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