Compound Interest MCQ Set 2

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

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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

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Answer: A

3. What sum will 2½% 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

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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

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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

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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

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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

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 Answer: A

8. The compound interest on a certain sum in 2½ 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

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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

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Answer: A

10. Find the ratio of principal to amount . If the rate of interest is 16 2/3% per annum compounded annually for 1¼ years .

(a) 144 : 175

(b) 144 : 169

(c) 125 : 144

(d) 175 : 144

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Answer: A