1502 + Mcqs in Simple Interest Page 8 McqOptions

351.	At what percentage simple interest per annum a certain sum will double in 10 years?A. 7%B. 8%C. 9%D. 10%
A.	B
B.	A
C.	D
D.	C
Answer» D. C

Discussion

352.	A sum of money invested at compound interest amounts to Rs. 960 in 4 years and Rs. 1,080 in 5 years. What is the rate of interest per annum?
A.	12.5%
B.	12%
C.	11.5%
D.	11%
Answer» B. 12%

Discussion

353.	A sum of Rs.42000 is lent out in two parts in such a way that the compound interest on the first part in two years at the rate of 12.5 percent per annum compounded annually is Rs.6375. Find the interest on other part for two years at the rate of 6.5 percent per annum on simple interest.
A.	Rs. 2650
B.	Rs. 2340
C.	Rs. 2120
D.	Rs. 2700
Answer» C. Rs. 2120

Discussion

354.	If Rs. 600 become Rs. 720 in 4 years, then what is the rate of simple interest per annum?
A.	5%
B.	\(\dfrac{25}{3}\%\)
C.	\(\dfrac{25}{2}\%\)
D.	15%
Answer» B. \(\dfrac{25}{3}\%\)

Discussion

355.	A sum becomes five times of itself in 8 years at simple interest. What is the rate of interest per annum?
A.	37.5%
B.	25%
C.	62.5%
D.	50%
Answer» E.

Discussion

356.	If in 2 years at simple interest the principal increases by 18%, what will be the compound interest (in Rs) earned on Rs. 7000 in 3 years at the same rate?
A.	1865.2
B.	2065.2
C.	1965.2
D.	1765.2
Answer» C. 1965.2

Discussion

357.	A man buys a TV and pays Rs. 8,000 cash and Rs. 9,600 at 5 yr credit at 4% per annum simple interest. Find the cash price of the TV?
A.	Rs. 16.000
B.	Rs. 17,600
C.	Rs. 19,520
D.	Rs. 15,000
Answer» D. Rs. 15,000

Discussion

358.	Rajeev invested Rs. 4500 for 2 years at compound interest in a company which paid him interest of Rs. 1980. What will be the rate of interest (in percent) at which Rajeev invested his money?
A.	10
B.	15
C.	20
D.	18
Answer» D. 18

Discussion

359.	Out of Rs. 20,000 Narendra gives some amount on loan at simple interest rate 8% per annum and rest amount at simple interest rate 4/3% per annum. At the end of year he earns Rs. 800. The amount given at 8% rate will be -
A.	Rs. 8,000
B.	Rs. 6,000
C.	Rs. 10,000
D.	Rs. 12,000
Answer» B. Rs. 6,000

Discussion

360.	Madhav received Rs 36,000 from a credit union. Every year he Borrowed at a rate of 12.5. So how much money will he have to repay in two and a half years?
A.	47250 Rupees
B.	40500 Rupees
C.	45000 Rupees
D.	250 Rupees
Answer» B. 40500 Rupees

Discussion

361.	A sum amounts to Rs. 7,562 in 4 years and to Rs. 8,469.44 in 5 years at a certain rate per cent per annum, when the interest is compounded yearly. The rate of interest is:
A.	12%
B.	20%
C.	8%
D.	15%
Answer» B. 20%

Discussion

362.	A sum of money was invested at simple interest at a certain rate for 5 years. Had it been invested at a 5% higher rate, it would have fetched Rs.500 more. What was the principal amount?
A.	Rs.2,000
B.	Rs.1,800
C.	Rs.1,600
D.	Rs.1,200
Answer» B. Rs.1,800

Discussion

363.	An amount invested at simple interest gives Rs. 2550 interest at rate of 17% per annum in 3 years. What is the principal (in Rs.)?
A.	4000
B.	5000
C.	6000
D.	4500
Answer» C. 6000

Discussion

364.	A sum of Rs. 8000 becomes Rs 12500 in 2 years at a certain rate of compound interest. What will be the sum (in Rs.) after 3 years?
A.	13175
B.	14225
C.	12575
D.	15625
Answer» E.

Discussion

365.	Deepak lent Rs. 8800 to Jaichand for 13 years and Rs.5500 to Kapil for 12 years on simple interest at the same rate of interest and received Rs.14432 in all from both of them as interest. The rate of interest per annum is ___.
A.	8.5 percent
B.	9 percent
C.	9.5 percent
D.	8 percent
Answer» E.

