1502 + Mcqs in Simple Interest Page 7 McqOptions

301.	Mr. Davesh borrowed Rs. 4,500 at 4% per annum compound interest. The compound interest compounded annually for 2 years is:
A.	Rs. 367.2
B.	Rs. 4,867.2
C.	Rs. 4,876.2
D.	Rs. 376.2
Answer» B. Rs. 4,867.2

Discussion

302.	Mr. Ayush borrowed Rs. 3000 at 5% per annum compound interest. The compound interest compounded annually for 2 years is:
A.	Rs. 370.5
B.	Rs. 307.5
C.	Rs. 3307.5
D.	Rs. 3370.5
Answer» C. Rs. 3307.5

Discussion

303.	A sum becomes 5 times in 4 years at compound interest. In how many years the same sum will become 25 times?
A.	20
B.	100
C.	80
D.	8
Answer» E.

Discussion

304.	An amount of Rs. 43,892 is lent to each of two persons for 3 years. One at the rate of 30% simple interest and the other at the rate of 30% compound interest, compounded annually. by what percentage will the simple interest be less than the compound interest received in this 3 - year duration (correct to one decimal place)?
A.	24.7%
B.	23.8%
C.	22.7%
D.	25.7%
Answer» B. 23.8%

Discussion

305.	Find the difference between compound interest and simple interest on a sum of Rs. 5000 at 10% per annum for 3 years.
A.	Rs. 175
B.	Rs. 130
C.	Rs. 140
D.	Rs. 155
Answer» E.

Discussion

306.	If the annual rate of simple interest increases from 11% to \(17 \frac 1 2\%\), a person's yearly income increases by Rs. 1,071.20. The principal amount invested (in Rs.) is:
A.	16,480
B.	19,120
C.	17,250
D.	10,710
Answer» B. 19,120

Discussion

307.	A sum is invested at a simple interest. If the rate of interest is 20% per annum, then in how much time will it become double of itself?
A.	5 years
B.	10 years
C.	4 years
D.	8 years
Answer» B. 10 years

Discussion

308.	A borrows a sum of Rs. 2,000 from his friend B on 31 December 2011 on the condition that he will return the same after one year with simple interest at 8% per annum. However, A gets into a position of returning the money on 1 July 2012. How much amount he has to return to B?
A.	Rs. 2,088
B.	Rs. 2,080
C.	Rs. 2,070
D.	Rs. 2,200
Answer» C. Rs. 2,070

Discussion

309.	Find the simple interest (in Rs.) on Rs. 16,200/- at the rate of 8% per annum for 2 years.
A.	2,684
B.	2,598
C.	2,592
D.	2,596
Answer» D. 2,596

Discussion

310.	A sum of money at simple interest doubles in 10 years. In how many years, at the same rate, will it be tripled?
A.	30 years
B.	25 years
C.	20 years
D.	15 years
Answer» D. 15 years

Discussion

311.	Ms. Vishaka deposits an amount of Rs. 35800 to obtain a simple interest at the rate of 15% per annum for 4 year. What total amount will Ms. Vishaka get at the end of 4 year?
A.	Rs. 57280
B.	Rs. 39880
C.	Rs. 21480
D.	Rs. 14285
Answer» B. Rs. 39880

Discussion

312.	A man invested some amount P at the rate of 20% for 2 years compounded annually and earned 792 as interest. Find the value of P.
A.	Rs. 1200
B.	Rs. 1450
C.	Rs. 1600
D.	Rs. 1800
E.	Rs. 2000
Answer» E. Rs. 2000

Discussion

313.	Prachi takes Rs. 550 at 5% of simple annual interest. After 4 years, how much money will she have to pay?A. 101B. 606C. 660D. 110
A.	D
B.	C
C.	A
D.	B
Answer» C. A

Discussion

314.	A sum doubles in 4 years at a certain rate of compound interest. In how many years does it amount to 8 times itself at the same rate?
A.	12
B.	15
C.	6
D.	9
Answer» B. 15

Discussion

315.	A person has divided a total of Rs. 3,70,000 into three parts and deposited them in three banks offering simple interests of 4%, 5% and 6% respectively. At the end of 1st year the interests received from all three banks are the same. How much has he deposited in those three banks?
A.	Rs. 1,50,000, Rs. 1,20,000 Rs. 1,00,000
B.	Rs. 1,00,000, Rs. 2,00,000, Rs. 70,000
C.	Rs. 70,000, Rs. 2,00,000, Rs. 1,50,000
D.	Rs. 1,20,000, Rs. 1,00,000, Rs. 1,50,000
Answer» B. Rs. 1,00,000, Rs. 2,00,000, Rs. 70,000

