Compound Interest MCQ Set 3
COMPOUND INTEREST MCQ SET 3
1. Find the ratio of principal to amount . If the rate of interest is 12½% per annum compounded annually for 1 year and 2 months .
(a) 441 : 625
(b) 384 : 441
(c) 400 : 441
(d) 441 : 400
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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
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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
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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
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Answer: B
5. What is the compound interest (in Rs.) on a sum of Rs.8192 for 1¼ years at 15% per annum , if interest is compounded 5-monthly?
(a) 1,640
(c) 1,740
(b) 1,634
(d) 1,735
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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 1¼ years at 12% per annum ?
(a) Rs.90
(b) Rs.91.50
(c) Rs.93
(d) Rs.92.50
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Answer: B
7. Find the compound interest on Rs.10,000 for 1½ years at 20% per annum , interest is payable half – yearly .
(a) Rs.3315
(b) Rs.3310
(c) Rs.3305
(d) Rs.3320
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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
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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
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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
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Answer: C