rs. 4800
B.	Rs. 6000
C.	Rs. 5400
D.	Rs. 5000
Answer» E.

Discussion

459.	On a certain sum, the simple interest at the end of \(6\frac{1}{4}\) years becomes \(\frac{3}{8}^{th}\) of the sum. The rate percent is
A.	7%
B.	6%
C.	5%
D.	\(5\frac{1}{2}\%\)
Answer» C. 5%

Discussion

460.	Heera's savings per month is Rs. 650. 34% interest is credited to her account every year. So how much interest do you get each year?
A.	258 Rupees
B.	19.12 Rupees
C.	221 Rupees
D.	408 Rupees
Answer» D. 408 Rupees

Discussion

461.	A certain sum of money amounts to Rs. 1331 in 3 years at 10 percent compounded annually. Find the sum invested.
A.	Rs. 1050
B.	Rs. 1000
C.	Rs. 1132
D.	Rs. 1100
Answer» C. Rs. 1132

Discussion

462.	At the rate of any compound interest rate, a sum doubles itself in 3 years, then in how many years it will be 128 times of its own?
A.	25 Years
B.	23 years
C.	21 Years
D.	19 Years
Answer» D. 19 Years

Discussion

463.	A certain sum (in Rs) is invested at simple interest at x% p.a for 5 years. Had it been invested at (x + 5)% p.a the simple interest would have been Rs. 9,200 more than the earlier one. What is the sum?
A.	Rs. 36,800
B.	Rs. 36,40
C.	Rs. 25,800
D.	Rs. 40,000
Answer» B. Rs. 36,40

Discussion

464.	Ram deposited an amount of Rs 8000 in a bank’s savings account with interest 6.5% compounded monthly. What amount will he get at the end of 18 months?
A.	₹8816.97
B.	₹8788.98
C.	₹8907.56
D.	₹8790.54
Answer» B. ₹8788.98

Discussion

465.	If a compound interest of Rs 420 is gained at a rate of 5% per annum on a principal in the second year, what is the principal amount?
A.	Rs. 5,000
B.	Rs. 6,000
C.	Rs. 7,000
D.	Rs. 8,000
Answer» E.

Discussion

466.	A sum of Rs. 825 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 412.50 more is lent but at the rate twice the former. At the end of the year, Rs. 35.75 is earned as interest from both the loans. What was the original rate of interest?
A.	3%
B.	2.6%
C.	3.50%
D.	3.15%
Answer» C. 3.50%

Discussion

467.	A bank offers 15% compound interest yearly. A customer deposits Rs. 8800 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is _____.
A.	Rs.8315
B.	Rs.2029.5
C.	Rs.4158
D.	Rs.1039
Answer» C. Rs.4158

Discussion

468.	How much will a principal of Rs. 5000 invested on compound interest (compounded annually) amount to in three years at a rate of 50% per annum?
A.	Rs. 17,275
B.	Rs. 16,875
C.	Rs. 16,375
D.	Rs. 11,250
Answer» C. Rs. 16,375

Discussion

469.	If a sum of money becomes 4000 in 2 yrs and 5500 in 4 yrs 6 months at the same rate of simple interest per annum. Then the rate of simple interest is
A.	\(21\frac{3}{7}\% \)
B.	\(21\frac{2}{7}\% \)
C.	\(21\frac{1}{7}\% \)
D.	\(21\frac{5}{7}\% \)
Answer» B. \(21\frac{2}{7}\% \)

Discussion

470.	A father distributes Rs. 16,400 into two fixed deposits for his two sons of age 17 and 18 years respectively, such that at their age of 20 years, both get the same amount. If rate of compound interest is 5% per annum (compounded annually), then how much amount the father deposits for his younger son ?
A.	Rs. 8,000
B.	Rs. 8,200
C.	Rs. 8,400
D.	Rs. 10,000
Answer» B. Rs. 8,200

Discussion

471.	How much will Rs. 25,000 invested at compound interest amount to in 1 year at 4% per annum compounded half yearly?
A.	Rs. 25,980
B.	Rs. 26,010
C.	Rs. 26,100
D.	Rs. 26,001
Answer» C. Rs. 26,100

Discussion

472.	A man has Rs. 10,000. He lent a part of it at 15% simple interest and the remaining at 10% simple interest. The total interest he received after 5 years amounted to Rs. 6,500. The difference between the parts of the amounts he lent is:
A.	Rs. 1,750
B.	Rs. 2,500
C.	Rs. 2,000
D.	Rs. 1,500
Answer» D. Rs. 1,500

Discussion

473.	A principal of Rs. 18,000 becomes Rs. 36,000 in 4 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 annually), then how much amount will be received after 2 years ?
A.	Rs. 29225
B.	Rs. 29825
C.	Rs. 28125
D.	Rs. 27625
Answer» D. Rs. 27625

Discussion

474.	If a sum become four times in 15 years, then what will be the rate of simple interest per annum?
A.	21%
B.	19%
C.	25%
D.	None of the above
Answer» E.