Discussion

366.	If the difference between the compounded interest and simple interest at 17% on a sum of money for 2 years (compounded annually) is Rs. 433.50, then compound interest (in Rs.) is:
A.	Rs. 5,533.50
B.	Rs. 2,735.50
C.	Rs. 5,100
D.	Rs. 2,500
Answer» B. Rs. 2,735.50

Discussion

367.	Nitin’s money becomes double in 4 years at compound interest. In how many years will it become sixteen times at compound Interest?
A.	20
B.	24
C.	16
D.	28
Answer» D. 28

Discussion

368.	Find the compound interest on Rs. 2400 for 2 years at 5% per annum.
A.	Rs. 198
B.	Rs. 260
C.	Rs. 188
D.	Rs. 246
Answer» E.

Discussion

369.	A sum of money, when invested at a certain rate of compound interest per year, became 1.21 times the sum invested on maturity after two years. What was the rate of compound interest per annum?
A.	11%
B.	10.5%
C.	10%
D.	9.9%
Answer» D. 9.9%

Discussion

370.	A certain sum of money becomes 4 times of itself in 30 years at a rate of simple interest. In how many years it will become double of itself at the same rate of simple interest
A.	20
B.	15
C.	10
D.	12
Answer» D. 12

Discussion

371.	A sum of money becomes 3 times in 5 years at simple interest. In how many years will the same sum become 6 times at the same rate of simple interest?
A.	10 years
B.	12 years
C.	12.5 years
D.	10.5 years
Answer» D. 10.5 years

Discussion

372.	If the rate of compound interest is 20% per annum, compounded half-yearly, then what will be the interest on a principal of Rs. 1,00,000 for two years?
A.	Rs. 33,100
B.	Rs. 21,000
C.	Rs. 46,410
D.	Rs. 44,000
Answer» D. Rs. 44,000

Discussion

373.	A sum of Rs. 27,000 is divided into two parts A and B such that the simple interest at the rate of 15% p.a. on A and B after two years and four years, respectively, is equal. The total interest (in Rs.) received together from A and B is:
A.	18,000
B.	9,600
C.	5,400
D.	10,800
Answer» E.

Discussion

374.	A certain sum becomes Rs. 1020 in 5 years and Rs. 1200 in 8 years at simple interest. What is the value of principal?
A.	820
B.	780
C.	700
D.	720
Answer» E.

Discussion

375.	A certain sum amounts to Rs.13,860 after 5 years and to Rs.16,776 after 8 years at the same rate percent annum at simple interest. What will be the simple interest (in Rs) on a sum of Rs.10,000 for \(4\dfrac{2}{5}\) years at the same rate?
A.	4,650
B.	4,684
C.	4,774
D.	4,752
Answer» E.

Discussion

376.	Pankaj invests an amount by dividing it between three different schemes A, B and C with rates of interest, 10%, 12% and 15% per annum respectively, and the total interest that accumulates in one year is Rs. 3200. The amount he invests in schemes A, B and C are in the proportion 8 : 5 : 12, then what is the amount he invests in scheme B?
A.	Rs. 4500
B.	Rs. 5500
C.	Rs. 5000
D.	Rs. 4000
Answer» D. Rs. 4000

Discussion

377.	Find the compound interest on Rs. 7,500 for 24 months at 16% per annum.
A.	Rs. 2,392
B.	Rs. 2,492
C.	Rs. 2,592
D.	Rs. 2,692
Answer» D. Rs. 2,692

Discussion

378.	If the interest is compounded half-yearly, then what will be the compound interest (in Rs.) on a sum of Rs. 10000 for 1 year at the rate of 10% per annum?
A.	1250
B.	525
C.	1000
D.	1025
Answer» E.

Discussion

379.	A certain amount is given at 16% compound interest, which is compounded quarterly. What will be the effective rate of interest per year (correct to two decimal places)?
A.	16.99%
B.	16.72%
C.	16.56%
D.	16.52%
Answer» B. 16.72%

Discussion

380.	A man deposits Rs. 500 at the beginning of each year for 2 years at 10% p.a compound annually. Find the maturity value at the end of the 2nd year.A. Rs. 1,050B. Rs. 1,150C. Rs. 1,155D. Rs. 1,200
A.	A
B.	D
C.	C
D.	B
Answer» D. B

Discussion

381.	A sum of Rs. 500 was lent for two years at 2% compound interest. The interest for two years will be∶
A.	Rs. 20
B.	Rs. 25
C.	Rs. 50.20
D.	Rs. 20.20
Answer» E.

