compound interest MCQs – Page 3

Practise focused compound interest questions with marked answers for exam preparation and subject revision.

compound interest Mcqs
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?
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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?
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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?
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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?
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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?
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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?
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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?
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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?
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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________?
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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.?
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A. Rs. 9720

B. Rs. 10483.20

C. Rs. 9000.30

D. Rs. 10123.20
51. In one year, the population, of a village increased by 10% and in the next year, it decreased by 10%. If at the end of 2nd year, the population was 7920, what was it in the beginning?
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A. 8000

B. 8500

C. 8400

D. 8100

52. The Compound interest on Rs 16000 for 9 months at 20% P.a compounded quarterly is:__________?
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A. Rs 2518

B. Rs 2522

C. Rs 2524

D. Rs 2520

53. If the interest is payable annually than the principal on which the compound interest for 3 years at 10% P.a is Rs 33/- is given by:__________?
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A. Rs 1050

B. Rs 900

C. Rs 1000

D. Rs 1100

54. A sum of money invested at C.I. amounts to Rs. 800 in 3 years to Rs. 840 in 4 years. The rate of interest per annum is______?
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A. 2.50%

B. 5%

C. 4%

D. 6.67%

55. Find the sum lend at C.I. at 5 p.c per annum will amount to Rs.441 in 2 years?
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A. Rs.400

B. Rs.380

C. Rs.420

D. Rs.375

56. Compound interest earned on a sum for the second and the third years are Rs.1200 and Rs.1440 respectively. Find the rate of interest?
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A. 22% p.a.

B. 20% p.a.

C. 18% p.a.

D. 24% p.a.

E. None of these.

57. The simple interest accrued on an amount of Rs.49500 at he end of three is Rs.17820. What would be the compound interest accured on the same amount at teh same rate in the same period? (Round off your answer to two decimal places)
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A. Rs.20264.46

B. Rs.20043.94

C. None of these

D. Rs.18654.81

E. Rs.19612.41

58. The sum of money at compound interest amounts to thrice itself in 3 years. In how many years will it be 9 times itself?
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A. 12

B. 6

C. 9

D. 18

59. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs. ) is_________?
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A. 630

B. 625

C. 640

D. 650

60. How much would a sum of Rs 16000 approximately amount to in 2 years at 10% P.a compounded half-yearly?
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A. Rs 18973

B. Rs 19880

C. Rs 17423

D. Rs 19448