Discussion

475.	A sum of money at simple interest amounts to ₹ 400 in 4 years and ₹ 420 in 5 years. What is the sum?
A.	Rs. 340
B.	Rs. 220
C.	Rs. 320
D.	Rs. 200
Answer» D. Rs. 200

Discussion

476.	Find the rate of interest (in %) if simple interest earned on a certain sum for the 3 years is Rs. 900 and compound interest earned in 2 years is Rs. 636?
A.	12
B.	10
C.	9
D.	8
Answer» B. 10

Discussion

477.	A sum of Rs. 10,500 amounts to Rs. 13,825 in \(3\frac{4}{5}\) years at a certain rate per cent per annum simple interest. What will be the simple interest on the same sum for 5 years at double the earlier rate?
A.	Rs. 8,670
B.	Rs. 8,470
C.	Rs. 8,560
D.	Rs. 8,750
Answer» E.

Discussion

478.	A sum of Rs. 2600 is lent out into two parts, one at 9% and another at 7%. If the total annual income is Rs. 206. find the money lent at 7%.
A.	Rs. 1400
B.	Rs. 900
C.	Rs.1600
D.	Rs. 1200
Answer» B. Rs. 900

Discussion

479.	A sum of Rs. 9000 brings simple interest of Rs. 2970 in three years. If the interest rate is increased by 2%, what will be the interest in three years on the same capital?
A.	Rs. 3520
B.	Rs. 3510
C.	Rs. 3540
D.	Rs. 3550
Answer» C. Rs. 3540

Discussion

480.	A sum of money at compound interest amounts to Rs. 5,290 in 2 years and to Rs. 6,083.50 in 3 years. The rate of interest per annum is:
A.	1.2%
B.	15%
C.	18%
D.	16%
Answer» C. 18%

Discussion

481.	A certain sum becomes 5 times in 3 years, at simple interest, then in how many years it will become 13 times?
A.	6
B.	13
C.	9
D.	12
Answer» D. 12

Discussion

482.	Gitesh took a loan for 4 years at 5% Compound Interest. If the total amount paid was Rs. 431.01, Calculate the principal.A. Rs. 354.5B. Rs. 345.5C. Rs. 445.5D. Rs. 545.5
A.	B
B.	D
C.	C
D.	A
Answer» E.

Discussion

483.	A certain amount is invested in a scheme of simple interest. It amounts to Rs. 3600 in 5 years and Rs 4560 in 8 years. What is the rate of interest (in percentage)?
A.	14
B.	24
C.	16
D.	20
Answer» D. 20

Discussion

484.	A loan is to be paid back in two equal annual instalments each of Rs. 2,523. If the rate of interest is 16% p.a., compounded yearly, then the total interest paid in this scheme is:
A.	Rs. 996
B.	Rs. 986
C.	Rs. 990
D.	Rs. 968
Answer» B. Rs. 986

Discussion

485.	A loan is returned in two equal yearly instalments of Rs.5,808. What is the total amount of the loan if the rate of compound interest, compounded annually, is 10% per annum?
A.	Rs,12,450
B.	Rs.10,080
C.	Rs.18,000
D.	Rs.10,800
Answer» C. Rs.18,000

Discussion

486.	In 2 years at simple interest, the principal increases by 8%. What will be the compound interest earned (in Rs.) on Rs. 10 lakhs in 2 years at the same rate?
A.	86000
B.	81600
C.	90000
D.	94000
Answer» C. 90000

Discussion

487.	'A' invests Rs. 10,000 for 3 years at a certain rate of interest. At the end of the second year. it amounts to Rs. 11,664. Calculate the rate of interest per annum, if interest is compounded annually.
A.	7.9
B.	8.5
C.	8.7
D.	8
Answer» E.

Discussion

488.	At what percent per annum will Rs.3000 amounts to Rs.3993 in 3 years, if the interest is compounded annually?
A.	9%
B.	10%
C.	11%
D.	13%
Answer» C. 11%

Discussion

489.	Interest Coverage Ratio = ________
A.	Profit before Interest and Tax/ Interest on Long term debt
B.	Profit before Interest and Tax/ Interest on Short term debt
C.	Profit before Interest and Tax/ Shareholders Fund
D.	Profit before Interest and Tax/ Proprietor's Fund
Answer» B. Profit before Interest and Tax/ Interest on Short term debt

Discussion

490.	Calculate the amount if the principal = Rs. 6000, time period = 2 years and rate of interest = 5% per annum compounded annually.
A.	Rs. 6615
B.	Rs. 6420
C.	Rs. 6390
D.	Rs. 6525
Answer» B. Rs. 6420

