compound interest mcqs to prepare for nts,kppsc,fpsc,ppsc and more | mcqpk.com

compound interest Mcqs

1. The difference between the compound interest and the simple interest on a certain sum at 5 % per annum for 2 years is Rs. 1.50. The sum is_______?
0

A. Rs.500

B. Rs.400

C. Rs.300

D. Rs.600

2. A sum amounts to Rs. 2916 in 2 years and to Rs.3149.28 in 3 years at compound Interest. The sum is_________?
0

A. Rs.3000

B. Rs.2500

C. Rs.1500

D. Rs.2000

3. The difference between simple and compound interest (compounded-annually) on a sum of money for 2 years at 10% per annum is Rs 65. The sum is_________?
0

A. Rs 6565

B. Rs 65650

C. Rs 6500

D. Rs 65065

4. The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period(in years) is_________?
0

A. 2

B. 4

C. 3

D. 2 1/2

5. On a sum of money, the S.I. for 2 years is Rs. 660, while the C.I. is Rs. 696.30, the rate of interest being the same in both the cases. The rate of interest is________?
0

A. 10%

B. None of these

C. 10.50%

D. 12%

6. The difference between simple and compound interest on Rs. 1200 for one year at 10% per annum reckoned half-yearly is________?
0

A. Rs. 4

B. Rs. 2.50

C. Rs. 3

D. Rs. 3.75

7. A sum of money place at compound interest doubles itself in 4 years. In how many years will it amount to eight times itself?
0

A. 16

B. 12

C. 8

D. 20

8. 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________?
0

A. Rs. 2000

B. Rs. 1650

C. Rs. 1550

D. Rs. 1750

9. What will be ratio of simple to compound interest on two same sums invested in SBP at rate of interest of 8% kept for 3 years?
0

A. 1/2.5

B. 9-Apr

C. 1903/2156

D. 1875/2029

10. What sum of money put at C.I amounts in 2 years to Rs.8820 and in 3 years to Rs.9261?
0

A. Rs.7500

B. Rs.8000

C. None

D. Rs.8400

11. The difference between the compound interest compounded annually and simple interest for 2 years at 20% per annum is Rs.144. Find the principal?
0

A. Rs.3600

B. Rs.3000

C. Rs.3900

D. Rs.3300

12. 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?
0

A. Rs. 16,537.50

B. Rs. 16,500

C. Rs. 18,150

D. Rs. 16,525.50

13. Find the least number of complete years in which a sum of money put out at 25% compound interest will be more than double of itself?
0

A. 2 years

B. 1 year

C. 6 years

D. 4 years

14. 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?
0

A. Rs. 8620

B. Rs. 8840

C. Rs. 8800

D. Rs. 8600

E. None of these

15. A sum of money is put out at compound interest for 2 years at 20%. It would fetch Rs.482 more if the interest were payable half-yearly, then it were pay able yearly. Find the sum.
0

A. Rs.2000

B. Rs.1250

C. Rs.1000

D. Rs.4000

16. Jameel invested an amount of Rs.17400 for two years. Find the rate of compound interest that will fetch him an amount of Rs.1783.50 at the end of two years?
0

A. 6% p.a.

B. 8% p.a.

C. 5% p.a.

D. None of these

E. 4% p.a.

17. What will be the compound interest on Rs 25000 after 3 years at 12% Per annum?
0

A. Rs 10123.20

B. Rs 10483.20

C. Rs 9720

D. None of these

E. Rs 9000.30

18. 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?
0

A. Rs. 52

B. Rs. 54.25

C. Rs. 60

D. Rs. 51.25

19. The difference between the simple interest and the compound interest on Rs 5000 at 10% P.a for 3 years is:_______?
0

A. Rs 180

B. None of these

C. Rs 165

D. Rs 145

E. Rs 150

20. 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_______?
0

A. Rs. 8082

B. Rs. 8112

C. Rs. 7800

D. Rs. 8100

21. 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.
0

A. Rs.3502.80

B. Rs.3054.8

C. None of these

D. Rs.3052.80

E. Rs.3052.40

22. A sum of money amounts to Rs. 10648 in 3years and Rs. 9680 in 2 years. The rate of interest is_________?
0

A. 10 %

B. 15%

C. 5%

D. 20%

23. Rs. 800 at 5 % Per annum compound interest will amount to Rs. 882 in________?
0

A. 2 years

B. 1 Year

C. 3 Years

D. 4 Years

24. The difference between compound interest and simple interest on Rs 8000 at 5% P.a for 3 years is_________?
0

A. Rs 600

B. Rs 50

C. Rs 61

D. Rs 60

25. 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________?
0

A. Rs. 600

B. Rs. 500

C. Rs. 800

D. Rs. 400

26. What will be the difference between simple and compound interest at 10% per annum on a sum of Rs. 1000 after 4 years?
0

A. Rs. 64.10

B. Rs. 31

C. Rs. 40.40

D. Rs. 32.10

27. The difference between simple interest and compound interest at the same rate for Rs.5000 for 2 years is Rs. 72. The rate of interest is?
0

