COMPOUND INTEREST MCQ SET 2
1. What is the present value of Rs.14,739 payable in 3 years at the rate of 6.25% yearly compound interest?
(a) Rs.12,184
(b) Rs.12,288
(c) Rs.12,473
(d) Rs.12,148
Answer: B
2. What is the compound interest on a sum of Rs.25,000 after three years at a rate of 12 percent per annum interest compounded yearly?
(a) Rs.10,123.20
(b) Rs.9,824.00
(c) Rs.9,956.86
(d) Rs.10,520.00
Answer: A
3. What sum will 2ยฝ% become Rs.9,826 in 18 months if the ratio of interest is per annum and the interest is compound half .
(a) Rs.9,392.00
(b) Rs.9,444.00
(c) Rs.9,512.00
(d) Rs.9,466.55
Answer: D
4. A certain sum invested on compound interest (compounded annually) grows to Rs.5040 in three years . If the rate of interest is 20% for the first year , 40% for the second year and 50% for the third years , then what is the sum ?
(a) Rs.1,210
(b) Rs.2,566
(c) Rs.1,800
(d) Rs.2,000
Answer: D
5. Find the compound interest (in Rs) on a sum of Rs.7500 for 4 years if the ratio of interest is 20% per annum for the first two years and 10% per annum for the next two days . (The interest is compounded annually) .
(a) 6,558
(b) 5,658
(c) 5,586
(d) 5,568
Answer: D
6. A sum of Rs.200 is invested at 10% per annum compound interest (compound annually) for 1.5 years . How much interest will be received after 1.5 years .
(a) Rs.31
(b) Rs.21
(c) Rs.30
(d) Rs.20
Answer: A
7. A sum of Rs.2000 is invested at 10% per annum compound interest (compounded annually) for 2.5 years . How much interest will be received after 2.5 years .
(a) Rs.541
(b) Rs.241
(c) Rs.310
(d) Rs.2541
ย Answer: A
8. The compound interest on a certain sum in 2ยฝ years at 10% p.a. , interest compounded yearly , is Rs.1,623 . The sum is :
(a) Rs.5,000
(b) Rs.6,000
(c) Rs.6,500
(d) Rs.7,200
Answer: B
9. What is the compound interest (in Rs.) on a sum of Rs.25,000 for 3 2/5 years at 10% p.a. , if the interest is compounded annually?
(a) Rs.9,606
(b) Rs.8,275
(c) Rs.9,516
(d) Rs.8,425
Answer: A
10. Find the ratio of principal to amount . If the rate of interest is 16 2/3% per annum compounded annually for 1ยผ years .
(a) 144 : 175
(b) 144 : 169
(c) 125 : 144
(d) 175 : 144
Answer: A
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