1502 + Mcqs in Simple Interest Page 11 McqOptions

501.	A certain sum becomes ₹ 650 at the end of one year and ₹ 676 at the end of second year. The compound interest sum is:
A.	560
B.	625
C.	600
D.	540
Answer» C. 600

Discussion

502.	In how much time (in years) will Rs. 10000 amount to Rs. 16000 at simple interest at the rate of 6% per annum?
A.	2
B.	6
C.	4
D.	10
Answer» E.

Discussion

503.	At what rate percent per annum will a sum of money double in 25 years?
A.	3%
B.	6%
C.	4%
D.	5%
Answer» D. 5%

Discussion

504.	A sum of money invested for 4 years and 9 months at a rate of 8% simple interest per annum became Rs. 1,035 at the end of the period. What was the sum that was initially invested?
A.	Rs. 700
B.	Rs. 675
C.	Rs. 725
D.	Rs. 750
Answer» E.

Discussion

505.	How long will a sum of money take to double, if it is invested at 9.09% p.a. simple interest?
A.	12 years
B.	14 years
C.	11 years
D.	13 years
Answer» D. 13 years

Discussion

506.	A sum of Rs. 8000 is borrowed at a compound interest at the rate of 7% per annum. What will be the amount (in Rs.) after 2 years?
A.	1154.4
B.	13600
C.	9159.2
D.	9428.6
Answer» D. 9428.6

Discussion

507.	In how many years will Rs.5000 grow to Rs. 10000 at 12.5% simple interest?
A.	8 years
B.	12 years
C.	20 years
D.	9 years
Answer» B. 12 years

Discussion

508.	A sum of Rs.8,400 becomes Rs.10,164 in 2 years at a certain rate percentage p.a., interest compounded yearly. What will be the simple interest on the same sum for \(4\frac{3}{5}\) years at the same rate?
A.	Rs.3,864
B.	Rs.4,454
C.	Rs.4,032
D.	Rs.4,368
Answer» B. Rs.4,454

Discussion

509.	A sum of Rs. 4000 is lent out in two parts, one at 8% simple interest and the other at 10% simple interest. If the annual interest is Rs. 352. The sum lent at 8% is
A.	Rs. 2900
B.	Rs. 2200
C.	Rs. 2400
D.	Rs. 3100
Answer» D. Rs. 3100

Discussion

510.	An amount becomes 9 times in 32 years when kept in a scheme of simple interest. In how many years will it become 19 times on same rate of interest?
A.	72
B.	64
C.	78
D.	84
Answer» B. 64

Discussion

511.	A sum of Rs. 12,800 is invested partly at 15% per annum and the remaining at 12% per annum simple interest. If the total interest at end of 3 years is Rs. 5,085, then how much money was invested at 15% per annum?
A.	Rs. 5,300
B.	Rs. 7,500
C.	Rs. 5,800
D.	Rs. 5,200
Answer» B. Rs. 7,500

Discussion

512.	A certain sum amounts to Rs. 4,205.55 at 15% p.a in \(2\frac{2}{5}\) years, interest compounded yearly. The sum is:
A.	Rs. 3,500
B.	Rs. 3,200
C.	Rs. 2,700
D.	Rs. 3,000
Answer» E.

Discussion

513.	If a certain sum becomes 4 times in 4 years at compound interest, then in how many years, it will become 64 times?
A.	5
B.	12
C.	16
D.	24
Answer» C. 16

Discussion

514.	Raman borrows Rs. 12,000 for 3 years at 10.5% per annum simple interest; while Rahul borrows the same amount for the same period at 10% compounded annually. Who pays more and by how much ?
A.	Raman, Rs. 132
B.	Raman, Rs.145
C.	Raman, Rs.158
D.	Rahul, Rs.192
Answer» E.

Discussion

515.	An amount receives a simple interest of 80% in 10 years. What will be the compound interest on the same amount of Rs 10000 after 2 years?
A.	Rs 2,100
B.	Rs 1,664
C.	Rs 2,016
D.	Rs 3,328
Answer» C. Rs 2,016

Discussion

516.	At what rate of simple interest per annum will a sum triple itself in 8 years?
A.	12.5%
B.	33.3%
C.	10%
D.	25%
Answer» E.

