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Quantitative Aptitude > Interest

SIMPLE & COMPOUND INTEREST MCQs

Compound Interest, Simple Interest, Interest (combined)


Total Questions : 1171 | Page 26 of 118 pages
Question 251. The compound interest accrued on an amount of Rs. 25500 at the end of 3 years is Rs. 8440.50. What would be the simple interest accrued on the same amount at the same rate in the same period ?
  1.    Rs. 4650
  2.    Rs. 5650
  3.    Rs. 6650
  4.    Rs. 7650
  5.    None of these
 Discuss Question
Answer: Option D. -> Rs. 7650
Question 252. On a certain sum of money, the difference between the compound interest for a year payable half yearly, and the simple interest for a year is Rs. 180. If the rate of interest in both the cases is 10%, then the sum is = ?
  1.    Rs. 60000
  2.    Rs. 72000
  3.    Rs. 62000
  4.    Rs. 54000
 Discuss Question
Answer: Option B. -> Rs. 72000
Question 253. The difference between the amount of compound interest and simple interest accrued on an amount of Rs. 26000 at the end of 3 years is Rs. 2994.134. What is the rate of interest p.c.p.a ?
  1.    17%
  2.    19%
  3.    22%
  4.    Cannot be determined
  5.    None of these
 Discuss Question
Answer: Option B. -> 19%
Question 254. A sum of money becomes eight times in 3 years, If the rate is compounded annually. In how much time will the same amount at the same compound rate become sixteen times ?
  1.    6 years
  2.    4 years
  3.    8 years
  4.    5 years
 Discuss Question
Answer: Option B. -> 4 years
Question 255. A sum of money placed at compound interest double itself in 4 years. In how many years will it amount to four times itself ?
  1.    12 years
  2.    13 years
  3.    8 years
  4.    16 years
 Discuss Question
Answer: Option C. -> 8 years
Question 256. A money lender borrows money at 4% per annum and pays the interest at the end of the year. He lends it at 6% per annum compound interest compounded half yearly and receives the interest at the end of the year. In this way, he gains Rs. 104.50, a year. The amount of money be borrows, is ?
  1.    Rs. 4500
  2.    Rs. 5000
  3.    Rs. 5500
  4.    Rs. 6000
 Discuss Question
Answer: Option B. -> Rs. 5000
Question 257. The compound interest on Rs. 30000 at 7% per annum for a certain time is Rs. 4347. The times is = ?
  1.    3 years
  2.    4 years
  3.    2 years
  4.    2.5 years
 Discuss Question
Answer: Option C. -> 2 years
Question 258. 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 259. A sum of Rs. 8000 will amount to Rs. 8820 in 2 years if the interest is calculated every year. The rate of compound interest is = ?
  1.    6%
  2.    7%
  3.    3%
  4.    5%
 Discuss Question
Answer: Option D. -> 5%
Question 260. The compound interest on a certain some of money for 2 years at 10% per annum is Rs 420. The simple interest on the same sum at the same rate and for the same time will be ?
  1.    Rs. 350
  2.    Rs. 375
  3.    Rs. 380
  4.    Rs. 400
 Discuss Question
Answer: Option D. -> Rs. 400

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