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Quantitative Aptitude > Interest

COMPOUND INTEREST MCQs

Total Questions : 262 | Page 25 of 27 pages
Question 241.  The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:
  1.    625
  2.    630
  3.    640
  4.    650
 Discuss Question
Answer: Option A. -> 625
Question 242.  At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?
  1.    6%
  2.    6.5%
  3.    7%
  4.    7.5%
 Discuss Question
Answer: Option A. -> 6%
Question 243.  The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:
  1.    2
  2.    3
  3.    4
  4.    None of these
 Discuss Question
Answer: Option A. -> 2
Question 244.  What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.?
  1.    Rs. 9000.30
  2.    Rs. 9720
  3.    Rs. 10123.20
  4.    Rs. 10483.20
 Discuss Question
Answer: Option C. -> Rs. 10123.20
Question 245.  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?
  1.    Rs. 2160
  2.    Rs. 3120
  3.    Rs. 3972
  4.    None of these
 Discuss Question
Answer: Option D. -> None of these
Question 246.  What is the difference between the compound interests on Rs. 5000 for 1 years at 4% per annum compounded yearly and half-yearly?
  1.    Rs. 2.04
  2.    Rs. 3.06
  3.    Rs. 4.80
  4.    Rs. 8.30
 Discuss Question
Answer: Option A. -> Rs. 2.04
Question 247.  The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:
  1.    3
  2.    4
  3.    5
  4.    6
 Discuss Question
Answer: Option B. -> 4
Question 248.  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?
  1.    Rs. 8600
  2.    Rs. 8620
  3.    Rs. 8820
  4.    None of these
 Discuss Question
Answer: Option C. -> Rs. 8820
Question 249. . The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:
  1.    6.06%
  2.    6.07%
  3.    6.08%
  4.    6.09%
 Discuss Question
Answer: Option D. -> 6.09%
Question 250. . If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time?
  1.    Rs. 51.25
  2.    Rs. 52
  3.    Rs. 54.25
  4.    Rs. 60
 Discuss Question
Answer: Option A. -> Rs. 51.25

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