Discussion

517.	How much time will it take for an amount of ₹ 360 to yield ₹ 72 as interest at 5% p.a. of simple interest?
A.	3 years
B.	4 years
C.	2.5 years
D.	3.5 years
Answer» C. 2.5 years

Discussion

518.	A sum of money at Simple Interest amounts to Rs.2800 in 2 years and Rs.3250 in 5 years. Find the sum and the rate of interest.
A.	Rs.3000 and 15%
B.	Rs.2000 and 5%
C.	Rs.2500 and 6%
D.	Rs.1000 and 10%
Answer» D. Rs.1000 and 10%

Discussion

519.	If the sum of the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs. 25088, and Rs. 28098.56 respectively, what is the rate of interest?
A.	6 percent
B.	24 percent
C.	12 percent
D.	19 percent
Answer» D. 19 percent

Discussion

520.	Mr. Mike borrowed Rs. 8500 at 4% per annum compound interest. The compound interest compounded annually for 2 years is :
A.	Rs. 9139.6
B.	Rs. 639.6
C.	Rs. 9193.6
D.	Rs. 693.6
Answer» E.

Discussion

521.	On a certain sum at the rate of 10% per annum, the difference between simple interest for 2 years and the simple interest for 3 years is Rs. 54. What is the value (in Rs.) of sum?
A.	540
B.	1080
C.	720
D.	480
Answer» B. 1080

Discussion

522.	A sum of money is given at a fixed rate for 2 years at simple interest. If it is given at a higher rate of 3%, Rs. 300 more is received. The amount is
A.	Rs. 5,000
B.	Rs. 5,400
C.	Rs. 5,300
D.	Rs. 5,500
Answer» B. Rs. 5,400

Discussion

523.	Manoj deposited Rs. 29,400 for 6 years at a simple interest. He got Rs. 4,200 as interest after 6 years. The annual rate of interest was -
A.	\(2\frac{8}{{21}}\)%
B.	\(2\frac{7}{{20}}\)%
C.	\(3\frac{8}{{21}}\)%
D.	\(4\frac{8}{{21}}\)%
Answer» B. \(2\frac{7}{{20}}\)%

Discussion

524.	In how much time will the simple interest on a certain sum of money be \(\frac 6 5\) times of the sum at 20% per annum?
A.	6 years
B.	5 years
C.	7 years
D.	8 years
Answer» B. 5 years

Discussion

525.	Find the simple interest due after 120 days for Rs. 4800 at 10%?
A.	157.8
B.	157
C.	156.01
D.	124.93
Answer» B. 157

Discussion

526.	A sum was invested for 3 years at simple interest at a certain rate. Had it been invested at 4% higher rate of interest, it would have fetched Rs. 600 more. The sum is
A.	Rs. 4000
B.	Rs. 4950
C.	Rs. 5000
D.	Rs. 5150
Answer» D. Rs. 5150

Discussion

527.	In how many years will a sum of Rs.1875 amount to Rs.2187 at 8 percent p.a. compound interest?
A.	2
B.	4
C.	3
D.	1
Answer» B. 4

Discussion

528.	A sum of Rs. 8250 gives simple interest of Rs. 2475 in 5 years. What will be the rate of interest per annum?
A.	7.5%
B.	8%
C.	6%
D.	10%
Answer» D. 10%

Discussion

529.	If the compound interest on a certain sum for 2 years at the rate of 8% per annum is Rs. 832, then what will be the simple interest (in Rs) at the same rate of interest for 2 years?
A.	816
B.	800
C.	768
D.	784
Answer» C. 768

Discussion

530.	How much interest will Rs. 10,000 earn in 9 months at an annual rate of 8%
A.	Rs. 450
B.	Rs. 475
C.	Rs. 500
D.	Rs. 600
Answer» E.

