1502 + Mcqs in Simple Interest Page 12 McqOptions

551.	An amount, at a specific interest rate and when the interest is being compounded yearly, becomes Rs. 4,460 in 3 years and Rs. 6,690 in 6 years. What will be the simple interest of \(4\dfrac{1}{2}\) years at the rate of 10% per annum on the same amount?
A.	Rs. 1,285
B.	Rs. 1,383
C.	Rs. 1,316
D.	Rs. 1,338
Answer» E.

Discussion

552.	A sum of money doubles itself at compound interest in 15 years. In how many years will it become eight times?
A.	35 years
B.	40 years
C.	45 years
D.	50 years
Answer» D. 50 years

Discussion

553.	A borrowed a loan from B at 8% simple interest for 2 years and repaid the loan with interest totalling Rs. 1,91,864. The amount of loan taken by A is∶
A.	Rs. 1,68,920
B.	Rs. 1,66,540
C.	Rs. 1,64,492
D.	Rs. 1,65,400
Answer» E.

Discussion

554.	At what percent per annum will Rs. 6000 amounts to Rs. 7986 in 3 years, if the interest is compounded annually?
A.	11%
B.	12.5%
C.	8%
D.	10%
Answer» E.

Discussion

555.	Ram borrowed Rs. 50,000 from a bank. If the bank charges simple interest at 10% per year, how much amount shall Ram pay after 2 year?
A.	Rs. 60,000
B.	Rs. 70,000
C.	Rs. 90,000
D.	Rs. 80,000
Answer» B. Rs. 70,000

Discussion

556.	A sum of money at Simple Interest amounts to Rs. 815 in 3 years and Rs. 854 in 4 years. What is the sum?
A.	Rs. 698
B.	Rs. 690
C.	Rs. 650
D.	Rs. 700
Answer» B. Rs. 690

Discussion

557.	Ashok borrowed Rs. 15,000 for 3 years at simple interest. If he paid Rs. 2700 as interest, then the rate of interest would be:
A.	5.4% p.a.
B.	6% p.a.
C.	9% p.a.
D.	18% p.a.
Answer» C. 9% p.a.

Discussion

558.	A person deposits Rs. 8,000 in a bank which pays 8% p.a. simple interest. The amount after 8 years will be:
A.	Rs. 10,784
B.	Rs.12,545
C.	Rs.12,600
D.	Rs.13,120
Answer» E.

Discussion

559.	A, B and C invested amounts in the ratio 3 : 4 : 5 respectively. If the schemes offered compound interest at the rate of 20% per annum, 15% per annum and 10% per annum respectively, then what will be the ratio of their interest after 1 year?
A.	3 : 15 : 25
B.	6 : 6 : 5
C.	36 : 46 : 55
D.	12 : 23 : 11
Answer» C. 36 : 46 : 55

Discussion

560.	A certain sum amounts to ₹ 756 in 2 years and to ₹ 873 is \(3\frac{1}{2}\) years at a certain rate of simple interest.The rate of interest per annum is:
A.	11%
B.	13%
C.	10%
D.	12%
Answer» C. 10%

Discussion

561.	A sum invested at compound interest (compounded annual) amounts to Rs 750 at the end of first year and Rs. 900 at the end of the second year. What is the sum?
A.	Rs. 700
B.	Rs. 625
C.	Rs. 600
D.	Rs. 650
Answer» C. Rs. 600

Discussion

562.	If the interest is compounded half-yearly, find the Compound Interest on the sum of Rs. 18500 at the rate of 40% per annum for 18 months.
A.	Rs. 15469
B.	Rs. 13468
C.	Rs. 16000
D.	Rs. 16280
Answer» C. Rs. 16000

Discussion

563.	A sum of money is invested at 20% compound interest (compounded annually). It would fetch Rs. 723 more in two years if interest is compounded half-yearly. The sum is
A.	Rs. 15,000
B.	Rs. 30,000
C.	Rs. 20,000
D.	Rs. 7,500
Answer» C. Rs. 20,000

Discussion

564.	A certain sum of money becomes three times of itself in 20 years at simple interest. In how many years does it become double of itself at the same rate of simple interest?
A.	8 years
B.	10 years
C.	12 years
D.	14 years
Answer» C. 12 years

Discussion

565.	A sum amounts to Rs. 18,600 after 3 years and to Rs. 27,900 after 6 years, at a certain rate percent p.a., when the interest is compounded annually. The sum is:
A.	Rs. 11,800
B.	Rs. 12,400
C.	Rs. 14,400
D.	Rs. 14,600
Answer» C. Rs. 14,400

Discussion

566.	If the difference between the compound and simple interest on a certain sum of money for 2 years at 8% per annum is Rs. 160, find the sum.
A.	Rs. 28,000
B.	Rs. 24,000
C.	Rs. 20,000
D.	Rs. 25,000
Answer» E.

