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Quantitative Aptitude > Interest

SIMPLE & COMPOUND INTEREST MCQs

Compound Interest, Simple Interest, Interest (combined)


Total Questions : 1171 | Page 31 of 118 pages
Question 301. Tushar borrowed a sum of Rs. 12000 at 15% per annum from a money - lender on 13th January, 1987 and return the amount on 8th June, 1987 to clear his debt. Then the amount paid by Tushar to the money - lender to clear his debt was = ?
  1.    Rs. 15000
  2.    Rs. 11394
  3.    Rs. 12720
  4.    Rs. 13650
 Discuss Question
Answer: Option C. -> Rs. 12720
Question 302. Vishwas borrowed a total amount of Rs. 30000, part of it on simple interest rate of 12 p.c.p.a. and remaining on simple interest rate of 10 p.c.p.a. If at the end of 2 year she paid in all Rs. 36480 to settle the loan amount, what was the amount borrowed at 12 p.c.p.a ?
  1.    Rs. 12000
  2.    Rs. 16000
  3.    Rs. 17500
  4.    Rs. 18000
 Discuss Question
Answer: Option A. -> Rs. 12000
Question 303. I had Rs. 10000 with me. Out of this money I lent some money to A for 2 years @ 15% simple interest. I lent the remaining money to B for an equal number of years @18% simple interest. After 2 years, I found that A had given me Rs. 360 more as interest as compared to B. The amount of money which I had lent to B must have been.
  1.    Rs. 2000
  2.    Rs. 3000
  3.    Rs. 4000
  4.    Rs. 5000
 Discuss Question
Answer: Option C. -> Rs. 4000
Question 304. A sum of Rs. 18750 is left by a will by a father to be divided between the two sons, 12 and 14 years of age, so that when they attain maturity at 18, the amount (principal + interest) received by each at 5 percent simple interest will be the same. Find the sum alloted at present to each son.
  1.    Rs. 9500, Rs. 9250
  2.    Rs. 8000, Rs. 1750
  3.    Rs. 9000, Rs. 9750
  4.    None of these
 Discuss Question
Answer: Option C. -> Rs. 9000, Rs. 9750
Question 305. A certain sum of money amount to Rs 2200 at 5% interest Rs 2320 at 8% interest in the same period of time. The period of time is = ?
  1.    2 years
  2.    4 years
  3.    5 years
  4.    3 years
 Discuss Question
Answer: Option A. -> 2 years
Question 306. 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 307. A sum of money at compound interest amounts to thrice of itself in 3 years. In how many years it will be 9 times of itself?
  1.    9 years
  2.    27 years
  3.    6 years
  4.    3 years
 Discuss Question
Answer: Option C. -> 6 years
Question 308. 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
Question 309. A sum of money put at compound interest amounts in 2 years to Rs. 672 and in 3 years Rs. 714. The rate of interest per annum is = ?
  1.    5.5%
  2.    6.0%
  3.    6.25%
  4.    6.75%
 Discuss Question
Answer: Option C. -> 6.25%
Question 310. A father left a will of Rs. 16400 for his two sons aged 17 and 18 years. They must get equal amount when they are 20 years, at 5% compound interest. Find the present share of the younger son = ?
  1.    Rs. 8000
  2.    Rs. 8200
  3.    Rs. 8400
  4.    Rs. 8800
 Discuss Question
Answer: Option A. -> Rs. 8000

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