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Quantitative Aptitude > Interest

SIMPLE & COMPOUND INTEREST MCQs

Compound Interest, Simple Interest, Interest (combined)


Total Questions : 1171 | Page 23 of 118 pages
Question 221. A man gets a simple interest on Rs. 1000 on a certain principal at the rate of 5 p.c.p.a. in 4 years. What compound interest will the man get on twice the principal in 2 years at the same rate ?
  1.    Rs. 1000
  2.    Rs. 1005
  3.    Rs. 10125
  4.    Rs. 11025
  5.    None of these
 Discuss Question
Answer: Option E. -> None of these
Question 222. Compound interest on a sum of money for 2 years at 4% per annum is Rs. 2448. simple interest on the same sum of money at the same rate of interest for 2 years will be = ?
  1.    Rs. 2500
  2.    Rs. 2400
  3.    Rs. 2360
  4.    Rs. 2250
 Discuss Question
Answer: Option B. -> Rs. 2400
Question 223. The difference between simple interest ans compound interest on Rs. P at R% p.a in 2 years is = ?
  1.    $${\text{Rs}}{\text{.}}\,\frac{{PR}}{{100}}$$
  2.    $${\text{Rs}}{\text{.}}\,\frac{{2PR}}{{100}}$$
  3.    $${\text{Rs}}{\text{.}}\,\frac{{P{R^2}}}{{100}}$$
  4.    $${\text{Rs}}{\text{.}}\,\frac{{P{R^2}}}{{{{\left( {100} \right)}^2}}}$$
 Discuss Question
Answer: Option D. -> $${\text{Rs}}{\text{.}}\,\frac{{P{R^2}}}{{{{\left( {100} \right)}^2}}}$$
Question 224. A person deposited a sum of of Rs 6000 in a bank at 5% per annum simple interest. Another person deposited Rs 5000 at 8% per annum compound interest. After two years, the difference of their interest will be = ?
  1.    Rs. 230
  2.    Rs. 232
  3.    Rs. 832
  4.    Rs. 600
 Discuss Question
Answer: Option B. -> Rs. 232
Question 225. What will be the difference between the simple interest and compound interest accrued on an amount of Rs. 19200 of 3 years @ 12 p.c.p.a. ?
  1.    Rs. 722.6826
  2.    Rs. 798.1824
  3.    Rs. 802.5144
  4.    Rs. 862.6176
  5.    None of these
 Discuss Question
Answer: Option D. -> Rs. 862.6176
Question 226. What will be the difference between S.I. and C.I. on a sum of Rs. 15000 for 2 years at the same rate of interest of $$12\frac{1}{2}$$ % per annum ?
  1.    Rs. 230.550
  2.    Rs. 234.375
  3.    Rs. 250.129
  4.    Rs. 324.357
 Discuss Question
Answer: Option B. -> Rs. 234.375
Question 227. A certain sum, invested at 4% per annum compound interest, compounded half yearly, amounts to Rs. 7803 at the end of one year. The sum is ?
  1.    Rs. 7000
  2.    Rs. 7200
  3.    Rs. 7500
  4.    Rs. 7700
 Discuss Question
Answer: Option C. -> Rs. 7500
Question 228. A certain sum of money yields Rs. 1261 as compound interest for three years at 5% per annum. The sum is ?
  1.    Rs. 9000
  2.    Rs. 8400
  3.    Rs. 7500
  4.    Rs. 8000
 Discuss Question
Answer: Option D. -> Rs. 8000
Question 229. A man borrow Rs. 4000 at 15%, compound rate of interest. At the end of each year he pays back Rs. 1500. How much amount should be pay at the end of the third year to clear all his dues ?
  1.    Rs. 874.75
  2.    Rs. 824.50
  3.    Rs. 924.25
  4.    Rs. 974.25
 Discuss Question
Answer: Option A. -> Rs. 874.75
Question 230. A certain sum of amounts to Rs. 5832 in 2 years at 8% per annum compound interest, the sum is = ?
  1.    Rs. 5000
  2.    Rs. 5200
  3.    Rs. 5280
  4.    Rs. 5400
 Discuss Question
Answer: Option A. -> Rs. 5000

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