Discussion

316.	On a certain Principal, simple interest amounts to Rs, 1000 in 1 year at a rate of 10% p.a. What will be the Effective rate of compound interest if the same is compounded on a half-yearly basis? A. 10.10B. 10.15C.10.20D. 10.25
A.	D
B.	A
C.	C
D.	B
Answer» B. A

Discussion

317.	A man invests Rs. 2000 at 5% compound interest. At the end of 3 years he will get a total amount of:
A.	Rs. 2305
B.	Rs. 2316.25
C.	Rs. 2315.25
D.	Rs. 2205
Answer» D. Rs. 2205

Discussion

318.	At what rate percent per annum simple interest, will a sum of money triple itself in 25 yr ?×duplicate options found. English Question 1 options 1,3
A.	8%
B.	9%
C.	10%
D.	12%
Answer» B. 9%

Discussion

319.	In how many years, an amount becomes three times of itself, if simple interest is calculated at a rate of 10% per annum?
A.	18
B.	20
C.	15
D.	25
Answer» C. 15

Discussion

320.	A sum of Rs. 8,000 invested at 10% p.a. amounts to Rs. 9,261 in a certain time, interest compounded half–yearly. What will be the compound interest (in Rs) on the same sum for the same time at double the earlier rate of interest, when interest is compounded annually?
A.	Rs. 2,500
B.	Rs. 2,480
C.	Rs. 2,560
D.	Rs. 2,520
Answer» D. Rs. 2,520

Discussion

321.	A sum of money is borrowed and paid back in two equal yearly instalments of Rs. 6615. If the rate of interest is 5% per annum, compounded yearly, then how much is the interest paid under this scheme?
A.	Rs. 930
B.	Rs. 920
C.	Rs. 900
D.	Rs. 880
Answer» B. Rs. 920

Discussion

322.	If the difference between the simple interest and compound interest on the same principal at 4% per annum for 2 years is Rs.8, then the principal is (compound interest compounded annually)
A.	Rs.4,500
B.	Rs.5,000
C.	Rs.5,100
D.	None of the above
Answer» C. Rs.5,100

Discussion

323.	An amount was lent for one year at the rate of 10% per annum compounding annually had the compounding been done half yearly, the interest would have increased by 80. What was the amount (in Rs.) lent?
A.	16000
B.	32000
C.	48000
D.	64000
Answer» C. 48000

Discussion

324.	If Ram puts Rs. 2000 in a savings account that earns 20% annual interest compounded half-yearly, how much money will be in the account after one year?
A.	Rs. 3530
B.	Rs. 2420
C.	Rs. 2630
D.	Rs. 3870
Answer» C. Rs. 2630

Discussion

325.	A sum of money doubles itself in 5 yeas 20 at compound interest. It will be eight times in -
A.	10 years
B.	12 years
C.	15 years
D.	20 years
Answer» D. 20 years

Discussion

326.	An investor invested 1/2 of his capital at 5%, 1/4 at 10% and rest at 8%. If his income after 2 years is Rs. 2800, find the capital amount.
A.	Rs. 10000
B.	Rs. 15000
C.	Rs. 20000
D.	Rs. 12000
Answer» D. Rs. 12000

Discussion

327.	Compound interest compounded quarterly on Rs. 15000 for 3 years is Rs. 986 more than Simple Interest on the same principal for 3 years. Find the rate of interest.
A.	14 percent
B.	12 percent
C.	10 percent
D.	8 percent
Answer» C. 10 percent

Discussion

328.	A woman invests Rs. 100 at the start of each year at 5% compound interest per annum. How much will her investment be, at the end of the 2nd year?
A.	Rs. 215.25
B.	Rs. 215.5
C.	Rs. 215
D.	Rs. 215.75
Answer» B. Rs. 215.5

Discussion

329.	A sum amounts to Rs. 3872 in 2 years and to Rs. 4259.20 in 3 years at a certain rate percent p.a, if the interest is compounded annually. What is the simple interest on the same sum for \(5\frac{1}{3}\) year at 6.75% p.a?
A.	Rs. 1240
B.	Rs. 1224
C.	Rs. 1152
D.	Rs. 1125
Answer» D. Rs. 1125

Discussion

330.	Mr. Sriram invested Rs. 14,000 in FD. How much will he get on maturity, if he invested it at 20% per annum compound interest for 6 months, compounded quarterly?
A.	Rs. 15,437
B.	Rs. 15,434
C.	Rs. 15,436
D.	Rs. 15,435
Answer» E.

