Quantitative Aptitude > Interest
SIMPLE & COMPOUND INTEREST MCQs
Compound Interest, Simple Interest, Interest (combined)
Total Questions : 1171
| Page 8 of 118 pages
Answer: Option D. -> 6250
 - S.I. on Rs. 500 for 1 year = 540 - 500 = Rs. 40 Rate = 100 x 40 = 8% 500 x 1 and Sum = Rs. 100 x 500 8 x 1 = Rs. 6250
 - S.I. on Rs. 500 for 1 year = 540 - 500 = Rs. 40 Rate = 100 x 40 = 8% 500 x 1 and Sum = Rs. 100 x 500 8 x 1 = Rs. 6250
Question 72.
Vivek borrowed a certain sum from Anil at a certain rate of simple interest for 2 years. He lent this sum to Ram at the same rate of interest compounded annually for the same period. At the end of two years, he received Rs. 4200 as compound interest but paid Rs. 4000 only as simple interest. Find the rate of interest.
Answer: Option A. -> 10%
 - Suppose the sum borrowed = Rs x Rate of interest = R% Time = 2 years
 - Suppose the sum borrowed = Rs x Rate of interest = R% Time = 2 years
Answer: Option D. -> 36
 - If a sum becomes x times in y years at CI then it will be (x)n times in ny years.
 - If a sum becomes x times in y years at CI then it will be (x)n times in ny years.
Answer: Option D. -> 18
 - Difference in C.I. ans S.I. for 2 years = Rs. (696.30 - 660) = Rs. 36.30 S.I. for one year = Rs. 330. S.I. on Rs. 330 for 1 year = Rs. 36.30 Rate = 100 x 36.30 330 x 1
 - Difference in C.I. ans S.I. for 2 years = Rs. (696.30 - 660) = Rs. 36.30 S.I. for one year = Rs. 330. S.I. on Rs. 330 for 1 year = Rs. 36.30 Rate = 100 x 36.30 330 x 1
Answer: Option A. -> 7
 - C.I.- S.I.= R x S.I. = 7 x200 200 200 [Here, R = 7 and S.I. = 200] Rs. 7
 - C.I.- S.I.= R x S.I. = 7 x200 200 200 [Here, R = 7 and S.I. = 200] Rs. 7
Answer: Option B. -> 1250
 - Let the sum be P. Then, 1352 = P ( 1+ 4 ) 2 100 1352 = P x 26 x 26 25 25 P = 1352 x 25 x 25 = 1250 26 x 26 Principal = Rs. 1250
 - Let the sum be P. Then, 1352 = P ( 1+ 4 ) 2 100 1352 = P x 26 x 26 25 25 P = 1352 x 25 x 25 = 1250 26 x 26 Principal = Rs. 1250
Answer: Option B. -> Rs 121
 - Amount = Rs. [ 1600 x ( 1 + 5 ) 2 + 1600 x ( 1 + 5 ) ] 2 x 100 2 x 100 = Rs. [ 1600 x 41 x 41 + 1600 x 41 ] 40 40 40 = Rs.
[ 1600 x
41
(
41 + 1
)
] 40 40 = Rs.
[
1600 x 41 x 81
] 40 x 40
= Rs. 3321.
C.I. = Rs. ( 3321 - 3200 ) = Rs. 121
 - Amount = Rs. [ 1600 x ( 1 + 5 ) 2 + 1600 x ( 1 + 5 ) ] 2 x 100 2 x 100 = Rs. [ 1600 x 41 x 41 + 1600 x 41 ] 40 40 40 = Rs.
[ 1600 x
41
(
41 + 1
)
] 40 40 = Rs.
[
1600 x 41 x 81
] 40 x 40
= Rs. 3321.
C.I. = Rs. ( 3321 - 3200 ) = Rs. 121
Answer: Option A. -> 625
 - Let the sum be Rs. x. Then,
C.I. = [ x ( 1 + 4 ) 2 - x ] = ( 676 x - x ) = 51 x. 100 625 625
 - Let the sum be Rs. x. Then,
C.I. = [ x ( 1 + 4 ) 2 - x ] = ( 676 x - x ) = 51 x. 100 625 625
Answer: Option C. -> Rs. 3972
 - Let P = Rs. 100. Then, S.I. Rs. 60 and T = 6 years.
R = 100 x 60 = 10% p.a. 100 x 6 Now, P = Rs. 12000. T = 3 years and R = 10% p.a.
C.I. = Rs. [ 12000 x { ( 1 + 10 ) 3 - 1 } ] 100 = Rs. 12000 x
331 1000
= 3972.
 - Let P = Rs. 100. Then, S.I. Rs. 60 and T = 6 years.
R = 100 x 60 = 10% p.a. 100 x 6 Now, P = Rs. 12000. T = 3 years and R = 10% p.a.
C.I. = Rs. [ 12000 x { ( 1 + 10 ) 3 - 1 } ] 100 = Rs. 12000 x
331 1000
= 3972.
Answer: Option A. -> 2
 - Amount = Rs. (30000 + 4347) = Rs. 34347.
Let the time be n years.
Then, 30000 ( 1 + 7 ) n = 34347 100
( 107 ) n = 34347 = 11449 = ( 107 ) 2 100 30000 10000 100
n = 2 years.
 - Amount = Rs. (30000 + 4347) = Rs. 34347.
Let the time be n years.
Then, 30000 ( 1 + 7 ) n = 34347 100
( 107 ) n = 34347 = 11449 = ( 107 ) 2 100 30000 10000 100
n = 2 years.