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Quantitative Aptitude > Interest

SIMPLE & COMPOUND INTEREST MCQs

Compound Interest, Simple Interest, Interest (combined)


Total Questions : 1171 | Page 24 of 118 pages
Question 231. At a certain rate per annum, the simple interest on a sum of money for one year is Rs. 260 and the compound interest on the same sum for two years is Rs. 540.80. The rate of interest per annum is = ?
  1.    4%
  2.    6%
  3.    8%
  4.    10%
 Discuss Question
Answer: Option C. -> 8%
Question 232. A man invests Rs. 5000 for 3 years at 5% p.a. compound interest reckoned yearly. Income tax at the rate of 20% on the interest earned is deducted at the end of each year. Find the amount at the end of the third year = ?
  1.    Rs. 5624.32
  2.    Rs. 5627.20
  3.    Rs. 5630.50
  4.    Rs. 5788.125
 Discuss Question
Answer: Option A. -> Rs. 5624.32
Question 233. The compound interest on Rs. 6000 at 10% per annum for $${\text{1}}\frac{1}{2}$$ years, when the interest being compounded annually, is = ?
  1.    Rs. 910
  2.    Rs. 870
  3.    Rs. 930
  4.    Rs. 900
 Discuss Question
Answer: Option C. -> Rs. 930
Question 234. The simple interest on a sum of money at 4% per annum for 2 years is Rs 80. The compound interest on the same sum for the same period is = ?
  1.    Rs. 82.60
  2.    Rs. 82.20
  3.    Rs. 81.80
  4.    Rs. 81.60
 Discuss Question
Answer: Option D. -> Rs. 81.60
Question 235. The compound interest on Rs. 30000 at 7% per annum is Rs. 4347. The period (in years) is = ?
  1.    2 years
  2.    $${\text{2}}\frac{1}{2}$$ years
  3.    3 years
  4.    4 years
 Discuss Question
Answer: Option A. -> 2 years
Question 236. Rs.2000 amounts to Rs. 2226.05 in 2 years at compound interest. What will be the rate of interest ?
  1.    5%
  2.    5.25%
  3.    5.5%
  4.    6%
 Discuss Question
Answer: Option C. -> 5.5%
Question 237. The compound interest on a certain sum of money at 5% per annum for 2 years is Rs 246. The simple interest on the same sum for 3 years at 6% per annum is = ?
  1.    Rs. 435
  2.    Rs. 450
  3.    Rs. 430
  4.    Rs. 432
 Discuss Question
Answer: Option D. -> Rs. 432
Question 238. The difference between compound and simple interest on a certain sum for 3 years at 5% per annum is Rs. 122. The sum is = ?
  1.    Rs. 16000
  2.    Rs. 15000
  3.    Rs. 12000
  4.    Rs. 10000
 Discuss Question
Answer: Option A. -> Rs. 16000
Question 239. A certain some of money and Rs. 2420 in 2 years and Rs. 2662 in 3 years at same rate of compound interest, compounded annually. The rate of interest per annum is = ?
  1.    6%
  2.    8%
  3.    9%
  4.    10%
 Discuss Question
Answer: Option D. -> 10%
Question 240. Kamal took Rs. 6800 as a loan which along with interest is to be repaid in two equal annual installment. If the rate of interest is $$12\frac{1}{2}$$ % compounded annually, then the value of each installment is = ?
  1.    Rs. 8100
  2.    Rs. 4150
  3.    Rs. 4050
  4.    Rs. 4000
 Discuss Question
Answer: Option C. -> Rs. 4050

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