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Quantitative Aptitude > Interest

SIMPLE & COMPOUND INTEREST MCQs

Compound Interest, Simple Interest, Interest (combined)


Total Questions : 1171 | Page 28 of 118 pages
Question 271. A sum becomes Rs. 2916 in 2 years at 8% per annum compound interest. The simple interest at 9% per annum for 3 years on the same amount will be = ?
  1.    Rs. 600
  2.    Rs. 675
  3.    Rs. 650
  4.    Rs. 625
 Discuss Question
Answer: Option B. -> Rs. 675
Question 272. A sum of money is compound interest became doubles itself in 15 years. It will become eight times of itself in = ?
  1.    45 years
  2.    48 years
  3.    54 years
  4.    60 years
 Discuss Question
Answer: Option A. -> 45 years
Question 273. A finance company declares that, at a certain compound interest rate, a sum of money deposited by anyone will become 8 times in 3 years. If the same amount is deposited at the same compound rate of interest, then in how many years will it become 16 times ?
  1.    4 years
  2.    5 years
  3.    6 years
  4.    7 years
 Discuss Question
Answer: Option A. -> 4 years
Question 274. What does Rs. 250 amounts to in 2 years with compound interest at the rate of 4% in the 1st year and 8% in the second year ?
  1.    Rs. 280
  2.    Rs. 280.80
  3.    Rs. 468
  4.    Rs. 290.80
 Discuss Question
Answer: Option B. -> Rs. 280.80
Question 275. The compound interest on a certain sum of money for 2 years at 5% per annum is Rs 410. The simple interest on the same sum at the same rate and for the same time is = ?
  1.    Rs. 400
  2.    Rs. 300
  3.    Rs. 350
  4.    Rs. 405
 Discuss Question
Answer: Option A. -> Rs. 400
Question 276. Under the Rural Housing Scheme, the Delhi Development Authority (DDA) allotted a house to Kamal Raj for Rs. 126100. This payment is to be made in three equal annual instalments. If the money is reckoned at 5% per annum compound interest, then how much is to be paid by Kamal Raj in each instalment ?
  1.    Rs. 45205
  2.    Rs. 46305
  3.    Rs. 47405
  4.    Rs. 48505
 Discuss Question
Answer: Option B. -> Rs. 46305
Question 277. The compound interest on a certain sum of money for 2 years at 5% is Rs. 328, then the sum is = ?
  1.    Rs. 3000
  2.    Rs. 3600
  3.    Rs. 3200
  4.    Rs. 3400
 Discuss Question
Answer: Option C. -> Rs. 3200
Question 278. A sum of money lent out at compound interest increases in value by 50% in 5 years. A person wants to lend three different sums x, y and z for 10, 15 and 20 years respectively at the above rate in such a way that he gets back equal sums at the end of their respective periods. The ratio x : y : z is = ?
  1.    6 : 9 : 4
  2.    9 : 4 : 6
  3.    9 : 6 : 4
  4.    6 : 4 : 9
 Discuss Question
Answer: Option C. -> 9 : 6 : 4
Question 279. A sum of Rs 210 was taken as a loan. This is to be paid back in two equal installments. If the rate of interest be 10% compounded annually, then the value of each installment is = ?
  1.    Rs. 127
  2.    Rs. 121
  3.    Rs. 210
  4.    Rs. 225
 Discuss Question
Answer: Option B. -> Rs. 121
Question 280. A certain sum will amount to Rs 12100 in 2 years at 10% per annum of compound interest, interest being compounded annually. The sum is = ?
  1.    Rs. 12000
  2.    Rs. 6000
  3.    Rs. 8000
  4.    Rs. 10000
 Discuss Question
Answer: Option D. -> Rs. 10000

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