Compound Interest Mcqs - Set 4

1)   A sum of money becomes Rs.6690 after three years and Rs.10.035 after six years on compound interest. The sum is________?

a. Rs.4400
b. Rs.4445
c. Rs.4460
d. Rs.4520
Answer  Explanation 

ANSWER: Rs.4460

Explanation:
No explanation is available for this question!


2)   A sum amounts to Rs. 2916 in 2 years and to Rs.3149.28 in 3 years at compound Interest. The sum is_________?

a. Rs.1500
b. Rs.2000
c. Rs.2500
d. Rs.3000
Answer  Explanation 

ANSWER: Rs.2500

Explanation:
No explanation is available for this question!


3)   A sum of money amounts to Rs. 10648 in 3years and Rs. 9680 in 2 years. The rate of interest is_________?

a. 5 %
b. 10 %
c. 15 %
d. 20 %
Answer  Explanation 

ANSWER: 10 %

Explanation:
No explanation is available for this question!


4)   The difference between simple interest and compound interest at the same rate for Rs.5000 for 2 years is Rs. 72. The rate of interest is?

a. 10 %
b. 12 %
c. 6 %
d. 8 %
Answer  Explanation 

ANSWER: 12 %

Explanation:
No explanation is available for this question!


5)   The compound interest on a certain sum 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_______?

a. Rs.350
b. Rs.375
c. Rs. 380
d. Rs. 400
Answer  Explanation 

ANSWER: Rs. 400

Explanation:
No explanation is available for this question!


6)   The difference between the compound interest and the simple interest on a certain sum at 5 % per annum for 2 years is Rs. 1.50. The sum is_______?

a. Rs.600
b. Rs.500
c. Rs.400
d. Rs.300
Answer  Explanation 

ANSWER: Rs.600

Explanation:
No explanation is available for this question!


7)   What is the principle amount which earns Rs.132 as compound interest for the second year at 10 % per annum?

a. Rs. 1000
b. Rs. 1200
c. Rs. 1320
d. None of these
Answer  Explanation 

ANSWER: Rs. 1200

Explanation:
No explanation is available for this question!


8)   Rs. 800 at 5 % Per annum compound interest will amount to Rs. 882 in________?

a. 1 Year
b. 2 years
c. 3 Years
d. 4 Years
Answer  Explanation 

ANSWER: 2 years

Explanation:
No explanation is available for this question!


9)   Simple Interest on a sum at 4% per annum for 2 years is 80. The compound interest on the same sum for the same period is_________?

a. Rs. 81.60
b. Rs. 160
c. Rs. 1081.60
d. None of these
Answer  Explanation 

ANSWER: Rs. 81.60

Explanation:
No explanation is available for this question!


10)   If Rs. 7500 are borrowed at C. I at the rate of 4 % per annum then after 2 years, the amount to be paid is_______?

a. Rs. 8082
b. Rs. 7800
c. Rs. 8100
d. Rs. 8112
Answer  Explanation 

ANSWER: Rs. 8112

Explanation:
No explanation is available for this question!


11)   The difference between C.I. and S.I. on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?

a. 8
b. 10
c. 12
d. Cannot be determined
Answer  Explanation 

ANSWER: 8

Explanation:
No explanation is available for this question!


12)   A sum of money is borrowed and paid back in two annual installments of Rs. 882 each allowing 5% C.I. The sum borrowed was?

a. Rs. 1620
b. Rs. 1640
c. Rs. 1680
d. Rs. 1700
Answer  Explanation 

ANSWER: Rs. 1640

Explanation:
No explanation is available for this question!


13)   What annual payment will discharge a debt of Rs. 1025 due in 2 years at the rate of 5% compound interest?

a. Rs. 550
b. Rs. 551.25
c. Rs. 560
d. Rs. 560.75
Answer  Explanation 

ANSWER: Rs. 551.25

Explanation:
No explanation is available for this question!


14)   The least number of complete years in which a sum of money put out at 20% C.I. will be more than doubled is_________?

a. 3
b. 4
c. 5
d. 6
Answer  Explanation 

ANSWER: 4

Explanation:
No explanation is available for this question!


15)   A sum of money placed at C.I. interest doubles itself in 5 years. It will amount to eight times itself at the same rate of interest in?

a. 7 years
b. 10 years
c. 15 years
d. 20 years
Answer  Explanation 

ANSWER: 15 years

Explanation:
No explanation is available for this question!


16)   A sum of money invested at C.I. amounts to Rs. 800 in 3 years to Rs. 840 in 4 years. The rate of interest per annum is______?

a. 2 1/2 %
b. 4%
c. 5%
d. 6 2/3 %
Answer  Explanation 

ANSWER: 5%

Explanation:
No explanation is available for this question!


17)   The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is________?

a. 6.06%
b. 6.07%
c. 6.08%
d. 6.09%
Answer  Explanation 

ANSWER: 6.09%

Explanation:
No explanation is available for this question!


18)   On a sum of money, the S.I. for 2 years is Rs. 660, while the C.I. is Rs. 696.30, the rate of interest being the same in both the cases. The rate of interest is________?

a. 10%
b. 10.5%
c. 12%
d. None of these
Answer  Explanation 

ANSWER: None of these

Explanation:
No explanation is available for this question!


19)   The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs. ) is_________?

a. 625
b. 630
c. 640
d. 650
Answer  Explanation 

ANSWER: 625

Explanation:
No explanation is available for this question!


20)   There is 60% increase in an amount in 6 years at S.I. What will be the C.I. of Rs. 12,000 after 3 years at the same rate?

a. Rs. 2160
b. Rs. 3120
c. Rs. 3972
d. Rs. 6240
Answer  Explanation 

ANSWER: Rs. 3972

Explanation:
No explanation is available for this question!