Discussion

531.	An amount invested in simple interest gives Rs 4200 interest at a rate of 15% in 4 years. What is the principal (in Rs)?
A.	7000
B.	6000
C.	8000
D.	9000
E.	11000
Answer» B. 6000

Discussion

532.	A sum of Rs. 4500 is lent at compound interest. If the rate of interest is 10% per annum (interest is compounded annually), then what will be the amount after 3 years?
A.	Rs. 5989.5
B.	Rs. 5689.5
C.	Rs. 5686.5
D.	Rs. 5889.5
Answer» B. Rs. 5689.5

Discussion

533.	A and B each borrowed equal sums for 3 years at a rate of 5% simple and compounded interest compounded annually, respectively. At the time of payment, B had to pay Rs. 427 more than A. The sum borrowed and the interest paid by B (in Rs.) were:
A.	Rs. 56,000; Rs. 8,400
B.	Rs. 48,000; Rs. 7,200
C.	Rs. 48,000; Rs. 7,566
D.	Rs. 56,000; Rs. 8,827
Answer» E.

Discussion

534.	In how many years will a sum of money become sixteen times itself at 30% p.a. simple interest?
A.	25
B.	30
C.	50
D.	40
Answer» D. 40

Discussion

535.	If the present amount is Rs.87,750 with 8% rate of interest in four years, then what was the principal amount?
A.	Rs.69,345.6
B.	Rs.56,896.98
C.	Rs.66,477.2
D.	Rs.78,456.34
Answer» D. Rs.78,456.34

Discussion

536.	A sum of Rs. 5000 is invested at a scheme of compound interest. The interest rate is 20% per annum. If the interest is compounded half yearly, then what is interest (in Rs.) after 1 year?
A.	1000
B.	2200
C.	1500
D.	1050
Answer» E.

Discussion

537.	Find the difference between the simple interest and the compound interest at an annual rate of 20% on the principal of Rs. 4000 for 2 years.A. 160B. 120C. 90D. 110
A.	C
B.	D
C.	A
D.	B
Answer» D. B

Discussion

538.	If the simple interest on a certain sum for 1 year 3 months at \(8\frac{1}{2}\%\) per annum exceeds the simple interest on the same sum for 8 months at \(7\frac{1}{2}\%\) per annum by Rs. 45, then the sum is:
A.	Rs. 600
B.	Rs. 800
C.	Rs. 6,000
D.	Rs. 8,000
Answer» C. Rs. 6,000

Discussion

539.	Find the simple interest on Rs. 2000 for 2 years at the rate of 5% per annum.
A.	Rs. 200
B.	Rs. 100
C.	Rs. 500
D.	Rs. 400
Answer» B. Rs. 100

Discussion

540.	A sum invested at 10% per annum amounts to Rs. 20,947.50 at the end of one year, when the interest is compounded half-yearly. What will be the simple interest (in Rs.) on the same sum for \(4\frac{2}{5}\) years at triple the earlier rate of interest?
A.	25,080
B.	42,020
C.	26,500
D.	27,000
Answer» B. 42,020

Discussion

541.	Calculate the principal if an amount of Rs. 441 is received on compound interest at the rate of 5% per annum after 2 years.A. Rs. 400B. Rs. 390C. Rs. 380D. Rs. 350
A.	C
B.	D
C.	A
D.	B
Answer» D. B

Discussion

542.	If the difference between the simple and compound interests on a sum of money for 2 years at 5% p.a. is Rs. 125, the sum (in Rs.) is:
A.	50000
B.	5000
C.	10000
D.	1000
Answer» B. 5000

Discussion

543.	At what rate percent per annum with simple interest will a sum of money double in 12.5 years?
A.	8
B.	12.5
C.	10
D.	6
Answer» B. 12.5

Discussion

544.	At the rate of 9% per annum at simple interest a person obtained Rs. 864 as interest in four years. How much more interest could he get if the rate of interest was 13% per annum (in rupees)?
A.	656
B.	548
C.	384
D.	248
Answer» D. 248

Discussion

545.	Find the difference between compound interest and simple interest on 5000 for 2 years 8% p.a. payable annually.A. 45B. 32C. 57D. 84
A.	A
B.	C
C.	D
D.	B
Answer» E.

