1502 + Mcqs in Simple Interest Page 6 McqOptions

251.	Calculate the compound interest on Rs. 20,000 at 8% pa for 3 years compounded annually.
A.	Rs. 5194. 24
B.	Rs. 5234
C.	Rs. 5236
D.	Rs. 4325.82×duplicate options found. English Question 1 options 2,3
Answer» B. Rs. 5234

Discussion

252.	A person borrowed 1,200 at 8% p.a. and Rs. 1,800 at 10% p.a. as simple interest for the same period. He has to pay Rs. 1,380 in all as interest. Find the time period.
A.	4 years
B.	10 years
C.	6 years
D.	5 years
Answer» E.

Discussion

253.	A sum fetched a total simple interest of ₹ 1,350 at 9% p.a. in 5 years. What is the sum?
A.	₹ 2,000
B.	₹ 3,300
C.	₹ 2,500
D.	₹ 3,000
Answer» E.

Discussion

254.	A sum of ₹ 10000 is lent partly at 8% and remaining at 10% per annum. If the yearly interest on the average is 9.2%, then both parts are respectively
A.	₹5500 and ₹ 4500
B.	₹4500 and ₹ 5500
C.	₹5000 and ₹ 5000
D.	₹4000 and ₹ 6000
Answer» E.

Discussion

255.	An equal sum is invested in two different schemes. One scheme gives simple interest and the other gives compound interest (annual compounding). The sum of interest obtained after 2 years from both the schemes is Rs. 2961. If both schemes have 23% per annum interest rate, then what is the first year interest (in Rs.) of simple interest scheme?
A.	500
B.	1100
C.	700
D.	900
Answer» D. 900

Discussion

256.	If a person invests Rs. 33250 in an account that yields 7.4% p.a. simple interest, then how much (in Rs.) does he has after 5 years?
A.	45552.5
B.	12302.5
C.	42255.25
D.	47552.75
Answer» B. 12302.5

Discussion

257.	A person invested one-third of his money at \(3\frac{1}{2}\% \), one-fourth of his money at \(7\frac{1}{2}\% \), and the remaining at 8% per annum simple interest. If his yearly simple interest is Rs.1,479, then what is the sum invested (in Rs.)?
A.	22,300
B.	23,200
C.	21,500
D.	24,500
Answer» C. 21,500

Discussion

258.	At a certain rate, a sum becomes\(\dfrac{729}{625}\) of itself in one year when interest is compounded half yearly. What will be the compound interest on Rs. 10,000 for \(2\dfrac{1}{2}\) years at the same rate of interest, if interest is compounded annually (correct to the nearest rupee)?
A.	Rs.4,693
B.	Rs.4,352
C.	Rs.14,352
D.	Rs.4,532
Answer» E.

Discussion

259.	If the simple interest on a certain sum for \(2\frac{2}{3}\) years at 15% p.a. is Rs. 514.80 less than simple interest on the same sum for \(4\frac{1}{4}\)years at 12% p.a., then the sum is?
A.	Rs. 4,680
B.	Rs. 4,784
C.	Rs. 4,580
D.	Rs. 4,860
Answer» B. Rs. 4,784

Discussion

260.	A sum amounts to Rs. 1210 in 2 years when invested at compound interest. If principal is Rs. 1000, then what is the rate of interest (in %)?
A.	10
B.	20
C.	15
D.	12
Answer» B. 20

Discussion

261.	A sum of Rs. 800 becomes Rs. 1000 in 2 years at simple interest. What is the per annum rate of interest (in percent)?
A.	12.5
B.	25
C.	8.5
D.	17
Answer» B. 25

Discussion

262.	Mr Sathya invested money in FD. How much will he get on maturity. if Rs. 14,500 is invested at 20% per annum compound interest for 6 months, compounded quarterly?
A.	Rs. 15,986.25
B.	Rs. 15,986.5
C.	Rs. 15,986.35
D.	Rs. 15,986
Answer» B. Rs. 15,986.5

Discussion

263.	If the simple interest on Rs. 1 for 1 month is 1 paisa, then the rate percent per annum will be-
A.	6%
B.	8%
C.	10%
D.	12%
Answer» E.

