COMPOUND INTEREST MCQ SET 8
1. A certain sum amount to Rs.29,282 in 4 years at 10% per annum when the interest is compounded annually . What is the simple interest on the same sum for same time a the same rate ?
(a) Rs.8,500
(b) Rs.8,000
(c) Rs.7,600
(d) Rs.8,400
Answer: B
2. A principal increases 21% with compound interest in two years . Calculate the simple interest for 4 years on Rs.1000 at the same rate of interest?
(a) Rs.320
(b) Rs.400
(c) Rs.360
(d) Rs.420
Answer: B
3. The compound interest on a certain sum for 3 years at 15% p.a. Interest compounded yearly is Rs.4,167 . What is the simple interest on the same sum in 4 4/5 years at the same rate ?
(a) Rs.6,144
(b) Rs.6,000
(c) Rs.4,800
(d) Rs.5,760
Answer: D
4. The compound interest on a certain sum of money at 21% for 2 years is Rs.11,602.5 . Its simple interest (in Rs.) at the same rate and for the same period is :
(a) Rs.10,750
(b) Rs.16,000
(c) Rs.12,500
(d) Rs.10,500
Answer: D
5. A sum of Rs.18000 is invested for 16 months at 8% per annum compounded half-yearly what is the percentage gain at
(a) 9%
(b) 11%
(c) 10%
(d) 12%
Answer: B
6. A sum of Rs.12,000 is invited for 15 months at 10% per annum compounded half yearly . What is the percentage gain?
(a) 13%
(b) 13.1%
(c) 12.8%
(d) 12.9%
Answer: A
7. What will be the compound interest on a sum of Rs.31,250 at 12% compound interest (interest compounded yearly) in 2 2/3 years?
(a) Rs.11,048
(b) Rs.11,096
(c) Rs.11,068
(d) Rs.11,086
ย Answer: D
8. What is the compound interest on a sum of Rs.12,000 for 2 5/8 years at 8% p.a. when the interest is compounded annually .
(a) Rs.2,697
(b) Rs.2,654
(c) Rs.2,712
(d) Rs.2,642
Answer: A
9. On what amount , the interest compounded semi-annually at 12% per annum for one year is Rs.1545?
(a) Rs.12,500
(b) Rs.25,750
(c) Rs.24,300
(d) Rs.12,875
Answer: A
10. If interest be compounded half – yearly , then find the compound interest on Rs.8,000 at 20% p.a. for 1 year .
(a) Rs.1685
(b) Rs.1680
(c) Rs.1675
(d) Rs.1690
Answer: B
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