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Quantitative Aptitude > Interest

SIMPLE & COMPOUND INTEREST MCQs

Compound Interest, Simple Interest, Interest (combined)


Total Questions : 1171 | Page 20 of 118 pages
Question 191. 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.    Rs. 6240
  5.    None of these
 Discuss Question
Answer: Option C. -> Rs. 3972
Question 192. The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:
  1.    2
  2.    $$2\frac{1}{2}$$
  3.    3
  4.    4
 Discuss Question
Answer: Option A. -> 2
Question 193. 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?
  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 194. 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
  5.    None of these
 Discuss Question
Answer: Option C. -> Rs. 10123.20
Question 195. 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 196. 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 197. 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 198. 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 199. 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:
  1.    Rs. 1550
  2.    Rs. 1650
  3.    Rs. 1750
  4.    Rs. 2000
  5.    None of these
 Discuss Question
Answer: Option C. -> Rs. 1750
Question 200. 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
  5.    None of these
 Discuss Question
Answer: Option A. -> Rs. 51.25

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