Discussion

491.	In what time will Rs.1000 amounts to Rs.1331 at 20% per annum, compounded half yearly?
A.	3 years
B.	2 years
C.	1.5 years
D.	1 years
Answer» D. 1 years

Discussion

492.	If sum of Rs. 1000 amount to Rs. 1331 in 3 years, compounded annually. Then, find rate of interest per annum?
A.	20%
B.	15%
C.	10%
D.	30%
Answer» D. 30%

Discussion

493.	A sum of money was put at simple interest at x% p.a. for 3 years. Had it been at (x + 1)% p.a., it would have fetched Rs. 48 more. The sum (in Rs.) is:
A.	1,800
B.	1,500
C.	1,750
D.	1,600
Answer» E.

Discussion

494.	A certain sum amounts to Rs 12096 at 8% p.a in \(5\frac{1}{2}\) years at simple interest. What will be the simple interest on the same sum at 10% p.a in 8 years?
A.	Rs. 6810
B.	Rs. 6720
C.	Rs. 6760
D.	Rs. 6680
Answer» C. Rs. 6760

Discussion

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

Discussion

496.	A sum becomes Rs. 8800 in 4 years at simple interest at the yearly interest rate of 25% per annum. What is the sum (in Rs.)?
A.	4400
B.	6600
C.	7040
D.	6400
Answer» B. 6600

Discussion

497.	A sum of money on compound interest amount to Rs. 9680 in 2 years and Rs. 10648 in 3 years. What is the rate of interest per annum?
A.	5%
B.	10%
C.	15%
D.	20%
Answer» C. 15%

Discussion

498.	Raman paid ₹13,300 as simple interest after 9 years. He had borrowed some money at the rate of 6% for first two years, at 9% for next three years and at 14% for rest of the period. How much money(in ₹) did he borrow?
A.	10,000
B.	14,000
C.	12,500
D.	12,000
Answer» C. 12,500

Discussion

499.	A loan has to be returned in two equal yearly instalments each of Rs. 44,100. If the rate of interest is 5% p.a compounded annually, the total interest paid is:
A.	Rs. 6,000
B.	Rs. 6,280
C.	Rs. 5,840
D.	Rs. 6,200
Answer» E.

Discussion

500.	A invested an amount of x rupees in a bank at compound interest for 2 years which gave 5% interest in year 1 and 6% interest in year 2. The amount received after 2 years is Rs 24,486. What is the value of x?
A.	23000
B.	22500
C.	22000
D.	21500
Answer» D. 21500

Discussion

Explore topic-wise MCQs in General Aptitude.

Arun wants to pay Rs. 16000 cash for a colour television and Bala wants to purchase the same for Rs. 17776, due after 2 years. If the rate of simple interest is 5% per annum, which of the deals is better for the shopkeeper?

A sum of Rs. 12,000 amounts to Rs. 20,736 in \(1\frac{1}{2}\) years at a certain rate per annum on compound interest, compounded half yearly. What will be the compound interest (in Rs.) of the same sum in 2 years at the same rate on compound interest. If the interest is compounded annually?

For an amount of Rs. 14,000, a simple interest rate of 7% per annum yielded Rs. 15,960. In how many years was the maturity value attained?

A certain sum amounts to Rs. 73,205 in 4 years at 10% p.a. interest being compounded yearly. What will be the simple interest on that sum for the same period and at the same rate?

A sum amounts to Rs. 8,028 in 3 years and to Rs. 12,042 in 6 years at a certain rate percent per annum, when the interest is compounded yearly. Find the sum.

Find the simple interest on a capital of Rs. 90,000 at a rate of 16.5% per annum for 3 years.

A certain sum amounts to Rs. 7200 in 2 years at 20% per annum compound interest, compounded annually. Find the sum.

On a certain sum, the simple interest at the end of \(6\frac{1}{4}\) years becomes \(\frac{3}{8}^{th}\) of the sum. The rate percent is

Heera's savings per month is Rs. 650. 34% interest is credited to her account every year. So how much interest do you get each year?

A certain sum of money amounts to Rs. 1331 in 3 years at 10 percent compounded annually. Find the sum invested.

At the rate of any compound interest rate, a sum doubles itself in 3 years, then in how many years it will be 128 times of its own?

A certain sum (in Rs) is invested at simple interest at x% p.a for 5 years. Had it been invested at (x + 5)% p.a the simple interest would have been Rs. 9,200 more than the earlier one. What is the sum?

Ram deposited an amount of Rs 8000 in a bank’s savings account with interest 6.5% compounded monthly. What amount will he get at the end of 18 months?

If a compound interest of Rs 420 is gained at a rate of 5% per annum on a principal in the second year, what is the principal amount?