Discussion

331.	A sum amounts to Rs.37,632 at the end of two years at 12% per annum compound interest when interest is compounded annually. What will be the simple interest on the same sum at the same rate for double the earlier period?
A.	Rs. 7,200
B.	Rs. 8,000
C.	Rs. 14,400
D.	Rs. 16,000
Answer» D. Rs. 16,000

Discussion

332.	If in 3 years, at simple interest, the principal increases by 15%. What will be the approximate compound interest earned (in Rs lakhs) on Rs. 15 lakhs in 3 years at the same rate?
A.	7.81
B.	2.87
C.	2.36
D.	3.38
Answer» D. 3.38

Discussion

333.	A sum of money doubles itself in 10 years at simple interest. What is the rate of interest?
A.	5%
B.	8%
C.	10%
D.	2%
Answer» D. 2%

Discussion

334.	At the rate of 8% p.a. simple interest, a sum of Rs. 5500 will earn how much interest in 3 years 6 months?
A.	Rs. 1504
B.	Rs. 1540
C.	Rs. 1450
D.	Rs. 1045
Answer» C. Rs. 1450

Discussion

335.	A borrows a sum of Rs.9,000 for 3 years at 5% simple interest. He lends it at simple interest to B at 7% for 3 years. What is his gain (in Rs.)?
A.	700
B.	540
C.	600
D.	450
Answer» C. 600

Discussion

336.	A lent Rs. 25000 to B and at the same time lent some amount to C at the same 7% simple interest. After 4 years a received Rs. 11200 as interest from B and C. How much did A lend to C?
A.	Rs. 20000
B.	Rs. 25000
C.	Rs. 15000
D.	Rs. 10000
Answer» D. Rs. 10000

Discussion

337.	A sum of money becomes 6 times at simple interest in 15 years. What is the rate of interest?
A.	16.75 percent
B.	8.5 percent
C.	33.33 percent
D.	30.5 percent
Answer» D. 30.5 percent

Discussion

338.	If Rs.15000 amounts to Rs.18000 in 4 years, what will Rs. 25000 amounts to in 6 years at the same rate?
A.	Rs. 35000
B.	Rs. 32500
C.	Rs. 30000
D.	Rs. 28000
Answer» C. Rs. 30000

Discussion

339.	If Rs. 1000 is invested for two years at simple interest at the rate of 12.5% per annum, then what is the amount?
A.	Rs. 1250
B.	Rs. 1325
C.	Rs. 1275
D.	Rs. 1125
Answer» B. Rs. 1325

Discussion

340.	If the compound interest on a sum for 2 years at \(12\;_2^1\%\) per annum is Rs. 340, then the simple interest on same sum at the same rate for the same period of time is
A.	Rs. 310
B.	Rs. 320
C.	Rs. 330
D.	Rs. 335
Answer» C. Rs. 330

Discussion

341.	A man borrowed some money and agreed to pay-off by paying Rs 3150 at the end of the 1st year and Rs 4410 at the end of the 2nd year. If the rate of compound interest is 5% per annum, then the sum is
A.	Rs 5000
B.	Rs 6500
C.	Rs 7000
D.	Rs 9200
Answer» D. Rs 9200

Discussion

342.	A sum of money invested at compound interest amount to Rs. 4624 in 2 years and to Rs. 4913 in 3 years. The sum of money is:
A.	Rs. 4096
B.	Rs. 4260
C.	Rs. 4335
D.	Rs. 4360
Answer» B. Rs. 4260

Discussion

343.	A sum of Rs. 10,240 amounts to Rs. 14,848 in 3 years at simple interest at a certain rate percent per annum. The same sum will amount to Rs. x in \(\frac{1}{4}\) years at the rate, if the interest is compounded five-monthly. The value of x is:
A.	12,342.50
B.	12,282.50
C.	12,242
D.	12,182
Answer» C. 12,242

Discussion

344.	A sum of Rs. 800 invested on simple interest becomes Rs. 1200 in 8 years. What will be simple interest for 6 years on the sum at the same rate of interest?
A.	Rs. 240
B.	Rs. 210
C.	Rs. 250
D.	Rs. 300
Answer» E.

