Simple and Compound Interest MCQs

What is the difference between the C.I. on Rs. 5000 for 1 1/2 years at 4% per annum compounded yearly and half-yearly?

A. Rs. 2.04
B. Rs. 3.06
C. Rs. 4.80
D. Rs. 8.30

Find the Compound Interest on Rs. 15,625 for 9 months at 16% per annum compounded quarterly?

A. Rs. 1851
B. Rs. 1941
C. Rs. 1951
D. Rs. 1961

If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same sum at the rate and for the same time?

A. Rs. 51.25
B. Rs. 52
C. Rs. 54.25
D. Rs. 60

What will be the difference between simple and compound interest at 10% per annum on a sum of Rs. 1000 after 4 years?

A. Rs. 31
B. Rs. 32.10
C. Rs. 40.40
D. Rs. 64.10

The difference between simple and compound interest on Rs. 1200 for one year at 10% per annum reckoned half-yearly is _____?

A. Rs. 2.50
B. Rs. 3
C. Rs. 3.75
D. Rs. 4

The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period(in years) is _____?

A. 2
B. 2 1/2
C. 3
D. 4

The principal that amounts to Rs. 4913 in 3 years at 6 1/4 % per annum C.I. compounded annually, is _____??

A. Rs. 3096
B. Rs. 4076
C. Rs. 4085
D. Rs. 4096

If the C.I. on a sum for 2 years at 12 1/2 % per annum is Rs. 510, the S.I. on the same sum at the same rate for the same period of time is _____?

A. Rs. 400
B. Rs. 450
C. Rs. 460
D. Rs. 480

The C.I. on a certain sum for 2 years at 10% per annum is Rs. 525. The S.I. on the same sum for double the time at half the rate percent per annum is ______?

A. Rs. 400
B. Rs. 500
C. Rs. 600
D. Rs. 800

The S.I. on a certain sum of money for 3 years at 8% per annum is half the C.I. on Rs. 4000 for 2 years at 10% per annum. The sum placed on S.I. is ______?

A. Rs. 1550
B. Rs. 1650
C. Rs. 1750
D. Rs. 2000

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