Discussion

567.	A sum of Rs. 7000 is invested in a bank at simple interest, after 3 years he invested Rs. 3000 more and after 8 years he earned total interest of Rs. 4970. What will be the rate of interest at which he invested the sum?
A.	7%
B.	4.5%
C.	8%
D.	9%
Answer» B. 4.5%

Discussion

568.	A sum at simple interest becomes two times in 8 years at a certain rate of interest p.a. The time in which the same sum will be 4 times at the same rate of interest at simple interest is:
A.	25 years
B.	20 years
C.	30 years
D.	24 years
Answer» E.

Discussion

569.	Find the compound interest on Rs. 31,250 in \(1 \frac{1}{2}\) years at 8% per annum, the interest being compounded half yearly.
A.	Rs. 3,912
B.	Rs. 3,812
C.	Rs. 3,800
D.	Rs. 3,902
Answer» E.

Discussion

570.	On a certain principal, simple interest obtained is Rs. 2,000 in two years at the rate of 10% p.a. What will be the difference in the amount of interest if the same is compounded on annual basis?A. Rs 200B. Rs 220C. Rs 100D. Rs 120
A.	C
B.	D
C.	A
D.	B
Answer» B. D

Discussion

571.	A sum of Rs. 1100 was taken as a loan. This is to be paid in two equal installments. If the rate of interest is 20% per annum, compounded annually, find the amount payable in each installment.
A.	Rs. 620
B.	Rs. 670
C.	Rs. 600
D.	Rs. 720
Answer» E.

Discussion

572.	Find the rate of interest if amount after 2 years on simple interest on a capital of Rs 1000 is Rs 1200.
A.	5 percent
B.	20 percent
C.	10 percent
D.	15 percent
Answer» D. 15 percent

Discussion

573.	A sum becomes Rs. 1392 in 2 years and Rs. 1488 in 3 years at simple interest. What is the rate (in percentage) of interest per annum?
A.	8
B.	10
C.	12
D.	8.5
Answer» B. 10

Discussion

574.	On a sum of money, the simple interest for 2 years is Rs. 660 while the compound interest for two years is Rs. 696.30, the rate of interest being the same. Find the rate of interest.
A.	12.75%
B.	13%
C.	10%
D.	11%
Answer» E.

Discussion

575.	If the simple interest on a sum of Rs x at 6% p.a. for two years is double the simple interest on another sum of Rs y at 9% per annum for three years, then which of the following is true?
A.	x = 4.5y
B.	x = 2y
C.	2x = 5y
D.	3x = 7y
Answer» B. x = 2y

Discussion

576.	An amount was lent for one year at the rate of 18% per annum compounding annually. Had the compounding been done half yearly, the interest would have increased by 324. What was the amount (in Rs) lent?
A.	32000
B.	36000
C.	40000
D.	72000
Answer» D. 72000

Discussion

577.	Find the interest on Rs. 500 for 4 years at 6% per annum?
A.	Rs. 200
B.	Rs. 150
C.	Rs. 100
D.	Rs. 120
Answer» E.

Discussion

578.	A sum of Rs. 3000 is invested on compound interest (compounded annually) at the rate of interest is 20% per annum. What is the compound interest for 2 years?
A.	Rs. 1440
B.	Rs. 1320
C.	Rs. 1200
D.	Rs. 1360
Answer» C. Rs. 1200

Discussion

579.	Find the compound interest on Rs. 6400 at 25% p.a. for 3 years.
A.	Rs. 6,050
B.	Rs. 6,150
C.	Rs. 6,000
D.	Rs. 6,100
Answer» E.