Discussion

345.	At the same amount, the difference of compound interest and simple interest earned in two years is 72 rupees. If the interest rate is 4% annual, then calculate the amount invested (in Rs.)?
A.	43,000
B.	44,000
C.	45,000
D.	42,000
Answer» D. 42,000

Discussion

346.	It takes \(17\frac{1}{2}\) years for a sum to double at a certain rate of simple interest. Find the time it would take for the sum to triple at the same rate of simple interest.
A.	30 years
B.	20 years
C.	15 years
D.	35 years
Answer» E.

Discussion

347.	If the ratio of principal and the simple interest for 5 years is 10 : 7, then find the rate of interest (per annum).
A.	14%
B.	20%
C.	15%
D.	10%
Answer» B. 20%

Discussion

348.	A sum of money at 8% Simple Interest was placed in a deposit for 7 years. The matured the amount was then invested in a scheme offering 10% Compound Interest compounded annually,thereby procuring an interest of Rs.1638 in 2 years. What was the original sum?
A.	Rs. 5000
B.	Rs. 8000
C.	Rs. 6200
D.	Rs. 7500
Answer» B. Rs. 8000

Discussion

349.	A woman invests Rs. 4000 at the start of each year at 5% compound interest per annum. How much will her investment be at the end of the 2nd year?
A.	Rs. 8601
B.	Rs. 8615
C.	Rs. 8600
D.	Rs. 8610
Answer» E.

Discussion

350.	A person borrows Rs. 7,000 for 3 years at 5% p.a. simple interest. He immediately lends it to another persons at \(6 \frac{1}{3}\%\) p.a for 3 years. Find his gain in the transaction per year.
A.	Rs. 92`
B.	Rs. 95.33
C.	Rs. 93.33
D.	Rs. 90
Answer» D. Rs. 90

Discussion

Explore topic-wise MCQs in General Aptitude.

Mr. Davesh borrowed Rs. 4,500 at 4% per annum compound interest. The compound interest compounded annually for 2 years is:

Mr. Ayush borrowed Rs. 3000 at 5% per annum compound interest. The compound interest compounded annually for 2 years is:

A sum becomes 5 times in 4 years at compound interest. In how many years the same sum will become 25 times?

Find the difference between compound interest and simple interest on a sum of Rs. 5000 at 10% per annum for 3 years.

If the annual rate of simple interest increases from 11% to \(17 \frac 1 2\%\), a person's yearly income increases by Rs. 1,071.20. The principal amount invested (in Rs.) is:

A sum is invested at a simple interest. If the rate of interest is 20% per annum, then in how much time will it become double of itself?

A borrows a sum of Rs. 2,000 from his friend B on 31 December 2011 on the condition that he will return the same after one year with simple interest at 8% per annum. However, A gets into a position of returning the money on 1 July 2012. How much amount he has to return to B?

Find the simple interest (in Rs.) on Rs. 16,200/- at the rate of 8% per annum for 2 years.

A sum of money at simple interest doubles in 10 years. In how many years, at the same rate, will it be tripled?

Ms. Vishaka deposits an amount of Rs. 35800 to obtain a simple interest at the rate of 15% per annum for 4 year. What total amount will Ms. Vishaka get at the end of 4 year?

A man invested some amount P at the rate of 20% for 2 years compounded annually and earned 792 as interest. Find the value of P.

Prachi takes Rs. 550 at 5% of simple annual interest. After 4 years, how much money will she have to pay?A. 101B. 606C. 660D. 110

A sum doubles in 4 years at a certain rate of compound interest. In how many years does it amount to 8 times itself at the same rate?

A person has divided a total of Rs. 3,70,000 into three parts and deposited them in three banks offering simple interests of 4%, 5% and 6% respectively. At the end of 1st year the interests received from all three banks are the same. How much has he deposited in those three banks?

On a certain Principal, simple interest amounts to Rs, 1000 in 1 year at a rate of 10% p.a. What will be the Effective rate of compound interest if the same is compounded on a half-yearly basis? A. 10.10B. 10.15C.10.20D. 10.25

A man invests Rs. 2000 at 5% compound interest. At the end of 3 years he will get a total amount of:

At what rate percent per annum simple interest, will a sum of money triple itself in 25 yr ?×duplicate options found. English Question 1 options 1,3

In how many years, an amount becomes three times of itself, if simple interest is calculated at a rate of 10% per annum?

A sum of Rs. 8,000 invested at 10% p.a. amounts to Rs. 9,261 in a certain time, interest compounded half–yearly. What will be the compound interest (in Rs) on the same sum for the same time at double the earlier rate of interest, when interest is compounded annually?

A sum of money is borrowed and paid back in two equal yearly instalments of Rs. 6615. If the rate of interest is 5% per annum, compounded yearly, then how much is the interest paid under this scheme?

