Interest Simple & Compound Quantitative MCQ Questions Answers


11) A sum of money amounts to Rs 6690 after 3 yr and to Rs 10035 after 6 yr on compound interest. The sum is

a) Rs 4460

b) Rs 3650

c) Rs 4535

d) Rs 2800

View Answer
Option – a)

12) Anish borrowed Rs 15000 at the rate of 12% and another amount at the rate of 15% for two yr. The total interest paid by him was Rs 9000. How much did he borrow ?

a) Rs 32000

b) Rs 33000

c) Rs 30000

d) Rs 63000

View Answer
Option – b)

13) If the CI on a certain sum for 2 yr at 4% be Rs 510, What would be the SI ?

a) Rs 500

b) Rs 505

c) Rs 400

d) Rs 475

View Answer
Option – a)

14) A sum of money invested at simple interest triples itself in 8 years at simple interest. Find in how many years will it become 8 times itself at the same rate?

(a) 24 years

(b) 28 years

(c) 30 years

(d) 21 years

View Answer
Option – b)

15) Seema invested an amount of Rs 16000 for two years at compound interest and received an amount of Rs 17640 on maturity. What is the rate of interest ?

a) 8%

b) 5%

c) 4%

d) 3%

View Answer
Option – b)

16) What annual instalment will discharge a debt of Rs 47250 due 3 yr hence at the rate of 5% simple interest ?

a) Rs 15500

b) Rs 16000

c) Rs 15000

d) Rs 14000

View Answer
Option – c)

17) Harsh makes a fixed deposit of Rs 20,000 with the Bank of India for a period of 3 years. If the rate of interest be 13% SI per annum charged half-yearly, what amount will he get after 42 months?

(a) 27,800

(b) 28,100

(c) 29,100

(d) 28,500

View Answer
Option – c)

18) In what time does a sum of money becomes four times at the simple interest rate of 10% per annum ?

a) 30 yr

b) 25yr

c) 35 yr

d) 40 yr

View Answer
Option – a)

19) A sum of money doubles itself at compound interest in 15 yr. In how many years will it becomes eight times ?

a) 20 yr

b) 40 yr

c) 35 yr

d) 45 yr

View Answer
Option – d)

20) A certain sum of money amounts to Rs 1125 in 5 yr and to Rs 1200 in 8 yr. The sum is

a) Rs 900

b) Rs 500

c) Rs 1000

d) Rs 800

View Answer
Option – c)