A. 10%

B. 8%

C. 12 %

D. 6%

28. The difference between compound and simple interest on a certain sum of money for 3 years at 6 2/3% p.a is Rs.184. Find the sum?
0

A. Rs.13500

B. Rs.14200

C. Rs.17520

D. Rs.12000

29. A sum of Rs.4800 is invested at a compound interest for three years, the rate of interest being 10% p.a., 20% p.a. and 25% p.a. for the 1st, 2nd and the 3rd years respectively. Find the interest received at the end of the three years.
0

A. Rs.3320

B. Rs.2760

C. None of these

D. Rs.2520

E. Rs.3120

30. The difference between C.I. and S.I. on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?
0

A. Cannot be determined

B. 8

C. 12

D. 10

31. A money lender lends Rs.2000 for six months at 20% p.a. rate. It the interest is reckoned quarterly than find the amount given after time limit.
0

A. Rs.2160

B. Rs.2205

C. Rs.2200

D. Rs.2040

32. The difference between compound interest and simple interest on a sum for 2 years at 8% P.a is Rs 786. The sum is:_________?
0

A. Rs 100000

B. Rs 170000

C. Rs 11000

D. Rs 120000

33. Simple Interest on a sum at 4% per annum for 2 years is 80. The compound interest on the same sum for the same period is_________?
0

A. Rs. 81.60

B. Rs. 1081.60

C. Rs. 160

D. None of these

34. The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:________?
0

A. Rs. 3.75

B. Rs. 4

C. Rs. 3

D. Rs. 2.50

35. A sum of money placed at compound interest doubles itself in 5 years in how many years it would to 8 times of itself at the same rate of interest?
0

A. 15 years

B. 20 years

C. 7 years

D. 10 years

36. A man gets a simple interest of Rs.500 on a certain principal at the rate of 5% p.a in two years. Find the compound interest the man will get on twice the principal in two years at the same rate.
0

A. Rs.5012.50

B. Rs.500

C. None of these.

D. Rs.5062.50

E. Rs.250

37. The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half yearly is:_______?
0

A. Rs 6.08%

B. Rs 6.06%

C. Rs 6.09%

D. Rs 6.07%

38. A sum of money placed at C.I. interest doubles itself in 5 years. It will amount to eight times itself at the same rate of interest in?
0

A. 20 years

B. 15 years

C. 7 years

D. 10 years

39. Rayan invested certain amount for two rates of simple interests at 6% p.a. and 7% p.a. What is the ratio of Rayans investments if the interests from those investments are equal?
0

A. 6:05

B. 7 : 6

C. 4:03

D. 3:02

E. None of these

40. 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?
0

A. Rs. 666.50

B. Rs. 662.02

C. Rs. 565.25

D. Rs. 635

41. Sehar gave Shazia Rs.1250 on compound interest for 2 years at 4% per annum. How much loss would Sehar has suffered had she given it to Shazia for 2 years at 4% per annum simple interest?
0

A. Rs.10

B. Rs.3

C. Rs.5

D. Rs.2

42. A property decreases in value every year at the rate of 6 1/4% of its value at the beginning of the year its value at the end of 3 years was Rs.21093. Find its value at the beginning of the first year?
0

A. Rs.32000.50

B. Rs.25600.24

C. Rs.18060.36

D. Rs.18600

43. A sum amount to Rs.1344 in two years at simple interest. What will be the compound interest on the same sum at the same rate of interest for the same period?
0

A. Data insufficient for the answer

B. Rs.130

C. Rs.140

D. Rs.150

44. Rajan borrowed Rs.4000 at 5% p.a compound interest. After 2 years, he repaid Rs.2210 and after 2 more year, the balance with interest. What was the total amount that he paid as interest?
0

A. Rs.635.50

B. Rs.613.50

C. Rs.675.50

D. Rs.653.50

45. How much more would Rs.20000 fetch, after two years, if it is put at 20% p.a. compound interest payable half yearly than if is put at 20% p.a. compound interest payable yearly?
0

A. Rs.482

B. Rs.512

C. Rs.842

D. Rs.424

46. What amount does Kiran get if he invests Rs.8000 at 10% p.a. compound interest for two years, compounding done annually?
0

A. Rs.9650

B. None of these

C. Rs.9680

D. Rs.9610

E. Rs.9630

47. A sum of money is borrowed and paid back in two annual installments of Rs. 882 each allowing 5% C.I. The sum borrowed was?
0

A. Rs. 1620

B. Rs. 1640

C. Rs. 1700

D. Rs. 1680

48. The difference between simple interest and C.I. at the same rate for Rs.5000 for 2 years in Rs.72. The rate of interest is?
0

A. 12%

B. 6%

C. 8%

D. 10%

49. 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________?
0

A. Rs. 450

B. Rs. 460

C. Rs. 400

D. Rs. 480

50. What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12% p.a.?
0

A. Rs. 9720

B. Rs. 10483.20

C. Rs. 9000.30

D. Rs. 10123.20

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