Discussion

580.	Ms. Alina borrowed Rs. 650 at 6% per annum simple interest. What amount will she pay to clear her debt after 4 years?
A.	Rs. 165
B.	Rs. 860
C.	Rs. 806
D.	Rs. 156
Answer» D. Rs. 156

Discussion

581.	Find the interest that Raj must pay on a sum of Rs. 8000 which he borrowed at 10% per annum compound interest for 3 years.
A.	Rs. 3200
B.	Rs. 2700
C.	Rs. 2648
D.	Rs. 2555
Answer» D. Rs. 2555

Discussion

582.	A deposits an amount x at 5% per annum simple interest in a bank. His brother B deposits an amount y at 10% annual interest compounded annually. After 1 year, the interest received by B is twice the interest received by A. What is the value of y ∶ x ?
A.	3 ∶ 2
B.	1 ∶ 1
C.	2 ∶ 1
D.	2 ∶ 3
Answer» C. 2 ∶ 1

Discussion

583.	An equal sum is invested in two different schemes. One scheme gives simple interest and the other gives compound interest (annual compounding). The total interest obtained after 2 years from both the schemes together is Rs. 2090. If both the schemes have 18% per annum interest rate, then what is the first year interest (in Rs) of simple interest scheme?
A.	1000
B.	500
C.	545
D.	1045
Answer» C. 545

Discussion

584.	A principal lends on simple interest for two years. If rate of interest more than 1% the simple interest increased by Rs. 240. Find out the principal:
A.	Rs. 5,000
B.	Rs. 6,000
C.	Rs. 8,000
D.	Rs. 12,000
Answer» E.

Discussion

585.	At which rate of simple interest does an amount become double in 12 years?
A.	8%
B.	\(8(\frac1 3)\)%
C.	\(7(\frac2 3)\)%
D.	\(8(\frac4 5)\)%
Answer» C. \(7(\frac2 3)\)%

Discussion

586.	Given below are two quantities named I and II. Based on the given information, you have to determine the relation between the two quantities. You should use the given data and your knowledge of Mathematics to choose among the possible answers.Quantity I: A certain invested for 2 years at the rate of 12% simple interest. If the simple Interest is Rs.1200. Find the Principal.Quantity II: Rs. 6000
A.	Quantity I > Quantity II
B.	Quantity I < Quantity II
C.	Quantity I ≥ Quantity II
D.	Quantity I ≤ Quantity II
E.	Quantity I = Quantity II
Answer» C. Quantity I ≥ Quantity II

Discussion

587.	At 9.5% simple interest per annum, a sum of money became Rs. 942 in 6 years. The sum invested initially was:
A.	Rs. 626
B.	Rs. 600
C.	Rs. 675
D.	Rs. 650
Answer» C. Rs. 675

Discussion

588.	A sum of Rs. 4000 amounts to Rs. 5200 in 10 yr by simple interest.What will be the total interest if the rate of interest is increased by 4%?
A.	Rs. 1600
B.	Rs. 2360
C.	Rs. 2800
D.	Rs. 5400
Answer» D. Rs. 5400

Discussion

589.	A sum of money is invested at compound interest, which is compounded annually. The sum grows to Rs. 1000 after three years, and Rs. 1100 after four years. What is rate of interest per annum?
A.	10%
B.	15%
C.	12.5%
D.	20%
Answer» B. 15%

Discussion

590.	Krish invested an amount of x rupees in a certain business offering 12% per annum for 1st year and 20% per annum for 2nd year and received an amount of Rs 60,480 after the two years. What is x (in Rs)?
A.	40000
B.	42000
C.	46000
D.	45000
Answer» E.

Discussion

591.	Find the simple interest rate at which a sum of money becomes five times at simple interest in 10 years.A. 40%B. 35%C. 25%D. 50%
A.	B
B.	D
C.	A
D.	C
Answer» D. C

Discussion

592.	Calculate the amount if Rs. 400 is invested on compound interest at the rate of 5% per annum for 2 years.A) 440B) 441C) 445D) 480
A.	A
B.	B
C.	D
D.	C
Answer» C. D

Discussion

593.	Find the number of years in which an amount invested at 8% p.a. simple interest doubles itself.
A.	12 years
B.	11 years
C.	12.5 years
D.	13 years
Answer» D. 13 years

Discussion

594.	A sum of Rs. 6000 is borrowed at compound interest at the rate of 8% per annum. What will be the amount (in Rs) after 2 years?
A.	6998.4
B.	6960
C.	6784.4
D.	6869.4
Answer» B. 6960

Discussion

595.	An amount invested at simple interest gives Rs. 720 interest at 12% per annum in 3 years. What is the principal (in Rs.)?
A.	2400
B.	1500
C.	3000
D.	2000
Answer» E.