Discussion

382.	A sum of money at compound interest doubles itself in 15 years. It will become eight times of itself in how many years at the same rate of interest per annum?
A.	60 years
B.	54 years
C.	48 years
D.	45 years
Answer» E.

Discussion

383.	A sum becomes Rs. 10650 in 5 years. and Rs. 11076 in 6 years. at simple interest. What is the sum?
A.	Rs. 8946
B.	Rs. 8740
C.	Rs. 8520
D.	Rs. 8800
Answer» D. Rs. 8800

Discussion

384.	A person lent certain sum of money at 5% per annum simple interest and in 15 years the interest amounted to Rs. 250 less than the sum lent. What was the sum lent (in Rs)?
A.	1000
B.	1500
C.	2400
D.	3000
Answer» B. 1500

Discussion

385.	If a sum of money at a certain rate of simple interest per year doubles in 5 years and at a different rate of simple interest per year becomes three times in 12 years, then the difference in the two rates of simple interest per year is
A.	2%
B.	3%
C.	10/3%
D.	23/3%
Answer» D. 23/3%

Discussion

386.	Ms. Ayesha borrowed Rs. 1000 at 5% per annum simple interest. What amount (in rupees) will she pay to clear her debt after 4 years?
A.	200
B.	1200
C.	220
D.	1300
Answer» C. 220

Discussion

387.	A person invested a total sum of Rs. 7900 in three different schemes of simple interest at 3%, 5% and 8% per annum. At the end of one year he got same interest in all three schemes. What is the money (in Rs.) invested at 3%?
A.	2900
B.	3500
C.	4000
D.	5600
Answer» D. 5600

Discussion

388.	If the compound interest in the third year at 8% p.a on a certain sum is Rs. 3600, then what is the difference between the compound interest in the 4th and 5th year? (nearest to an
A.	Rs. 311
B.	Rs. 335
C.	Rs. 304
D.	Rs. 288
Answer» B. Rs. 335

Discussion

389.	Calculate the amount on Rs. 1875 for 2 years at 4% per annum, compounded yearly.
A.	Rs. 675
B.	Rs. 776
C.	Rs. 1778
D.	Rs. 2028
Answer» E.

Discussion

390.	A sum of Rs. 18,000 is invested for 16 months at 8% per annum compounded half-yearly. What is the percentage gain at the end of 16 months, to the nearest whole number?
A.	9%
B.	11%
C.	10%
D.	12%
Answer» C. 10%

Discussion

391.	On what principal will the difference between Compound Interest and Simple Interest at 10% rate in 3 years be equal to Rs. 620?
A.	Rs. 24000
B.	Rs. 25000
C.	Rs. 20000
D.	Rs. 18000
Answer» D. Rs. 18000

Discussion

392.	A sum of Rs. 4000 becomes Rs. 5800 in 3 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 of interest is done yearly), then what will be the amount (in Rs.) after 2 years?
A.	4430
B.	5450
C.	5290
D.	4970
Answer» D. 4970

Discussion

393.	A person divided a sum of Rs. 17, 200 into three parts and invested at 5%, 6% and 9% per annum simple interest. At the end of two years, he got the same interest on each part of money. What is the money invested at 9%?
A.	Rs. 3,200
B.	Rs. 4,000
C.	Rs. 4,800
D.	Rs. 5,000
Answer» C. Rs. 4,800

Discussion

394.	At 12% simple interest per annum a sum of money becomes Rs. 295 in \(1\frac{1}{2}\) years. What was the sum invested?
A.	Rs. 240
B.	Rs. 260
C.	Rs. 275
D.	Rs. 250
Answer» E.

Discussion

395.	A person invested a sum of Rs. 18,600 at x% p.a and another sum that is twice the former at (x + 2)% p.a., both at simple interest. If the total interest earned on both investments for \(3\frac{1}{2}\) years is Rs. 23, 110.50, then the rate of interest p.a. on the second investment is:
A.	135
B.	11%
C.	10.55
D.	12.5%
Answer» E.

