Compound Interest(Quantitative Aptitude > Interest ) Questions and answers for exam Preparation

Quantitative Aptitude > Interest

COMPOUND INTEREST MCQs

Total Questions : 262 | Page 26 of 27 pages

Question 251. . The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:

Rs. 2.50
Rs. 3
Rs. 3.75
Rs. 4

Discuss Question

Answer: Option B. -> Rs. 3

Question 252. . Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:

Rs. 1550
Rs. 1650
Rs. 1750
Rs. 2000

Discuss Question

Answer: Option C. -> Rs. 1750

Question 253. . 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

Discuss Question

Answer: Option A. -> 8

Question 254. . 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:

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. 500
Rs. 600
Rs. 800

Discuss Question

Answer: Option B. -> Rs. 500

Question 255. . What is the rate of interest p.c.p.a.?
I. An amount doubles itself in 5 years on simple interest.
II. Difference between the compound interest and the simple interest earned on a certain amount in 2 years is Rs. 400.
III. Simple interest earned per annum is Rs. 2000.

I only
II and III only
All I, II and III
I only or II and III only

Discuss Question

Answer: Option D. -> I only or II and III only

Question 256. . What will be the compound interest earned on an amount of Rs. 5000 in 2 years?
I. The simple interest on the same amount at the same rate of interest in 5 years is Rs. 2000.
II. The compound interest and the simple interest earned in one year is the same.
III. The amount becomed more than double on compound interest in 10 years.

I only
I and II only
I and III only
II and III only

Discuss Question

Answer: Option A. -> I only

Question 257. . What will be compounded amount?
I. Rs. 200 was borrowed for 192 months at 6% compounded annually.
II. Rs. 200 was borrowed for 16 years at 6%.

I alone sufficient while II alone not sufficient to answer
II alone sufficient while I alone not sufficient to answer
Either I or II alone sufficient to answer
Both I and II are not sufficient to answer

Discuss Question

Answer: Option C. -> Either I or II alone sufficient to answer

Question 258. . An amount of money was lent for 3 years. What will be the difference between the simple and the compound interest earned on it at the same rate?
I. The rate of interest was 8 p.c.p.a.
II. The total amount of simple interest was Rs. 1200.

I alone sufficient while II alone not sufficient to answer
II alone sufficient while I alone not sufficient to answer
Both I and II are not sufficient to answer
Both I and II are necessary to answer

Discuss Question

Answer: Option D. -> Both I and II are necessary to answer

Question 259. . What is the rate of compound interest?
I. The principal was invested for 4 years.
II. The earned interest was Rs. 1491.

I alone sufficient while II alone not sufficient to answer
II alone sufficient while I alone not sufficient to answer
Either I or II alone sufficient to answer
Both I and II are not sufficient to answer

Discuss Question

Answer: Option D. -> Both I and II are not sufficient to answer

Question 260. . Mr. Gupta borrowed a sum of money on compound interest. What will be the amount to be repaid if he is repaying the entire amount at the end of 2 years?
I. The rate of interest is 5 p.c.p.a.
II. Simple interest fetched on the same amount in one year is Rs. 600.
III. The amount borrowed is 10 times the simple interest in 2 years.