Discussion

596.	A man invested Rs 20,000 at 20% on compound interest. If The interest was compounded half-yearly for one year. Then find total amount after one year.
A.	Rs. 22,100
B.	Rs. 24,200
C.	Rs. 22,800
D.	Rs. 23,600
Answer» C. Rs. 22,800

Discussion

597.	A certain sum is invested at simple interest at a rate of 8% for 3 years. He invested the interest at compound interest at a rate 20% for 2 years. The amount becomes Rs. 864. Find the initial sum.
A.	Rs. 7600
B.	Rs. 7200
C.	Rs. 8000
D.	Rs. 7650
E.	None of these
Answer» F.

Discussion

598.	A man borrowed Rs. 8000 from a moneylender for 146 days at 5%. The amount he will have to pay is
A.	Rs. 8016
B.	Rs. 8160
C.	Rs. 8610
D.	Rs. 8060
Answer» C. Rs. 8610

Discussion

599.	M borrowed some money for 1 year at certain simple interest. But the interest rate was increased to 2% which amounted to Rs. 120. Find the principal amount.A. Rs. 4,000B. Rs. 5,000C. Rs. 6,000D. Rs. 7,000
A.	C
B.	D
C.	B
D.	A
Answer» B. D

Discussion

600.	At the same rate of simple interest, sum of the interest at a principal of 300 for 4 years and the interest at a principal of 400 for 3 years is 120. The rate of interest is
A.	5%
B.	4%
C.	6%
D.	10%
Answer» B. 4%

Discussion

Explore topic-wise MCQs in General Aptitude.

An amount, at a specific interest rate and when the interest is being compounded yearly, becomes Rs. 4,460 in 3 years and Rs. 6,690 in 6 years. What will be the simple interest of \(4\dfrac{1}{2}\) years at the rate of 10% per annum on the same amount?

A sum of money doubles itself at compound interest in 15 years. In how many years will it become eight times?

A borrowed a loan from B at 8% simple interest for 2 years and repaid the loan with interest totalling Rs. 1,91,864. The amount of loan taken by A is∶

At what percent per annum will Rs. 6000 amounts to Rs. 7986 in 3 years, if the interest is compounded annually?

Ram borrowed Rs. 50,000 from a bank. If the bank charges simple interest at 10% per year, how much amount shall Ram pay after 2 year?

A sum of money at Simple Interest amounts to Rs. 815 in 3 years and Rs. 854 in 4 years. What is the sum?

Ashok borrowed Rs. 15,000 for 3 years at simple interest. If he paid Rs. 2700 as interest, then the rate of interest would be:

A person deposits Rs. 8,000 in a bank which pays 8% p.a. simple interest. The amount after 8 years will be:

A, B and C invested amounts in the ratio 3 : 4 : 5 respectively. If the schemes offered compound interest at the rate of 20% per annum, 15% per annum and 10% per annum respectively, then what will be the ratio of their interest after 1 year?

A certain sum amounts to ₹ 756 in 2 years and to ₹ 873 is \(3\frac{1}{2}\) years at a certain rate of simple interest.The rate of interest per annum is:

A sum invested at compound interest (compounded annual) amounts to Rs 750 at the end of first year and Rs. 900 at the end of the second year. What is the sum?

If the interest is compounded half-yearly, find the Compound Interest on the sum of Rs. 18500 at the rate of 40% per annum for 18 months.

A sum of money is invested at 20% compound interest (compounded annually). It would fetch Rs. 723 more in two years if interest is compounded half-yearly. The sum is

A certain sum of money becomes three times of itself in 20 years at simple interest. In how many years does it become double of itself at the same rate of simple interest?

A sum amounts to Rs. 18,600 after 3 years and to Rs. 27,900 after 6 years, at a certain rate percent p.a., when the interest is compounded annually. The sum is:

If the difference between the compound and simple interest on a certain sum of money for 2 years at 8% per annum is Rs. 160, find the sum.

A sum of Rs. 7000 is invested in a bank at simple interest, after 3 years he invested Rs. 3000 more and after 8 years he earned total interest of Rs. 4970. What will be the rate of interest at which he invested the sum?

