A person got Rs.48 more when he invested a certain sum at compound interest instead of simple interest for two years at 8% p.a. Find the sum?
A. Rs.7500
B. Rs.7000
C. Rs.8000
D. Rs.6500
The compound and the simple interests on a certain sum at the same rate of interest for two years are Rs.11730 and Rs.10200 respectively. Find the sum.
A. Rs.18000
B. Rs.17000
C. Rs.18500
D. Rs.17500
E. None of these.
What is the difference between the compound interest on Rs.12000 at 20% p.a. for one year when compounded yearly and half yearly?
A. Rs.140
B. Rs.120
C. Rs.130
D. Rs.110
E. None of these.
The simple interest on Rs.12000 at a certain rate of interest in five years is Rs.7200. Find the compound interest on the same amount for five years at the same rate of interest.
A. Rs.3502.80
B. Rs.3052.40
C. Rs.3054.8
D. Rs.3052.80
E. None of these
Rayan invested certain amount for two rates of simple interests at 6% p.a. and 7% p.a. What is the ratio of Rayan’s investments if the interests from those investments are equal?
A. 4 : 3
B. 3 : 2
C. 6 : 5
D. 7 : 6
E. None of these
Afnan wants to borrow Rs.6000 at rate of interest 6% p.a. at S.I and lend the same amount at C.I at same rate of interest for two years. What would be his income in the above transaction?
A. Rs.21.60
B. Rs.24.00
C. Rs.25.20
D. Rs.27.80
E. None of these
Shohaib invested Rs. 8000 in a scheme for 2 years at compound interest rate 5% p.a. How much amount will Shohaib get on maturity of the fixed deposit?
A. Rs. 8600
B. Rs. 8620
C. Rs. 8800
D. Rs. 8840
E. None of these
What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12% p.a.?
A. Rs. 9000.30
B. Rs. 9720
C. Rs. 10123.20
D. Rs. 10483.20
A man saves Rs. 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years?
A. Rs. 565.25
B. Rs. 635
C. Rs. 662.02
D. Rs. 666.50
Hafeez invested Rs. 15000 @ 10% per annum for one year. If the interest is compounded half-yearly, then the amount received by Hafeez at the end of the year will be?
A. Rs. 16,500
B. Rs. 16,525.50
C. Rs. 16,537.50
D. Rs. 18,150
Read More: All MCQs Related to Mathematics
Simple and Compound Interest MCQs are an important part of Mathematics subject classes exams and one paper test preparation.