Discussion

264.	Prakash invests in an FD. What will be the maturity amount with an annual recurring interest of 20% for 6 months at Rs. 13,000, interest compounded quarterly?A. 14332.25B. 14332.5C. 14332.75D. 14332
A.	D
B.	B
C.	A
D.	C
Answer» C. A

Discussion

265.	If Rs. 2,000 is invested at the rate of 20% per annum, compounded half yearly, then find the amount after 18 months.
A.	Rs. 2,662
B.	Rs. 3,200
C.	Rs. 2,628
D.	Rs. 2,600
Answer» B. Rs. 3,200

Discussion

266.	A certain sum becomes 'k' times in 6 years at compound interest. In 24 years it will become how many times?
A.	4k
B.	k4
C.	k3
D.	3k
Answer» C. k3

Discussion

267.	A person deposited Rs. 500 for 2 years, Rs. 600 for 5 years and Rs. 1000 for 6 years all at the same rate of simple interest. If he received the total simple interest of Rs. 1000, then what is the rate of interest per annum?
A.	15%
B.	20%
C.	5%
D.	10%
Answer» E.

Discussion

268.	A certain sum becomes 7 times in 8 years, at simple interest, then in how many years will it become 19 times?
A.	15
B.	18
C.	28
D.	24
Answer» E.

Discussion

269.	If the total simple interest on a sum of Rs. 1,400 for 4 years at rate of interest x% p.a. and on the same sum for two years at the same rate, is Rs. 672, then the value of x is:
A.	6%
B.	10%
C.	9%
D.	8%
Answer» E.

Discussion

270.	Find the compound interest on Rs. 62500 at 21% per annum for \(1\frac{1}{2}\) years compounded half yearly.
A.	Rs. 21827.03
B.	Rs. 19687.5
C.	Rs. 21638.5
D.	Rs. 20695
Answer» B. Rs. 19687.5

Discussion

271.	Find compound interest on Rs. 50000 at 12% per annum for 6 months, compounded quarterly.
A.	Rs. 3045
B.	Rs. 2875
C.	Rs. 3125
D.	Rs. 2965
Answer» B. Rs. 2875

Discussion

272.	Karan and Arjun divided a sum of Rs 7 lakh in the ratio of 5 ∶ 2 respectively. Karan invested the received amount at 5% per annum on simple interest. Arjun invested in the same scheme 18 months after Karan invested. After 10 years of Karan's investment, the ratio of their interests will be:
A.	17 ∶ 50
B.	71 ∶ 50
C.	50 ∶ 71
D.	50 ∶ 17
Answer» E.

Discussion

273.	If a person repaid 22500 after 10 years of borrowing a loan, at 10% per annum simple Interest then find out what amount did he take as a loan?
A.	Rs. 11,225
B.	Rs. 11,250
C.	Rs. 10,000
D.	Rs. 7,500
Answer» C. Rs. 10,000

Discussion

274.	In what time an amount of Rs. 1,20,000 would yield an interest of Rs. 62,400 if the rate of simple interest is 13 percent/annum?
A.	3 years
B.	2 years
C.	4 years
D.	5 years
Answer» D. 5 years

Discussion

275.	A sum of Rs. 1200 amounts to Rs. 1740 in 3 years at simple interest. If rate of interest is increased by 3%, then what will be the new amount (in Rs)?
A.	1848
B.	1946
C.	1812
D.	1924
Answer» B. 1946

Discussion

276.	Amir borrowed a sum of Rs. 25,000 on simple interest. Bhola borrowed the same amount on compound interest (interest compounded yearly). At the end of 2 years, Bhola had to pay Rs. 160 more interest than Amir. The rate of interest charged per annum is:
A.	8%
B.	\(3\frac{1}{8}\% \;\)
C.	16/25%
D.	8/25%
Answer» B. \(3\frac{1}{8}\% \;\)

Discussion

277.	A person borrows some money for 8 years at a rate of simple interest. If the ratio of principal and total interest is 5 : 8, then what is the rate (in percentage) of interest?
A.	10
B.	20
C.	25
D.	30
Answer» C. 25

Discussion

278.	A sum of ₹6900 was lent partly at 5% and the rest at 8% simple interest. Total interest received after 3 years from both was ₹1359. What was the ratio of money lent at 5% and 8%?
A.	10 : 13
B.	11 : 12
C.	14 : 9
D.	31 : 38
Answer» C. 14 : 9

Discussion

279.	A certain sum of money at simple interest amounts to Rs.1260 in 2 years and Rs.1350 in 5 years.Find the approximate rate of interest.
A.	4.50 %
B.	2.50 %
C.	1.50 %
D.	3.50 %
Answer» C. 1.50 %

Discussion

280.	A woman deposited Rs. 100 at an annual interest rate of 10%. The woman received Rs. 121 at the end of the period at the rate of compound interest. How long did he keep the money in the bank?A. 1 yearB. 2 yearsC. 2.5 yearsD. 3 years
A.	C
B.	A
C.	D
D.	B
Answer» E.

