Simple and Compound Interest MCQs
Find the compound interest on Rs. 8000 at 5% per annum for 3 years (compounded yearly).
- A. Rs. 1261
- B. Rs. 1440
- C. Rs. 1185
- D. Rs. 1346
If Rs. 7500 are borrowed at compound interest at 4% per annum, what is the amount to be repaid after 2 years?
- A. Rs. 8082
- B. Rs. 7800
- C. Rs. 8100
- D. Rs. 8112
Find the compound interest on Rs. 5000 at 4% p.a., compounded half-yearly for 1½ years.
- A. Rs. 420.20
- B. Rs. 319.06
- C. Rs. 306.04
- D. Rs. 294.75
Rs. 8000 grows to Rs. 9261 at 5% per annum compound interest. How many years did it take?
- A. 4 years
- B. 6 years
- C. 2 years
- D. 3 years
What is the compound interest at 10% p.a. on Rs. 20000 at the end of 3 years?
- A. Rs. 6620
- B. Rs. 6500
- C. Rs. 6800
- D. Rs. 6400
Find the compound interest on Rs. 1600 for 9 months at 20% p.a., compounded quarterly.
- A. Rs. 176.84
- B. Rs. 168.40
- C. Rs. 252.20
- D. Rs. 340.80
Simple interest on a sum at 4% p.a. for 2 years is Rs. 80. What is the compound interest on the same sum for the same period?
- A. Rs. 81.60
- B. Rs. 160
- C. Rs. 1081.60
- D. Rs. 99
The compound interest on a sum for 2 years is Rs. 41 and the simple interest is Rs. 40. What is the rate of interest per annum?
- A. 4%
- B. 5%
- C. 6%
- D. 8%
A sum triples itself in 3 years at compound interest. In how many years will it become nine times?
- A. 18
- B. 12
- C. 9
- D. 6
A sum doubles in 4 years at compound interest. In how many years will it grow eightfold?
- A. 16
- B. 8
- C. 12
- D. 20
What is the difference between the compound interest on Rs. 5000 for 1½ years at 4% p.a. 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% p.a., compounded quarterly.
- A. Rs. 1851
- B. Rs. 1941
- C. Rs. 1951
- D. Rs. 1961
If the simple interest on a sum for 2 years at 5% p.a. is Rs. 50, what is the compound interest for the same sum, rate, and time?
- A. Rs. 51.25
- B. Rs. 52
- C. Rs. 54.25
- D. Rs. 60
What is the difference between simple and compound interest at 10% p.a. on 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 1 year at 10% p.a., 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% p.a. is Rs. 4347. For how many years?
- A. 2
- B. 2½
- C. 3
- D. 4
The principal amounts to Rs. 4913 in 3 years at 6¼% p.a. compound interest. What was the principal?
- A. Rs. 3096
- B. Rs. 4076
- C. Rs. 4085
- D. Rs. 4096
If the compound interest on a sum for 2 years at 12½% p.a. is Rs. 510, what is the simple interest on the same sum, rate, and time?
- A. Rs. 400
- B. Rs. 450
- C. Rs. 460
- D. Rs. 480
The compound interest on a sum for 2 years at 10% p.a. is Rs. 525. What is the simple interest on the same sum for double the time at half the rate?
- A. Rs. 400
- B. Rs. 500
- C. Rs. 600
- D. Rs. 800
Simple interest on a sum for 3 years at 8% p.a. equals half the compound interest on Rs. 4000 for 2 years at 10% p.a. What was the sum on simple interest?
- A. Rs. 1550
- B. Rs. 1650
- C. Rs. 1750
- D. Rs. 2000
An amount increases by 60% in 6 years at simple interest. What is the compound interest on Rs. 12,000 after 3 years at the same rate?
- A. Rs. 2160
- B. Rs. 3120
- C. Rs. 3972
- D. Rs. 6240
The difference between simple and compound interest (compounded annually) on a sum for 2 years at 4% p.a. is Re. 1. What is the sum?
- A. Rs. 625
- B. Rs. 630
- C. Rs. 640
- D. Rs. 650
On a sum, the simple interest for 2 years is Rs. 660, while the compound interest is Rs. 696.30. What is the rate of interest?
- A. 10%
- B. 10.5%
- C. 12%
- D. None of these
What is the effective annual rate for a nominal 6% p.a. payable half-yearly?
- A. 6.06%
- B. 6.07%
- C. 6.08%
- D. 6.09%
A sum grows to Rs. 800 in 3 years and to Rs. 840 in 4 years at compound interest. What is the annual rate?
- A. 2½%
- B. 4%
- C. 5%
- D. 6⅔%
A sum doubles itself in 5 years at compound interest. In how many years will it become eight times the original?
- A. 7 years
- B. 10 years
- C. 15 years
- D. 20 years