Discussion

396.	If compound interest received on a certain amount in the 2nd year is Rs. 1200, what will be the compound interest (in Rs.) for the 4th year on the same amount at 10% rate of interest?
A.	1452
B.	1320
C.	1552
D.	1420
Answer» B. 1320

Discussion

397.	A certain principal invested at compound interest payable yearly amounts to Rs. 10816.00 in 3 years and Rs. 11248.64 in 4 years. What is the rate of interest?
A.	3%
B.	4%
C.	4.5%
D.	5.5%
Answer» C. 4.5%

Discussion

398.	A sum of Rs. 12,000 was taken at simple interest at some rate. After four months, Rs. 6,000 more was added and the total principal was charged at double the earlier rate of interest. At the end of the year, if the total interest was Rs. 2,800, what was the initial rate of interest?
A.	12%
B.	10%
C.	14%
D.	16%
Answer» C. 14%

Discussion

399.	Gouri took a loan of 50,000 rupees at the rate of 10% from a bank and bought a scooter. After three years she cleared her loan. How much money she would have paid in all?
A.	Rs. 15,000
B.	Rs. 55000
C.	Rs. 65,000
D.	Rs. 60,000
Answer» D. Rs. 60,000

Discussion

400.	Mohan invested a sum of the amount at the rate of 15% SI per annum for two years and received a total amount of Rs.9984. He invested the same amount at the rate x% per annum at CI for two years and he received interest Rs. 6500 more as compared to the Simple Interest, then find the value of x%.(approximately.)
A.	46.5%
B.	30.5%
C.	25.5%
D.	35.5%
E.	22.5%
Answer» B. 30.5%

Discussion

Explore topic-wise MCQs in General Aptitude.

At what percentage simple interest per annum a certain sum will double in 10 years?A. 7%B. 8%C. 9%D. 10%

A sum of money invested at compound interest amounts to Rs. 960 in 4 years and Rs. 1,080 in 5 years. What is the rate of interest per annum?

A sum of Rs.42000 is lent out in two parts in such a way that the compound interest on the first part in two years at the rate of 12.5 percent per annum compounded annually is Rs.6375. Find the interest on other part for two years at the rate of 6.5 percent per annum on simple interest.

If Rs. 600 become Rs. 720 in 4 years, then what is the rate of simple interest per annum?

A sum becomes five times of itself in 8 years at simple interest. What is the rate of interest per annum?

If in 2 years at simple interest the principal increases by 18%, what will be the compound interest (in Rs) earned on Rs. 7000 in 3 years at the same rate?

A man buys a TV and pays Rs. 8,000 cash and Rs. 9,600 at 5 yr credit at 4% per annum simple interest. Find the cash price of the TV?

Rajeev invested Rs. 4500 for 2 years at compound interest in a company which paid him interest of Rs. 1980. What will be the rate of interest (in percent) at which Rajeev invested his money?

Out of Rs. 20,000 Narendra gives some amount on loan at simple interest rate 8% per annum and rest amount at simple interest rate 4/3% per annum. At the end of year he earns Rs. 800. The amount given at 8% rate will be -

Madhav received Rs 36,000 from a credit union. Every year he Borrowed at a rate of 12.5. So how much money will he have to repay in two and a half years?

A sum amounts to Rs. 7,562 in 4 years and to Rs. 8,469.44 in 5 years at a certain rate per cent per annum, when the interest is compounded yearly. The rate of interest is:

A sum of money was invested at simple interest at a certain rate for 5 years. Had it been invested at a 5% higher rate, it would have fetched Rs.500 more. What was the principal amount?

An amount invested at simple interest gives Rs. 2550 interest at rate of 17% per annum in 3 years. What is the principal (in Rs.)?

A sum of Rs. 8000 becomes Rs 12500 in 2 years at a certain rate of compound interest. What will be the sum (in Rs.) after 3 years?

Deepak lent Rs. 8800 to Jaichand for 13 years and Rs.5500 to Kapil for 12 years on simple interest at the same rate of interest and received Rs.14432 in all from both of them as interest. The rate of interest per annum is ___.

If the difference between the compounded interest and simple interest at 17% on a sum of money for 2 years (compounded annually) is Rs. 433.50, then compound interest (in Rs.) is:

Nitin’s money becomes double in 4 years at compound interest. In how many years will it become sixteen times at compound Interest?

Find the compound interest on Rs. 2400 for 2 years at 5% per annum.

A sum of money, when invested at a certain rate of compound interest per year, became 1.21 times the sum invested on maturity after two years. What was the rate of compound interest per annum?

A certain sum of money becomes 4 times of itself in 30 years at a rate of simple interest. In how many years it will become double of itself at the same rate of simple interest

A sum of money becomes 3 times in 5 years at simple interest. In how many years will the same sum become 6 times at the same rate of simple interest?