Discussion

281.	A bank offers 10% interest compounded yearly. A customer deposits Rs. 3600 each on 1st January and 1st July of a year. At the end of the year, the interest earned is.
A.	Rs 549
B.	Rs 2232
C.	Rs 558
D.	Rs 279
Answer» B. Rs 2232

Discussion

282.	If the amount received at 10% per annum Compound interest after 3 yrs is Rs. 19965, then what will have been the principal (in Rs) amount?
A.	16000
B.	15000
C.	17000
D.	18000
Answer» C. 17000

Discussion

283.	A sum of Rs. 5,000 is divided into two parts such that the simple interest on the first part for \(4\frac{1}{5}\) years at \(6\frac{2}{3}\% \;\)p.a is double the simple interest on the second part for \(2\frac{3}{4}\) years at 4% p.a. What is the difference between the two parts?
A.	Rs.620
B.	Rs.600
C.	Rs.560
D.	Rs.680
Answer» C. Rs.560

Discussion

284.	How much time will it take a principal of Rs. 640 to yield Rs. 768 as an amount at 2.5% simple interest per annum?
A.	8 years
B.	10 years
C.	9 years
D.	11 years
Answer» B. 10 years

Discussion

285.	Find the simple interest on Rs. 5,000 at the rate of (5/2)% per annum in two years.
A.	Rs. 300
B.	Rs. 250
C.	Rs. 100
D.	Rs. 500
Answer» C. Rs. 100

Discussion

286.	If the compound interest received on a certain amount in the 3rd year is Rs. 12,100, what will be the compound interest (in Rs.) for the 4th year on the same amount, if rate of interest is 9%?
A.	17080
B.	15669
C.	13189
D.	14376
Answer» D. 14376

Discussion

287.	A bank offers 40% compound interest compounded half yearly. A customer deposits Rs 7600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained from interest is
A.	Rs 9727
B.	Rs 2432
C.	Rs 4864
D.	Rs 1216
Answer» D. Rs 1216

Discussion

288.	If a sum of money doubles itself in 4 years at a certain rate, when will it become 16 time itself at the same rate simple Interest?
A.	25 years
B.	60 years
C.	16 years
D.	12 years
Answer» C. 16 years

Discussion

289.	A certain sum amounts to ₹11760 in \(2\frac{1}{2}\) years at 9% p.a. simple interest. What will be the simple interest on the same sum for \(4\frac{2}{5}\) years at 15% p.a?
A.	₹6336
B.	₹6363
C.	₹6436
D.	₹6433
Answer» B. ₹6363

Discussion

290.	A sum becomes 6 times of itself in 4 years at compound interest (interest is compounded annually). In how many years will the sum becomes 216 times of itself?
A.	12
B.	20
C.	16
D.	8
Answer» B. 20

Discussion

291.	A sum of money becomes double of itself in 50 months when invested on simple interest. What is the rate of interest per annum?
A.	26%
B.	25%
C.	24%
D.	20%
Answer» D. 20%

Discussion

292.	A certain sum when invested at 5% interest compounded annually for 3 years yields an interest of Rs. 2,522. Find the Principal?
A.	Rs. 12,522
B.	Rs. 15,200
C.	Rs. 16,000
D.	Rs. 17,200
Answer» D. Rs. 17,200

Discussion

293.	In what time a sum of Rs. 4000 will yield a simple interest of Rs. 1200 at 12% per annum?
A.	1 year
B.	2.5 years
C.	3 years
D.	2 years
Answer» C. 3 years

Discussion

294.	An amount was invested at a simple rate of interest p.a. for 5 years. It would have fetched Rs. 300 more had it been invested at 2% higher rate. What was the amount invested?
A.	Rs. 3300
B.	Rs. 3000
C.	Rs. 2000
D.	Rs. 2300
Answer» C. Rs. 2000

Discussion

295.	A sum of money earning compound interest annually doubles itself after 4 years. What is the rate of interest ?
A.	14%
B.	19%
C.	18%
D.	15%
Answer» C. 18%

