Compound Interest MCQ Set 11
COMPOUND INTEREST MCQ SET 11
1. At what rate percentage per annum will Rs.14,400 amount to Rs.15,876 in one year , if interest is compounded half – yearly?
(a) 15%
(b) 12%
(c) 10%
(d) 8%
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Answer: C
2. A sum of Rs.9500 amounts to Rs.11,495 in 2 years at a certain rate percent per annum , interest compounded yearly . What is the simple interest (in Rs.) on the same sum for the same time and double the rate?
(a) 3420
(b) 3990
(c) 3800
(d) 4560
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Answer: C
3. The principal amount of Rs.1000 becomes equal to Rs.1331 in 3 years at a certain rate of compound interest per annum . Find the interest rate .
(a) 5%
(b) 10%
(c) 15%
(d) 30%
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Answer: B
4. The principal amount of Rs.2160 becomes equal to Rs.3430 in 3 years at a certain rate of compound interest per annum . Find the interest rate .
(a) 8 1/3%
(b) 15%
(c) 12½%
(d) 16 2/3%
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Answer: D
5. A sum of Rs.9,500 becomes Rs.11,704.95 in 2 years at compound interest . What is the rate of interest?
(a) 9%
(b) 7%
(c) 11%
(d) 10%
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Answer: C
6. The amount at compound interest on a sum of Rs.8,000 becomes Rs.9,261 in 18 months . Find the rate of interest is compounded half – yearly .
(a) 8%
(b) 10%
(c) 20%
(d) 12%
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Answer: B
7. A sum of Rs.3,600 invested on compound interest becomes Rs.4,900 in 2 years . (interest is compounded annually) . What is the rate of interest per annum?
(a) 18 1/3%
(b) 17 1/3%
(c) 15 2/3%
(d) 16 2/3%
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Answer: D
8. At what rate percent per annum will a sum of Rs.15,625 amount to Rs.21952 in three years . If the interest is compounded annually ?
(a) 12%
(b) 8%
(c) 9%
(d) 10%
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Answer: A
9. The compound interest on Rs.4,000 after 3 years is Rs.630.50 . The rate of interest compounded yearly is :
(a) 7%
(b) 5%
(c) 8%
(d) 6%
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Answer: B
10. What is the rate of compound interest if a sum becomes 1331/729 times of itself in 3 years?
(a) 22 2/9%
(b) 33 1/9%
(c) 21 7/9%
(d) 11 7/9%
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Answer: A