Important Simple and Compound Interest MCQs with Answers for Mathematics subject classes exams and one paper test preparation.
Simple and Compound Interest MCQs
Find the compound interest and the amount on Rs.8000 at 5% per annum for 3 years when C.I is reckoned yearly?
A. Rs.1261
B. Rs.1440
C. Rs.1185
D. Rs.1346
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
Find out the C.I on Rs.5000 at 4% p.a. compound half-yearly for 1 1/2 years.
A. Rs.420.20
B. Rs.319.06
C. Rs.306.04
D. Rs.294.75
Rs.8000 become Rs.9261 in a certain interval of time at the rate of 5% per annum of C.I. Find the time?
A. 4 years
B. 6 years
C. 2 years
D. 3 years
At the end of three years what will be the compound interest at the rate of 10% p.a. on an amount of Rs.20000?
A. Rs.6620
B. Rs.6500
C. Rs.6800
D. Rs.6400
Find the C.I. on a sum of Rs.1600 for 9 months at 20% per annum, interest being compounded quarterly?
A. Rs.17684
B. Rs.1684
C. Rs.2522
D. Rs.3408
Simple interest on a sum at 4% per annum for 2 years is Rs.80. The C.I. on the same sum for the same period is _____?
A. Rs.81.60
B. Rs.160
C. Rs.1081.60
D. Rs.99
The C.I. on a certain sum for 2 years Rs.41 and the simple interest is Rs.40. What is the rate percent?
A. 4%
B. 5%
C. 6%
D. 8%
The sum of money at compound interest amounts to thrice itself in 3 years. In how many years will it be 9 times itself?
A. 18
B. 12
C. 9
D. 6
A sum of money place at compound interest doubles itself in 4 years. In how many years will it amount to eight times itself?
A. 16
B. 8
C. 12
D. 20