Discussion

296.	Find the period when simple interest on Rs. 4000 at 6% per annum will be Rs. 400.
A.	20 months
B.	22 months
C.	14 months
D.	18 months
Answer» B. 22 months

Discussion

297.	A sum becomes Rs. 2286 in 3 years and Rs. 2448 in 4 years at simple interest. What is the rate (in percentage) of interest per annum?
A.	10
B.	9
C.	8
D.	11
Answer» C. 8

Discussion

298.	At what rate percent will a sum of money double itself in 12 years?
A.	\(8\frac{1}{4}\%\)
B.	\(8\frac{1}{3}\% \)
C.	\(8\frac{1}{2}\%\)
D.	8%
Answer» C. \(8\frac{1}{2}\%\)

Discussion

299.	In scheme A, a sum of Rs. 24,000 is put on simple interest for 2 years at a rate of 8% per annum. In scheme B, a sum of Rs. 24,000 is put at a rate of 5% per annum, compounded annually, for 2 years. The ratio of interest from A to that from B is:
A.	41 : 64
B.	45 : 41
C.	41 : 45
D.	64 : 41
Answer» E.

Discussion

300.	An amount invested at simple interest gives Rs. 2400 interest at rate of 12% in 5 years. What is the principal (in Rs.)?
A.	3000
B.	4000
C.	5000
D.	6000
Answer» C. 5000

Discussion

Explore topic-wise MCQs in General Aptitude.

Calculate the compound interest on Rs. 20,000 at 8% pa for 3 years compounded annually.

A person borrowed 1,200 at 8% p.a. and Rs. 1,800 at 10% p.a. as simple interest for the same period. He has to pay Rs. 1,380 in all as interest. Find the time period.

A sum fetched a total simple interest of ₹ 1,350 at 9% p.a. in 5 years. What is the sum?

A sum of ₹ 10000 is lent partly at 8% and remaining at 10% per annum. If the yearly interest on the average is 9.2%, then both parts are respectively

If a person invests Rs. 33250 in an account that yields 7.4% p.a. simple interest, then how much (in Rs.) does he has after 5 years?

A person invested one-third of his money at \(3\frac{1}{2}\% \), one-fourth of his money at \(7\frac{1}{2}\% \), and the remaining at 8% per annum simple interest. If his yearly simple interest is Rs.1,479, then what is the sum invested (in Rs.)?

At a certain rate, a sum becomes\(\dfrac{729}{625}\) of itself in one year when interest is compounded half yearly. What will be the compound interest on Rs. 10,000 for \(2\dfrac{1}{2}\) years at the same rate of interest, if interest is compounded annually (correct to the nearest rupee)?

If the simple interest on a certain sum for \(2\frac{2}{3}\) years at 15% p.a. is Rs. 514.80 less than simple interest on the same sum for \(4\frac{1}{4}\)years at 12% p.a., then the sum is?

A sum amounts to Rs. 1210 in 2 years when invested at compound interest. If principal is Rs. 1000, then what is the rate of interest (in %)?

A sum of Rs. 800 becomes Rs. 1000 in 2 years at simple interest. What is the per annum rate of interest (in percent)?

Mr Sathya invested money in FD. How much will he get on maturity. if Rs. 14,500 is invested at 20% per annum compound interest for 6 months, compounded quarterly?

If the simple interest on Rs. 1 for 1 month is 1 paisa, then the rate percent per annum will be-

Prakash invests in an FD. What will be the maturity amount with an annual recurring interest of 20% for 6 months at Rs. 13,000, interest compounded quarterly?A. 14332.25B. 14332.5C. 14332.75D. 14332

If Rs. 2,000 is invested at the rate of 20% per annum, compounded half yearly, then find the amount after 18 months.

A certain sum becomes 'k' times in 6 years at compound interest. In 24 years it will become how many times?

A person deposited Rs. 500 for 2 years, Rs. 600 for 5 years and Rs. 1000 for 6 years all at the same rate of simple interest. If he received the total simple interest of Rs. 1000, then what is the rate of interest per annum?

A certain sum becomes 7 times in 8 years, at simple interest, then in how many years will it become 19 times?

If the total simple interest on a sum of Rs. 1,400 for 4 years at rate of interest x% p.a. and on the same sum for two years at the same rate, is Rs. 672, then the value of x is:

Find the compound interest on Rs. 62500 at 21% per annum for \(1\frac{1}{2}\) years compounded half yearly.

Find compound interest on Rs. 50000 at 12% per annum for 6 months, compounded quarterly.

