Simple Interest and Compound Interest MCQ 1 5%Question 1 of 201. A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is:Rs. 120 Rs. 121 Rs. 122 Rs. 123Question 1 of 20Question 2 of 202. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:625 630640 650Question 2 of 20Question 3 of 203. There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?Rs. 2160 Rs. 3120 Rs. 3972 Rs. 6240 None of theseQuestion 3 of 20Question 4 of 204. What is the difference between the compound interests on Rs. 5000 for 1\( \frac{1}{2} \) years at 4% per annum compounded yearly and half-yearly?Rs. 2.04 Rs. 3.06 Rs. 4.80 Rs. 8.30Question 4 of 20Question 5 of 205. The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:2134Question 5 of 20Question 6 of 206. What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.?Rs. 9000.30 Rs. 9720 Rs. 10123.20 Rs. 10483.20 None of theseQuestion 6 of 20Question 7 of 207. At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?6% 6.5% 7% 7.5%Question 7 of 20Question 8 of 208. The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:3 4 5 6Question 8 of 20Question 9 of 209. Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit?Rs. 8600 Rs. 8620 Rs. 8820 None of theseQuestion 9 of 20Question 10 of 2010. The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:6.06% 6.07% 6.08% 6.09%Question 10 of 20Question 11 of 2011. Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:Rs. 1550 Rs. 1650 Rs. 1750 Rs. 2000Question 11 of 20Question 12 of 2012. If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time?Rs. 51.25 Rs. 52 Rs. 54.25 Rs. 60Question 12 of 20Question 13 of 2013. The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:Rs. 2.50 Rs. 3 Rs. 3.75 Rs. 4 None of theseQuestion 13 of 20Question 14 of 2014. The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?8 1012Cannot be determined None of theseQuestion 14 of 20Question 15 of 2015. The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is:Rs. 400 Rs. 500 Rs. 600 Rs. 800Question 15 of 20Question 16 of 2016. A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:Rs. 650 Rs. 690 Rs. 698 Rs. 700Question 16 of 20Question 17 of 2017. Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?Rs. 6400 Rs. 6500 Rs. 7200 Rs. 7500 None of theseQuestion 17 of 20Question 18 of 2018. A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a. in 5 years. What is the sum?Rs. 4462.50 Rs. 8032.50 Rs. 8900 Rs. 8925 None of theseQuestion 18 of 20Question 19 of 2019. How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?3.5 years 4 years 4.5 years 5 yearsQuestion 19 of 20Question 20 of 2020. Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?3.6 6 18 Cannot be determined None of theseQuestion 20 of 20 Loading...