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Compound Interest MCQ Set 3

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COMPOUND INTEREST MCQ SET 3

1. Find the ratio of principal to amount . If the rate of interest is 12ยฝ% per annum compounded annually for 1 year and 2 months .

(a) 441 : 625

(b) 384 : 441

(c) 400 : 441

(d) 441 : 400

Show Answer

Answer: B

2. Find the ratio of principal to amount . If the rate of interest is 12% per annum compounded annually for 2 year and 5 months .

(a) 9261 : 8000

(b) 3125 : 4116

(c) 8000 : 9261

(d) 4116 : 3125

Show Answer

Answer: B

3. A certain amount of money was lent for a period of 1 year 9 months at a rate of 10% per annum compounded annually . If the compound interest is Rs.1460 , find the amount of money lent .

(a) Rs.8200

(b) Rs.7500

(c) Rs.6000

(d) Rs.8000

Show Answer

Answer: D

4. Find the ratio of principal to amount . If the rate of interest is 12% per annum compounded 5 monthly for 1 year and 3 months .

(a) 10000 : 926

(b) 8000 : 9261

(c) 21600 : 9261

(d) 9261 : 8000

Show Answer

Answer: B

5. What is the compound interest (in Rs.) on a sum of Rs.8192 for 1ยผ years at 15% per annum , if interest is compounded 5-monthly?

(a) 1,640

(c) 1,740

(b) 1,634

(d) 1,735ย 

Show Answer

Answer: C

6. What is the difference between the compound interest , when interest is compounded 5-monthly , and the simple interest on a sum of Rs.12,000 for 1ยผ years at 12% per annum ?

(a) Rs.90

(b) Rs.91.50

(c) Rs.93

(d) Rs.92.50

Show Answer

Answer: B

7. Find the compound interest on Rs.10,000 for 1ยฝ years at 20% per annum , interest is payable half – yearly .

(a) Rs.3315

(b) Rs.3310

(c) Rs.3305

(d) Rs.3320

Show Answer

ย Answer: B

8. Radha deposited Rs.1,60,000 at a 10% rate of compound interest per annum for two years . If the interest is compounded semi-annually , then what is compound interest (in Rs.)

(a) Rs.16,400

(b) Rs.34,481

(c) Rs.74,256

(d) Rs.33,600

Show Answer

Answer: B

9. A certain sum becomes Rs.13650 at 15% p.a. simple interest after 2 years . What will be the amount (in Rs.) of the same sum after 1 years at the same of interest , if the interest is compound half yearly?(nearest to a Rs.)

(a) 13625

(b) 11000

(c) 12134

(d) 10500

Show Answer

Answer: C

10. Calculate the compound interest on Rs.15,625 for 2 years at the rate of 12% p.a., if the interest is compounded 8-monthly?

(a) Rs.3075

(b) Rs.4058

(c) Rs.3675

(d) Rs.4088

Show Answer

Answer: C

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