A sum of Rs. 825 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 412.50 more is lent but at the rate twice the former. At the end of the year, Rs. 35.75 is earned as interest from both the loans. What was the original rate of interest?

A bank offers 15% compound interest yearly. A customer deposits Rs. 8800 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is _____.

How much will a principal of Rs. 5000 invested on compound interest (compounded annually) amount to in three years at a rate of 50% per annum?

If a sum of money becomes 4000 in 2 yrs and 5500 in 4 yrs 6 months at the same rate of simple interest per annum. Then the rate of simple interest is

How much will Rs. 25,000 invested at compound interest amount to in 1 year at 4% per annum compounded half yearly?

A man has Rs. 10,000. He lent a part of it at 15% simple interest and the remaining at 10% simple interest. The total interest he received after 5 years amounted to Rs. 6,500. The difference between the parts of the amounts he lent is:

A principal of Rs. 18,000 becomes Rs. 36,000 in 4 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 annually), then how much amount will be received after 2 years ?

If a sum become four times in 15 years, then what will be the rate of simple interest per annum?

A sum of money at simple interest amounts to ₹ 400 in 4 years and ₹ 420 in 5 years. What is the sum?

Find the rate of interest (in %) if simple interest earned on a certain sum for the 3 years is Rs. 900 and compound interest earned in 2 years is Rs. 636?

A sum of Rs. 10,500 amounts to Rs. 13,825 in \(3\frac{4}{5}\) years at a certain rate per cent per annum simple interest. What will be the simple interest on the same sum for 5 years at double the earlier rate?

A sum of Rs. 2600 is lent out into two parts, one at 9% and another at 7%. If the total annual income is Rs. 206. find the money lent at 7%.

A sum of Rs. 9000 brings simple interest of Rs. 2970 in three years. If the interest rate is increased by 2%, what will be the interest in three years on the same capital?

A sum of money at compound interest amounts to Rs. 5,290 in 2 years and to Rs. 6,083.50 in 3 years. The rate of interest per annum is:

A certain sum becomes 5 times in 3 years, at simple interest, then in how many years it will become 13 times?

Gitesh took a loan for 4 years at 5% Compound Interest. If the total amount paid was Rs. 431.01, Calculate the principal.A. Rs. 354.5B. Rs. 345.5C. Rs. 445.5D. Rs. 545.5

A certain amount is invested in a scheme of simple interest. It amounts to Rs. 3600 in 5 years and Rs 4560 in 8 years. What is the rate of interest (in percentage)?

A loan is to be paid back in two equal annual instalments each of Rs. 2,523. If the rate of interest is 16% p.a., compounded yearly, then the total interest paid in this scheme is:

A loan is returned in two equal yearly instalments of Rs.5,808. What is the total amount of the loan if the rate of compound interest, compounded annually, is 10% per annum?

In 2 years at simple interest, the principal increases by 8%. What will be the compound interest earned (in Rs.) on Rs. 10 lakhs in 2 years at the same rate?

'A' invests Rs. 10,000 for 3 years at a certain rate of interest. At the end of the second year. it amounts to Rs. 11,664. Calculate the rate of interest per annum, if interest is compounded annually.

At what percent per annum will Rs.3000 amounts to Rs.3993 in 3 years, if the interest is compounded annually?

Interest Coverage Ratio = ________

Calculate the amount if the principal = Rs. 6000, time period = 2 years and rate of interest = 5% per annum compounded annually.

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

If sum of Rs. 1000 amount to Rs. 1331 in 3 years, compounded annually. Then, find rate of interest per annum?

A sum of money was put at simple interest at x% p.a. for 3 years. Had it been at (x + 1)% p.a., it would have fetched Rs. 48 more. The sum (in Rs.) is:

A certain sum amounts to Rs 12096 at 8% p.a in \(5\frac{1}{2}\) years at simple interest. What will be the simple interest on the same sum at 10% p.a in 8 years?

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

A sum becomes Rs. 8800 in 4 years at simple interest at the yearly interest rate of 25% per annum. What is the sum (in Rs.)?

A sum of money on compound interest amount to Rs. 9680 in 2 years and Rs. 10648 in 3 years. What is the rate of interest per annum?

Raman paid ₹13,300 as simple interest after 9 years. He had borrowed some money at the rate of 6% for first two years, at 9% for next three years and at 14% for rest of the period. How much money(in ₹) did he borrow?

A loan has to be returned in two equal yearly instalments each of Rs. 44,100. If the rate of interest is 5% p.a compounded annually, the total interest paid is:

A invested an amount of x rupees in a bank at compound interest for 2 years which gave 5% interest in year 1 and 6% interest in year 2. The amount received after 2 years is Rs 24,486. What is the value of x?