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Quantitative Aptitude > Interest

SIMPLE & COMPOUND INTEREST MCQs

Compound Interest, Simple Interest, Interest (combined)

Total Questions : 1171 | Page 21 of 118 pages
Question 201. 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?
  1.    8
  2.    10
  3.    12
  4.    Cannot be determined
  5.    None of these
 Discuss Question
Answer: Option A. -> 8
Question 202. The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:
  1.    Rs. 2.50
  2.    Rs. 3
  3.    Rs. 3.75
  4.    Rs. 4
  5.    None of these
 Discuss Question
Answer: Option B. -> Rs. 3
Question 203. 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:
  1.    Rs. 400
  2.    Rs. 500
  3.    Rs. 600
  4.    Rs. 800
 Discuss Question
Answer: Option B. -> Rs. 500
Question 204. In how many years will Rs. 2000 amounts to Rs. 2420 at 10% per annum compound interest?
  1.    3 years
  2.    $$2\frac{1}{2}$$ years
  3.    2 years
  4.    $$1\frac{1}{2}$$ years
 Discuss Question
Answer: Option C. -> 2 years
Question 205. What would be the compound interest accrued on an amount of Rs. 8400 @ 12.5 p.c.p.a at the end of 3 years ?
  1.    Rs. 2584.16
  2.    Rs. 3560.16
  3.    Rs. 3820.14
  4.    Rs. 4205.62
  5.    None of these
 Discuss Question
Answer: Option B. -> Rs. 3560.16
Question 206. If the difference between the compound interest and simple interest on a sum of 5% rate of interest per annum for three years is Rs. 36.60, then the sum is = ?
  1.    Rs. 8000
  2.    Rs. 8400
  3.    Rs. 4400
  4.    Rs. 4800
 Discuss Question
Answer: Option D. -> Rs. 4800
Question 207. A sum of money doubles itself in 4 years compound interest. It will amount to 8 times itself at the same rate of interest in = ?
  1.    18 years
  2.    12 years
  3.    16 years
  4.    24 years
 Discuss Question
Answer: Option B. -> 12 years
Question 208. A sum becomes Rs.1352 in 2 years at 4% per annum compound interest. The sum is = ?
  1.    Rs. 1225
  2.    Rs. 1270
  3.    Rs. 1245
  4.    Rs. 1250
 Discuss Question
Answer: Option D. -> Rs. 1250
Question 209. The compound interest on Rs.2800 for 18 months at 10% p.a is = ?
  1.    Rs. 420
  2.    Rs. 434
  3.    Rs. 436.75
  4.    Rs. 441.35
 Discuss Question
Answer: Option B. -> Rs. 434
Question 210. If the compound interest on a sum of money for 3 years at the rate of 5% per annum is Rs. 252.20, the simple interest on the same sum at the same rate and for the same time is ?
  1.    Rs. 220
  2.    Rs. 240
  3.    Rs. 245
  4.    Rs. 250
 Discuss Question
Answer: Option B. -> Rs. 240

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