If the rate of compound interest is 20% per annum, compounded half-yearly, then what will be the interest on a principal of Rs. 1,00,000 for two years?

A sum of Rs. 27,000 is divided into two parts A and B such that the simple interest at the rate of 15% p.a. on A and B after two years and four years, respectively, is equal. The total interest (in Rs.) received together from A and B is:

A certain sum becomes Rs. 1020 in 5 years and Rs. 1200 in 8 years at simple interest. What is the value of principal?

A certain sum amounts to Rs.13,860 after 5 years and to Rs.16,776 after 8 years at the same rate percent annum at simple interest. What will be the simple interest (in Rs) on a sum of Rs.10,000 for \(4\dfrac{2}{5}\) years at the same rate?

Find the compound interest on Rs. 7,500 for 24 months at 16% per annum.

If the interest is compounded half-yearly, then what will be the compound interest (in Rs.) on a sum of Rs. 10000 for 1 year at the rate of 10% per annum?

A certain amount is given at 16% compound interest, which is compounded quarterly. What will be the effective rate of interest per year (correct to two decimal places)?

A man deposits Rs. 500 at the beginning of each year for 2 years at 10% p.a compound annually. Find the maturity value at the end of the 2nd year.A. Rs. 1,050B. Rs. 1,150C. Rs. 1,155D. Rs. 1,200

A sum of Rs. 500 was lent for two years at 2% compound interest. The interest for two years will be∶

A sum of money at compound interest doubles itself in 15 years. It will become eight times of itself in how many years at the same rate of interest per annum?

A sum becomes Rs. 10650 in 5 years. and Rs. 11076 in 6 years. at simple interest. What is the sum?

A person lent certain sum of money at 5% per annum simple interest and in 15 years the interest amounted to Rs. 250 less than the sum lent. What was the sum lent (in Rs)?

If a sum of money at a certain rate of simple interest per year doubles in 5 years and at a different rate of simple interest per year becomes three times in 12 years, then the difference in the two rates of simple interest per year is

Ms. Ayesha borrowed Rs. 1000 at 5% per annum simple interest. What amount (in rupees) will she pay to clear her debt after 4 years?

A person invested a total sum of Rs. 7900 in three different schemes of simple interest at 3%, 5% and 8% per annum. At the end of one year he got same interest in all three schemes. What is the money (in Rs.) invested at 3%?

If the compound interest in the third year at 8% p.a on a certain sum is Rs. 3600, then what is the difference between the compound interest in the 4th and 5th year? (nearest to an

Calculate the amount on Rs. 1875 for 2 years at 4% per annum, compounded yearly.

A sum of Rs. 18,000 is invested for 16 months at 8% per annum compounded half-yearly. What is the percentage gain at the end of 16 months, to the nearest whole number?

On what principal will the difference between Compound Interest and Simple Interest at 10% rate in 3 years be equal to Rs. 620?

A sum of Rs. 4000 becomes Rs. 5800 in 3 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 of interest is done yearly), then what will be the amount (in Rs.) after 2 years?

A person divided a sum of Rs. 17, 200 into three parts and invested at 5%, 6% and 9% per annum simple interest. At the end of two years, he got the same interest on each part of money. What is the money invested at 9%?

At 12% simple interest per annum a sum of money becomes Rs. 295 in \(1\frac{1}{2}\) years. What was the sum invested?

A person invested a sum of Rs. 18,600 at x% p.a and another sum that is twice the former at (x + 2)% p.a., both at simple interest. If the total interest earned on both investments for \(3\frac{1}{2}\) years is Rs. 23, 110.50, then the rate of interest p.a. on the second investment is:

If compound interest received on a certain amount in the 2nd year is Rs. 1200, what will be the compound interest (in Rs.) for the 4th year on the same amount at 10% rate of interest?

A certain principal invested at compound interest payable yearly amounts to Rs. 10816.00 in 3 years and Rs. 11248.64 in 4 years. What is the rate of interest?

A sum of Rs. 12,000 was taken at simple interest at some rate. After four months, Rs. 6,000 more was added and the total principal was charged at double the earlier rate of interest. At the end of the year, if the total interest was Rs. 2,800, what was the initial rate of interest?

Gouri took a loan of 50,000 rupees at the rate of 10% from a bank and bought a scooter. After three years she cleared her loan. How much money she would have paid in all?