compound interest MCQs – Page 4

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

compound interest Mcqs
61. Afnan wants to borrow Rs.6000 at rate of interest 6% p.a. at S.I and lend the same amount at C.I at same rate of interest for two years. What would be his income in the above transaction?
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A. None of these

B. Rs.25.20

C. Rs.27.80

D. Rs.24.00

E. Rs.21.60
62. At what rate of interest will be Rs 20000 becomes Rs 24200 after 2 years when interest is compounded annually?
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A. 15%

B. 6%

C. 5%

D. 10%
63. The principal that amounts to Rs. 4913 in 3 years at 6 1/4 % per annum C.I. compounded annually, is_________??
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A. Rs. 4096

B. Rs. 3096

C. Rs. 4076

D. Rs. 4085

64. The least number of complete years in which a sum of money put out at 20% C.I. will be more than doubled is_________?
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A. 6

B. 3

C. 4

D. 5

65. There is 60% increase in an amount in 6 years at S.I. What will be the C.I. of Rs. 12,000 after 3 years at the same rate?
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A. Rs. 3120

B. Rs. 2160

C. Rs. 6240

D. Rs. 3972
66. A sum of money becomes Rs.6690 after three years and Rs.10.035 after six years on compound interest. The sum is________?
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A. Rs.4520

B. Rs.4400

C. Rs.4460

D. Rs.4445

67. A person got Rs.48 more when he invested a certain sum at compound interest instead of simple interest for two years at 8% p.a. Find the sum?
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A. Rs.7000

B. Rs.6500

C. None of these

D. Rs.7500

E. Rs.8000

68. Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:_______?
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A. Rs. 1750

B. Rs. 1650

C. Rs. 1550

D. Rs. 2000

69. A money lender borrows money at 4% P.a and pays interest at the end of the year. He lends it at 6% P.a compound interest compounded half-yearly and receives the interest at the end of the year. Thus be gains Rs 104.50 a year. The amount of money he borrows is_________?
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A. Rs 5000

B. Rs 6000

C. Rs 5500

D. Rs 4500

70. What annual payment will discharge a debt of Rs. 1025 due in 2 years at the rate of 5% compound interest?
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A. Rs. 551.25

B. Rs. 560

C. Rs. 560.75

D. Rs. 550

71. Find the amount on Rs.5000 in 2 years, the rate of interest being 4% per first year and 5% for the second year?
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A. Rs.460

B. Rs.5604

C. Rs.5640

D. Rs.5460
72. A deposited Rs 6000 in a bank at 5% Per annum simple interest. B deposited Rs 5000 at 8% P.a Compound interest. After 2 years the difference between their interest will be:_________?
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A. Rs 232

B. Rs 230

C. Rs 832

D. Rs 600

73. Find the Compound Interest on Rs. 15,625 for 9 months at 16% per annum compounded quarterly?
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A. Rs. 1961

B. Rs. 1951

C. Rs. 1941

D. Rs. 1851

74. What is the difference between the compound interest on Rs.12000 at 20% p.a. for one year when compounded yearly and half yearly?
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A. Rs.130

B. Rs.140

C. None of these.

D. Rs.120

E. Rs.110

75. The compound interest on a certain sum of money for 2 years at 10 % per annum is Rs.420. The simple interest on the same sum at the same rate and for the same time will be_______?
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A. Rs. 380

B. Rs.375

C. Rs. 400

D. Rs.350

76. The compound interest accrued on an amount of Rs.44000 at the end of two years is Rs.1193.60. What would be the simple interest accrued on the same amount at the same rate in the same period?
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A. Rs.10,560

B. Rs.10,720

C. Rs.10,840

D. Rs.10,280

E. None of these.

77. 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?
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A. Rs. 8.30

B. Rs. 3.06

C. Rs. 4.80

D. Rs. 2.04
78. The compound interest earned by Sunil on a certain amount at the end of two years at the rate of 8% p.a. was Rs.2828.80. Find the total amount that Sunil got back at the end of two years in the form of principal plus interest earned.
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A. Rs.19,828.80

B. Rs.18,028.80

C. None of these

D. Rs.18,828.80

E. Rs.17,828.80

79. If the rate of interest be 4% per annum for first year 5% per annum for the second year and 6% per annum from the third year then the compound interest of Rs 10000 for 3 years will be_________?
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A. Rs 1625.80

B. Rs 1600

C. Rs 1575.20

D. Rs 2000

80. A sum of money deposited at C.I. amounts to Rs.2420 in 2 years and to Rs.2662 in 3 years. Find the rate percent?
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A. 10%

B. 8%

C. 7.50%

D. 15%