MCQ Geeks
0 : 0 : 1
CBSE
JEE
NTSE
NEET
English
UK Quiz
Quiz
Driving Test
Practice
Games
Quiz
Arithmetic Ability
Compound Interest
Quiz 3
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
Q.1
The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?
8
10
12
Cannot be determined
None of these
Q.2
The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is:
Rs. 400
Rs. 500
Rs. 600
Rs. 800
Q.3
On a certain sum of money, the difference between the compound interest for a year, payable half yearly, and the simple interest for a year is Rs. 56. If the rate of interest in both the cases is 16%, then the sum is ?
Rs. 1080
Rs. 7805
Rs. 8750
Rs. 5780
Q.4
At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?
6%
6.5%
7%
7.5%
Q.5
The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:
3
4
5
6
Q.6
Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit?
Rs. 8600
Rs. 8620
Rs. 8820
None of these
Q.7
The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Rs. 1. The sum (in Rs.) is:
625
630
640
650
None of these
Q.8
There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?
Rs. 2160
Rs. 3120
Rs. 3972
Rs. 6240
None of these
Q.9
What is the difference between the compound interests on Rs. 5000 for $$1\frac{1}{2}$$ years at 4% per annum compounded yearly and half-yearly?
Rs. 2.04
Rs. 3.06
Rs. 4.80
Rs. 8.30
Q.10
The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:
6.06%
6.07%
6.08%
6.09%
Q.11
The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:
2
$$2\frac{1}{2}$$
3
4
Q.12
The compound interest on Rs. 6000 at 10% per annum for $${\text{1}}\frac{1}{2}$$ years, when the interest being compounded annually, is = ?
Rs. 910
Rs. 870
Rs. 930
Rs. 900
Q.13
The difference between compound interest and simple interest on a certain sum of money for 2 years at 5% per annum is Rs. 41. What is the sum of money ?
Rs. 7200
Rs. 9600
Rs. 16400
Rs. 8400
Q.14
In what time will Rs 64000 amounts to Rs 68921 at 5% per annum interest being compounded half yearly ?
$$1\frac{1}{2}$$ years
2 years
3 years
$$2\frac{1}{2}$$ years
Q.15
When principal = Rs. S, rate of interest = 2r % p.a., then a person will get after 3 years at compound interest = ?
$${\text{Rs}}{\text{. }}\frac{{6{\text{Sr}}}}{{100}}$$
$${\text{Rs}}{\text{. S}}{\left( {1 + \frac{{\text{r}}}{{50}}} \right)^3}$$
$${\text{Rs}}{\text{. S}}{\left( {1 + \frac{{\text{r}}}{{100}}} \right)^3}$$
$${\text{Rs}}{\text{. 3S}}{\left( {1 + \frac{{\text{r}}}{{100}}} \right)^3}$$
Q.16
The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is = ?
Rs. 520
Rs. 550
Rs. 500
Rs. 515
Q.17
Shashi had a certain amount of money. He invested $$\frac{2}{3}$$ of the total money in scheme A for 6 years and rest of the money he invested in scheme B for 2 years. Scheme A offers simple interest at a rate of 12% p.a. and scheme B offers compound interest ( compound annually) at a rate of 10% p.a. If the total interest obtained from both the schemes is Rs. 2750. What was the total amount invested by him in scheme A and scheme B together ? (Approximate value)
Rs. 4500
Rs. 4200
Rs. 4050
Rs. 5000
Q.18
The compound interest on a certain sum of money for 2 years at 10% per annum is Rs. 525.The simple interest on the same sum of money for double the time at half the rate percent per annum is ?
Rs. 1000
Rs. 500
Rs. 200
Rs. 800
Q.19
At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years ?
6.5%
4.5%
6%
7.5%
Q.20
On what sum of money will the difference between simple interest and compound interest for 2 years at 5% per annum be equal to Rs. 63 ?
Rs. 24600
Rs. 24800
Rs. 25200
Rs. 25500
Q.21
A sum of Rs 210 was taken as a loan. This is to be paid back in two equal installments. If the rate of interest be 10% compounded annually, then the value of each installment is = ?
Rs. 127
Rs. 121
Rs. 210
Rs. 225
Q.22
A certain sum will amount to Rs 12100 in 2 years at 10% per annum of compound interest, interest being compounded annually. The sum is = ?
Rs. 12000
Rs. 6000
Rs. 8000
Rs. 10000
Q.23
What does Rs. 250 amounts to in 2 years with compound interest at the rate of 4% in the 1
^{st}
year and 8% in the second year ?
Rs. 280
Rs. 280.80
Rs. 468
Rs. 290.80
Q.24
The compound interest on a certain sum of money for 2 years at 5% is Rs. 328, then the sum is = ?
Rs. 3000
Rs. 3600
Rs. 3200
Rs. 3400
Q.25
The difference between CI and SI on a certain sum of money for 3 years at 5% p.a. is Rs. 122. Find the sum invested = ?
Rs. 10000
Rs. 12000
Rs. 16000
Rs. 20000
Q.26
A man invested a sum of money at compound interest. It amounted to Rs. 2420 in 2 years and to Rs. 2662 in 3 years. Find the sum ?
Rs. 1000
Rs. 2000
Rs. 5082
Rs. 3000
Q.27
The difference between CI and SI for 3 years Rs. 992. If rate of interest is 10%. Find the Principal ?
Rs. 22000
Rs. 30000
Rs. 28000
Rs. 32000
Q.28
Find the rate percent per annum if Rs. 2000 amounts to Rs. 2315.25 in one and half years interest being compounded half yearly.
10%
11.5%
5%
20%
Q.29
One can purchase a flat from a house building society for Rs. 55000 cash or on the terms that he should pay Rs. 4275 as cash down payment and get the rest in three equal installments. The society charges interest at the rate of 16% per annum compounded half-yearly. If the flat is purchased under installment plan, find the value of each installment ?
Rs. 18756
Rs. 19292
Rs. 19683
Rs. 20285
Q.30
The compound interest on a certain sum of money for 2 years at 5% per annum is Rs 410. The simple interest on the same sum at the same rate and for the same time is = ?
Rs. 400
Rs. 300
Rs. 350
Rs. 405
0 h : 0 m : 1 s
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
Report Question
×
What's an issue?
Question is wrong
Answer is wrong
Other Reason
Want to elaborate a bit more? (optional)