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Quantitative Aptitude > Interest

SIMPLE & COMPOUND INTEREST MCQs

Compound Interest, Simple Interest, Interest (combined)


Total Questions : 1171 | Page 19 of 118 pages
Question 181. A man buys a TV priced at Rs. 16000. He pays Rs. 4000 at once and the rest after 15 months on which he is charges a simple interest at the rate of 12% per year. The total amount he pays for TV is = ?
  1.    Rs. 18200
  2.    Rs. 17200
  3.    Rs. 17800
  4.    Rs. 16800
 Discuss Question
Answer: Option C. -> Rs. 17800
Question 182. If the ratio of principal and the simple interest of 5 years is 10 : 3, then the rate of interest is = ?
  1.    6%
  2.    8%
  3.    3%
  4.    5%
 Discuss Question
Answer: Option A. -> 6%
Question 183. Mr. Dutta desired to deposit his retirement benefit of Rs. 3 lacs partly to a post office and partly to a bank at 10% and 6% simple interests respectively. If his monthly income was Rs. 2000, then the difference of his deposits in the post office and in the bank was = ?
  1.    Rs. 100000
  2.    Rs. 40000
  3.    Rs. 50000
  4.    Rs. Nil
 Discuss Question
Answer: Option D. -> Rs. Nil
Question 184. A sum of Rs. 10 is lent to be returned in 11 monthly instalments of Rs. 1 each, interest being simple. The rate of interest is:
  1.    $$9\frac{1}{{11}}$$ %
  2.    10%
  3.    11%
  4.    $$21\frac{9}{{11}}$$ %
 Discuss Question
Answer: Option D. -> $$21\frac{9}{{11}}$$ %
Question 185. A computer is available for Rs. 39000 cash or Rs. 17000 as cash down payment followed by five monthly instalments of Rs. 4800 each. What is the rate of interest under the instalment plan?
  1.    35.71 % p.a.
  2.    36.71 % p.a.
  3.    37.71 % p.a.
  4.    38.71 % p.a.
 Discuss Question
Answer: Option D. -> 38.71 % p.a.
Question 186. If the rate increases by 2%, the simple interest received on a sum of money increases by Rs. 108. If the time period is increased by 2 years, the simple interest on the same sum increases by Rs. 180. The sum is:
  1.    Rs. 1800
  2.    Rs. 3600
  3.    Rs. 5400
  4.    Data inadequate
  5.    None of these
 Discuss Question
Answer: Option D. -> Data inadequate
Question 187. A boy aged 12 years is left with Rs. 100000 which is under a trust. The trustees invest the money at 6% per annum and pay the minor boy a sum of Rs. 2500, for his pocket money at the end of each year. The expenses of trust come out to be Rs. 500 per annum. Find the amount that will be handed over to the minor boy after he attains the age of 18 years ?
  1.    Rs. 125000
  2.    Rs. 118000
  3.    Rs. 150000
  4.    Rs. 120000
 Discuss Question
Answer: Option B. -> Rs. 118000
Question 188. The simple interest on Rs. 36000 for the period from 5th January to 31st May, 2013 at 9.5% per annum is = ?
  1.    Rs. 1368
  2.    Rs. 1338
  3.    Rs. 1425
  4.    Rs. 1400
 Discuss Question
Answer: Option A. -> Rs. 1368
Question 189. A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is:
  1.    Rs. 120
  2.    Rs. 121
  3.    Rs. 122
  4.    Rs. 123
  5.    None of these
 Discuss Question
Answer: Option B. -> Rs. 121
Question 190. 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:
  1.    625
  2.    630
  3.    640
  4.    650
  5.    None of these
 Discuss Question
Answer: Option A. -> 625

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