Karan and Arjun divided a sum of Rs 7 lakh in the ratio of 5 ∶ 2 respectively. Karan invested the received amount at 5% per annum on simple interest. Arjun invested in the same scheme 18 months after Karan invested. After 10 years of Karan's investment, the ratio of their interests will be:

If a person repaid 22500 after 10 years of borrowing a loan, at 10% per annum simple Interest then find out what amount did he take as a loan?

In what time an amount of Rs. 1,20,000 would yield an interest of Rs. 62,400 if the rate of simple interest is 13 percent/annum?

A sum of Rs. 1200 amounts to Rs. 1740 in 3 years at simple interest. If rate of interest is increased by 3%, then what will be the new amount (in Rs)?

Amir borrowed a sum of Rs. 25,000 on simple interest. Bhola borrowed the same amount on compound interest (interest compounded yearly). At the end of 2 years, Bhola had to pay Rs. 160 more interest than Amir. The rate of interest charged per annum is:

A person borrows some money for 8 years at a rate of simple interest. If the ratio of principal and total interest is 5 : 8, then what is the rate (in percentage) of interest?

A sum of ₹6900 was lent partly at 5% and the rest at 8% simple interest. Total interest received after 3 years from both was ₹1359. What was the ratio of money lent at 5% and 8%?

A certain sum of money at simple interest amounts to Rs.1260 in 2 years and Rs.1350 in 5 years.Find the approximate rate of interest.

A woman deposited Rs. 100 at an annual interest rate of 10%. The woman received Rs. 121 at the end of the period at the rate of compound interest. How long did he keep the money in the bank?A. 1 yearB. 2 yearsC. 2.5 yearsD. 3 years

A bank offers 10% interest compounded yearly. A customer deposits Rs. 3600 each on 1st January and 1st July of a year. At the end of the year, the interest earned is.

If the amount received at 10% per annum Compound interest after 3 yrs is Rs. 19965, then what will have been the principal (in Rs) amount?

A sum of Rs. 5,000 is divided into two parts such that the simple interest on the first part for \(4\frac{1}{5}\) years at \(6\frac{2}{3}\% \;\)p.a is double the simple interest on the second part for \(2\frac{3}{4}\) years at 4% p.a. What is the difference between the two parts?

How much time will it take a principal of Rs. 640 to yield Rs. 768 as an amount at 2.5% simple interest per annum?

Find the simple interest on Rs. 5,000 at the rate of (5/2)% per annum in two years.

If the compound interest received on a certain amount in the 3rd year is Rs. 12,100, what will be the compound interest (in Rs.) for the 4th year on the same amount, if rate of interest is 9%?

A bank offers 40% compound interest compounded half yearly. A customer deposits Rs 7600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained from interest is

If a sum of money doubles itself in 4 years at a certain rate, when will it become 16 time itself at the same rate simple Interest?

A certain sum amounts to ₹11760 in \(2\frac{1}{2}\) years at 9% p.a. simple interest. What will be the simple interest on the same sum for \(4\frac{2}{5}\) years at 15% p.a?

A sum becomes 6 times of itself in 4 years at compound interest (interest is compounded annually). In how many years will the sum becomes 216 times of itself?

A sum of money becomes double of itself in 50 months when invested on simple interest. What is the rate of interest per annum?

A certain sum when invested at 5% interest compounded annually for 3 years yields an interest of Rs. 2,522. Find the Principal?

In what time a sum of Rs. 4000 will yield a simple interest of Rs. 1200 at 12% per annum?

An amount was invested at a simple rate of interest p.a. for 5 years. It would have fetched Rs. 300 more had it been invested at 2% higher rate. What was the amount invested?

A sum of money earning compound interest annually doubles itself after 4 years. What is the rate of interest ?

Find the period when simple interest on Rs. 4000 at 6% per annum will be Rs. 400.

A sum becomes Rs. 2286 in 3 years and Rs. 2448 in 4 years at simple interest. What is the rate (in percentage) of interest per annum?

At what rate percent will a sum of money double itself in 12 years?

In scheme A, a sum of Rs. 24,000 is put on simple interest for 2 years at a rate of 8% per annum. In scheme B, a sum of Rs. 24,000 is put at a rate of 5% per annum, compounded annually, for 2 years. The ratio of interest from A to that from B is:

An amount invested at simple interest gives Rs. 2400 interest at rate of 12% in 5 years. What is the principal (in Rs.)?