COMPOUND INTEREST MCQ SET 1
1. A sum of Rs.100 is invested at 10% per annum compound interest (compounded annually) for two years . How much interest will be received after two years .
(a) Rs. 42
(b) Rs. 21
(c) Rs. 210
(d) Rs. 20
Answer: B
2. A sum of Rs.2000 is invested at 10% per annum compound interest (compounded annually) for two years . How much interest will be received after two years .
(a) Rs.420
(b) Rs.2420
(c) Rs.210
(d) Rs.400
Answer: A
3. Aruna borrowed a sum of Rs.9,000 from Jayshree at 10% per annum on compound interest , compounded annually . Find the total amount paid by Aruna after 2 years to clear all the dues .
(a) Rs.10098
(b) Rs.10890
(c) Rs.10980
(d) Rs.10089
Answer: B
4. The compound interest (compounded annually) on a sum of money invested for two years is Rs.10125 . If the rate of interest in 25% per annum , then what is the amount after these two years ?
(a) Rs.28125
(b) Rs.32275
(c) Rs.30625
(d) Rs.26275
Answer: A
5. A sum of Rs.3000 is invested at 20% p.a. compound interest (compounded annually) . What is the compound interest for two years ?
(a) Rs.1360
(b) Rs.1200
(c) Rs.1320
(d) Rs.1440
Answer: C
6. If Rs.12000 is invested at 20% p.a. compound interest (compounded annually) for 2 years , then calculate the interest .
(a) Rs.5280
(b) Rs.4280
(c) Rs.4800
(d) Rs.5640
Answer: A
7. Find the compound interest on Rs.12,000 in 3 year at a rate of 10% per annum , compounded annually .
(a) Rs.9,872
(b) Rs.3,672
(c) Rs.3772
(d) Rs.3972
ย Answer: D
8. What will be the compound interest for 3 years on Rs.5120 at the rate of 12.5% (compounded annually)?
(a) Rs.2280
(b) Rs.1960
(c) Rs.2120
(d) Rs.2170
Answer: D
9. A sum of Rs.1000 is invested on a compound interest (compounded annually) for three years . If the rate of interest is 10% per annum for the first two years and 50% per annum for the third year , then what will be the interest?
(a) Rs.612
(b) Rs.655
(c) Rs.815
(d) Rs.756
Answer: C
10. How much will a principal of Rs.5000 invested on compound interest (compounded annually) amount to , in three years at a rate of 50% per annum?
(a) Rs.16,375
(b) Rs.11,250
(c) Rs.16,875
(d) Rs.17,275
Answer: C
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