A sum at simple interest becomes two times in 8 years at a certain rate of interest p.a. The time in which the same sum will be 4 times at the same rate of interest at simple interest is:

Find the compound interest on Rs. 31,250 in \(1 \frac{1}{2}\) years at 8% per annum, the interest being compounded half yearly.

On a certain principal, simple interest obtained is Rs. 2,000 in two years at the rate of 10% p.a. What will be the difference in the amount of interest if the same is compounded on annual basis?A. Rs 200B. Rs 220C. Rs 100D. Rs 120

A sum of Rs. 1100 was taken as a loan. This is to be paid in two equal installments. If the rate of interest is 20% per annum, compounded annually, find the amount payable in each installment.

Find the rate of interest if amount after 2 years on simple interest on a capital of Rs 1000 is Rs 1200.

A sum becomes Rs. 1392 in 2 years and Rs. 1488 in 3 years at simple interest. What is the rate (in percentage) of interest per annum?

On a sum of money, the simple interest for 2 years is Rs. 660 while the compound interest for two years is Rs. 696.30, the rate of interest being the same. Find the rate of interest.

If the simple interest on a sum of Rs x at 6% p.a. for two years is double the simple interest on another sum of Rs y at 9% per annum for three years, then which of the following is true?

An amount was lent for one year at the rate of 18% per annum compounding annually. Had the compounding been done half yearly, the interest would have increased by 324. What was the amount (in Rs) lent?

Find the interest on Rs. 500 for 4 years at 6% per annum?

A sum of Rs. 3000 is invested on compound interest (compounded annually) at the rate of interest is 20% per annum. What is the compound interest for 2 years?

Find the compound interest on Rs. 6400 at 25% p.a. for 3 years.

Ms. Alina borrowed Rs. 650 at 6% per annum simple interest. What amount will she pay to clear her debt after 4 years?

Find the interest that Raj must pay on a sum of Rs. 8000 which he borrowed at 10% per annum compound interest for 3 years.

A deposits an amount x at 5% per annum simple interest in a bank. His brother B deposits an amount y at 10% annual interest compounded annually. After 1 year, the interest received by B is twice the interest received by A. What is the value of y ∶ x ?

A principal lends on simple interest for two years. If rate of interest more than 1% the simple interest increased by Rs. 240. Find out the principal:

At which rate of simple interest does an amount become double in 12 years?

At 9.5% simple interest per annum, a sum of money became Rs. 942 in 6 years. The sum invested initially was:

A sum of Rs. 4000 amounts to Rs. 5200 in 10 yr by simple interest.What will be the total interest if the rate of interest is increased by 4%?

A sum of money is invested at compound interest, which is compounded annually. The sum grows to Rs. 1000 after three years, and Rs. 1100 after four years. What is rate of interest per annum?

Krish invested an amount of x rupees in a certain business offering 12% per annum for 1st year and 20% per annum for 2nd year and received an amount of Rs 60,480 after the two years. What is x (in Rs)?

Find the simple interest rate at which a sum of money becomes five times at simple interest in 10 years.A. 40%B. 35%C. 25%D. 50%

Calculate the amount if Rs. 400 is invested on compound interest at the rate of 5% per annum for 2 years.A) 440B) 441C) 445D) 480

Find the number of years in which an amount invested at 8% p.a. simple interest doubles itself.

A sum of Rs. 6000 is borrowed at compound interest at the rate of 8% per annum. What will be the amount (in Rs) after 2 years?

An amount invested at simple interest gives Rs. 720 interest at 12% per annum in 3 years. What is the principal (in Rs.)?

A man invested Rs 20,000 at 20% on compound interest. If The interest was compounded half-yearly for one year. Then find total amount after one year.

A certain sum is invested at simple interest at a rate of 8% for 3 years. He invested the interest at compound interest at a rate 20% for 2 years. The amount becomes Rs. 864. Find the initial sum.

A man borrowed Rs. 8000 from a moneylender for 146 days at 5%. The amount he will have to pay is

M borrowed some money for 1 year at certain simple interest. But the interest rate was increased to 2% which amounted to Rs. 120. Find the principal amount.A. Rs. 4,000B. Rs. 5,000C. Rs. 6,000D. Rs. 7,000

At the same rate of simple interest, sum of the interest at a principal of 300 for 4 years and the interest at a principal of 400 for 3 years is 120. The rate of interest is