Discussion

546.	Rakesh invests 10,000 rupees in a fixed deposit scheme for 2 years at 5% per annum compound interest. How much amount will he receive on maturity of fixed deposit?A. Rs. 10,000B. Rs. 8500C. Rs. 11,050D. Rs. 11,025
A.	C
B.	A
C.	B
D.	D
Answer» E.

Discussion

547.	A sum becomes 8 times of itself in 7 years at the rate of compound interest (interest is compounded annually). In how many years will the sum becomes 4096 times of itself?
A.	28
B.	24
C.	56
D.	16
Answer» B. 24

Discussion

548.	A bank offers 15% compound interest per half year. A customer deposits Rs 2400 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is
A.	Rs. 597.812
B.	Rs.553.5
C.	Rs. 557.812
D.	Rs. 567.212
Answer» C. Rs. 557.812

Discussion

549.	In how many years will Rs. 4000 amount to Rs. 5324 at a rate of 10% compounded annually?
A.	5 years
B.	3 years
C.	2 years
D.	4 years
Answer» C. 2 years

Discussion

550.	A sum of Rs. 12000 is invested at a scheme of compound interest. The interest rate is 10%. If the interest is compounded half yearly, then what will be the interest (in Rs.) after 1 year?
A.	1230
B.	1000
C.	1200
D.	1375
Answer» B. 1000

Discussion

Explore topic-wise MCQs in General Aptitude.

A certain sum becomes ₹ 650 at the end of one year and ₹ 676 at the end of second year. The compound interest sum is:

In how much time (in years) will Rs. 10000 amount to Rs. 16000 at simple interest at the rate of 6% per annum?

At what rate percent per annum will a sum of money double in 25 years?

A sum of money invested for 4 years and 9 months at a rate of 8% simple interest per annum became Rs. 1,035 at the end of the period. What was the sum that was initially invested?

How long will a sum of money take to double, if it is invested at 9.09% p.a. simple interest?

A sum of Rs. 8000 is borrowed at a compound interest at the rate of 7% per annum. What will be the amount (in Rs.) after 2 years?

In how many years will Rs.5000 grow to Rs. 10000 at 12.5% simple interest?

A sum of Rs.8,400 becomes Rs.10,164 in 2 years at a certain rate percentage p.a., interest compounded yearly. What will be the simple interest on the same sum for \(4\frac{3}{5}\) years at the same rate?

A sum of Rs. 4000 is lent out in two parts, one at 8% simple interest and the other at 10% simple interest. If the annual interest is Rs. 352. The sum lent at 8% is

An amount becomes 9 times in 32 years when kept in a scheme of simple interest. In how many years will it become 19 times on same rate of interest?

A sum of Rs. 12,800 is invested partly at 15% per annum and the remaining at 12% per annum simple interest. If the total interest at end of 3 years is Rs. 5,085, then how much money was invested at 15% per annum?

A certain sum amounts to Rs. 4,205.55 at 15% p.a in \(2\frac{2}{5}\) years, interest compounded yearly. The sum is:

If a certain sum becomes 4 times in 4 years at compound interest, then in how many years, it will become 64 times?

Raman borrows Rs. 12,000 for 3 years at 10.5% per annum simple interest; while Rahul borrows the same amount for the same period at 10% compounded annually. Who pays more and by how much ?

An amount receives a simple interest of 80% in 10 years. What will be the compound interest on the same amount of Rs 10000 after 2 years?

At what rate of simple interest per annum will a sum triple itself in 8 years?

How much time will it take for an amount of ₹ 360 to yield ₹ 72 as interest at 5% p.a. of simple interest?

A sum of money at Simple Interest amounts to Rs.2800 in 2 years and Rs.3250 in 5 years. Find the sum and the rate of interest.

If the sum of the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs. 25088, and Rs. 28098.56 respectively, what is the rate of interest?

Mr. Mike borrowed Rs. 8500 at 4% per annum compound interest. The compound interest compounded annually for 2 years is :

On a certain sum at the rate of 10% per annum, the difference between simple interest for 2 years and the simple interest for 3 years is Rs. 54. What is the value (in Rs.) of sum?