If the difference between the simple interest and compound interest on the same principal at 4% per annum for 2 years is Rs.8, then the principal is (compound interest compounded annually)

An amount was lent for one year at the rate of 10% per annum compounding annually had the compounding been done half yearly, the interest would have increased by 80. What was the amount (in Rs.) lent?

If Ram puts Rs. 2000 in a savings account that earns 20% annual interest compounded half-yearly, how much money will be in the account after one year?

A sum of money doubles itself in 5 yeas 20 at compound interest. It will be eight times in -

An investor invested 1/2 of his capital at 5%, 1/4 at 10% and rest at 8%. If his income after 2 years is Rs. 2800, find the capital amount.

Compound interest compounded quarterly on Rs. 15000 for 3 years is Rs. 986 more than Simple Interest on the same principal for 3 years. Find the rate of interest.

A woman invests Rs. 100 at the start of each year at 5% compound interest per annum. How much will her investment be, at the end of the 2nd year?

A sum amounts to Rs. 3872 in 2 years and to Rs. 4259.20 in 3 years at a certain rate percent p.a, if the interest is compounded annually. What is the simple interest on the same sum for \(5\frac{1}{3}\) year at 6.75% p.a?

Mr. Sriram invested Rs. 14,000 in FD. How much will he get on maturity, if he invested it at 20% per annum compound interest for 6 months, compounded quarterly?

A sum amounts to Rs.37,632 at the end of two years at 12% per annum compound interest when interest is compounded annually. What will be the simple interest on the same sum at the same rate for double the earlier period?

If in 3 years, at simple interest, the principal increases by 15%. What will be the approximate compound interest earned (in Rs lakhs) on Rs. 15 lakhs in 3 years at the same rate?

A sum of money doubles itself in 10 years at simple interest. What is the rate of interest?

At the rate of 8% p.a. simple interest, a sum of Rs. 5500 will earn how much interest in 3 years 6 months?

A borrows a sum of Rs.9,000 for 3 years at 5% simple interest. He lends it at simple interest to B at 7% for 3 years. What is his gain (in Rs.)?

A lent Rs. 25000 to B and at the same time lent some amount to C at the same 7% simple interest. After 4 years a received Rs. 11200 as interest from B and C. How much did A lend to C?

A sum of money becomes 6 times at simple interest in 15 years. What is the rate of interest?

If Rs.15000 amounts to Rs.18000 in 4 years, what will Rs. 25000 amounts to in 6 years at the same rate?

If Rs. 1000 is invested for two years at simple interest at the rate of 12.5% per annum, then what is the amount?

If the compound interest on a sum for 2 years at \(12\;_2^1\%\) per annum is Rs. 340, then the simple interest on same sum at the same rate for the same period of time is

A man borrowed some money and agreed to pay-off by paying Rs 3150 at the end of the 1st year and Rs 4410 at the end of the 2nd year. If the rate of compound interest is 5% per annum, then the sum is

A sum of money invested at compound interest amount to Rs. 4624 in 2 years and to Rs. 4913 in 3 years. The sum of money is:

A sum of Rs. 10,240 amounts to Rs. 14,848 in 3 years at simple interest at a certain rate percent per annum. The same sum will amount to Rs. x in \(\frac{1}{4}\) years at the rate, if the interest is compounded five-monthly. The value of x is:

A sum of Rs. 800 invested on simple interest becomes Rs. 1200 in 8 years. What will be simple interest for 6 years on the sum at the same rate of interest?

At the same amount, the difference of compound interest and simple interest earned in two years is 72 rupees. If the interest rate is 4% annual, then calculate the amount invested (in Rs.)?

It takes \(17\frac{1}{2}\) years for a sum to double at a certain rate of simple interest. Find the time it would take for the sum to triple at the same rate of simple interest.

If the ratio of principal and the simple interest for 5 years is 10 : 7, then find the rate of interest (per annum).

A sum of money at 8% Simple Interest was placed in a deposit for 7 years. The matured the amount was then invested in a scheme offering 10% Compound Interest compounded annually,thereby procuring an interest of Rs.1638 in 2 years. What was the original sum?

A woman invests Rs. 4000 at the start of each year at 5% compound interest per annum. How much will her investment be at the end of the 2nd year?

A person borrows Rs. 7,000 for 3 years at 5% p.a. simple interest. He immediately lends it to another persons at \(6 \frac{1}{3}\%\) p.a for 3 years. Find his gain in the transaction per year.