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Quantitative Aptitude > Interest

SIMPLE & COMPOUND INTEREST MCQs

Compound Interest, Simple Interest, Interest (combined)


Total Questions : 1171 | Page 22 of 118 pages
Question 211. On a certain sum of money the compound interest for 2 years is Rs. 282.15 and the simple interest for the same period of time is Rs. 270. The rate of interest per annum is = ?
  1.    6.07%
  2.    10%
  3.    9%
  4.    12.15%
 Discuss Question
Answer: Option C. -> 9%
Question 212. What will be the compound interest accrued on an amount of Rs.10000 @ 20 p.c.p.a in 2 years if the interest is compounded half - yearly?
  1.    Rs. 4400
  2.    Rs. 4600
  3.    Rs. 4641
  4.    Rs. 4680
  5.    None of these
 Discuss Question
Answer: Option C. -> Rs. 4641
Question 213. If the rate of interest be 4% per annum for first year, 5% per annum foe second year and 6% per annum for third year, then the compound interest of Rs.10000 for three years will be ?
  1.    Rs. 1575.20
  2.    Rs. 1600
  3.    Rs. 1625.80
  4.    Rs. 2000
 Discuss Question
Answer: Option A. -> Rs. 1575.20
Question 214. A sum of money invested at compound interest amounts to Rs. 650 at the end of first year and Rs. 676 at the end of second year. The sum of money is = ?
  1.    Rs. 600
  2.    Rs. 540
  3.    Rs. 625
  4.    Rs. 560
 Discuss Question
Answer: Option C. -> Rs. 625
Question 215. The principal which will amounts to Rs. 270.40 in 2 years at the rate of 4% per annum compound interest, is = ?
  1.    Rs. 200
  2.    Rs. 225
  3.    Rs. 250
  4.    Rs. 220
 Discuss Question
Answer: Option C. -> Rs. 250
Question 216. 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
 Discuss Question
Answer: Option B. -> Rs. 121
Question 217. Mr. Duggal invested Rs. 20000 with rate of interest @ 20 p.c.p.a. The interest was compounded half - yearly for first one year ans in the next year it was compounded yearly. What will be the total interest earned at the end of 2 year ?
  1.    Rs. 8040
  2.    Rs. 8800
  3.    Rs. 9040
  4.    Rs. 9800
  5.    None of these
 Discuss Question
Answer: Option C. -> Rs. 9040
Question 218. The compound interest on a certain sum of money at a certain rate for 2 years is Rs. 40.80 and the simple interest on the same sum is Rs. 40 at the same rate and for the same time. The rate of interest is = ?
  1.    2% per annum
  2.    3% per annum
  3.    4% per annum
  4.    5% per annum
 Discuss Question
Answer: Option C. -> 4% per annum
Question 219. A sum of money on compound interest amounts to Rs. 10648 in 3 years and Rs. 9680 in 2 years. The rate of interest per annum is = ?
  1.    5%
  2.    10%
  3.    15%
  4.    20%
 Discuss Question
Answer: Option B. -> 10%
Question 220. The compound interest on Rs 16000 for 9 months at 20% per annum, interest being compounded quarterly, is = ?
  1.    Rs. 2520
  2.    Rs. 2524
  3.    Rs. 2522
  4.    Rs. 2518
 Discuss Question
Answer: Option C. -> Rs. 2522

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