A sum of money is given at a fixed rate for 2 years at simple interest. If it is given at a higher rate of 3%, Rs. 300 more is received. The amount is

Manoj deposited Rs. 29,400 for 6 years at a simple interest. He got Rs. 4,200 as interest after 6 years. The annual rate of interest was -

In how much time will the simple interest on a certain sum of money be \(\frac 6 5\) times of the sum at 20% per annum?

Find the simple interest due after 120 days for Rs. 4800 at 10%?

A sum was invested for 3 years at simple interest at a certain rate. Had it been invested at 4% higher rate of interest, it would have fetched Rs. 600 more. The sum is

In how many years will a sum of Rs.1875 amount to Rs.2187 at 8 percent p.a. compound interest?

A sum of Rs. 8250 gives simple interest of Rs. 2475 in 5 years. What will be the rate of interest per annum?

If the compound interest on a certain sum for 2 years at the rate of 8% per annum is Rs. 832, then what will be the simple interest (in Rs) at the same rate of interest for 2 years?

How much interest will Rs. 10,000 earn in 9 months at an annual rate of 8%

An amount invested in simple interest gives Rs 4200 interest at a rate of 15% in 4 years. What is the principal (in Rs)?

A sum of Rs. 4500 is lent at compound interest. If the rate of interest is 10% per annum (interest is compounded annually), then what will be the amount after 3 years?

A and B each borrowed equal sums for 3 years at a rate of 5% simple and compounded interest compounded annually, respectively. At the time of payment, B had to pay Rs. 427 more than A. The sum borrowed and the interest paid by B (in Rs.) were:

In how many years will a sum of money become sixteen times itself at 30% p.a. simple interest?

If the present amount is Rs.87,750 with 8% rate of interest in four years, then what was the principal amount?

A sum of Rs. 5000 is invested at a scheme of compound interest. The interest rate is 20% per annum. If the interest is compounded half yearly, then what is interest (in Rs.) after 1 year?

Find the difference between the simple interest and the compound interest at an annual rate of 20% on the principal of Rs. 4000 for 2 years.A. 160B. 120C. 90D. 110

If the simple interest on a certain sum for 1 year 3 months at \(8\frac{1}{2}\%\) per annum exceeds the simple interest on the same sum for 8 months at \(7\frac{1}{2}\%\) per annum by Rs. 45, then the sum is:

Find the simple interest on Rs. 2000 for 2 years at the rate of 5% per annum.

A sum invested at 10% per annum amounts to Rs. 20,947.50 at the end of one year, when the interest is compounded half-yearly. What will be the simple interest (in Rs.) on the same sum for \(4\frac{2}{5}\) years at triple the earlier rate of interest?

Calculate the principal if an amount of Rs. 441 is received on compound interest at the rate of 5% per annum after 2 years.A. Rs. 400B. Rs. 390C. Rs. 380D. Rs. 350

If the difference between the simple and compound interests on a sum of money for 2 years at 5% p.a. is Rs. 125, the sum (in Rs.) is:

At what rate percent per annum with simple interest will a sum of money double in 12.5 years?

At the rate of 9% per annum at simple interest a person obtained Rs. 864 as interest in four years. How much more interest could he get if the rate of interest was 13% per annum (in rupees)?

Find the difference between compound interest and simple interest on 5000 for 2 years 8% p.a. payable annually.A. 45B. 32C. 57D. 84

Rakesh invests 10,000 rupees in a fixed deposit scheme for 2 years at 5% per annum compound interest. How much amount will he receive on maturity of fixed deposit?A. Rs. 10,000B. Rs. 8500C. Rs. 11,050D. Rs. 11,025

A sum becomes 8 times of itself in 7 years at the rate of compound interest (interest is compounded annually). In how many years will the sum becomes 4096 times of itself?

A bank offers 15% compound interest per half year. A customer deposits Rs 2400 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is

In how many years will Rs. 4000 amount to Rs. 5324 at a rate of 10% compounded annually?

A sum of Rs. 12000 is invested at a scheme of compound interest. The interest rate is 10%. If the interest is compounded half yearly, then what will be the interest (in Rs.) after 1 year?