Simple Interest and Compound Interest MCQ 2 5%Question 1 of 201. An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes:10% 10.25% 10.5% None of theseQuestion 1 of 20Question 2 of 202. A lent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest at the same rate of interest and received Rs. 2200 in all from both of them as interest. The rate of interest per annum is:5% 7% 7\( \frac{1}{8} \)%10%Question 2 of 20Question 3 of 203. A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest?3.6% 5% 6% 4.5% None of theseQuestion 3 of 20Question 4 of 204. A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was:Rs. 2000 Rs. 10,000 Rs. 15,000 Rs. 20,000Question 4 of 20Question 5 of 205. What is the rate of compound interest? I. The principal was invested for 4 years. II. The earned interest was Rs. 1491.I alone sufficient while II alone not sufficient to answer II alone sufficient while I alone not sufficient to answer Either I or II alone sufficient to answer Both I and II are not sufficient to answer Both I and II are necessary to answerQuestion 5 of 20Question 6 of 206. What will be compounded amount? I. Rs. 200 was borrowed for 192 months at 6% compounded annually. II. Rs. 200 was borrowed for 16 years at 6%.I alone sufficient while II alone not sufficient to answer II alone sufficient while I alone not sufficient to answer Either I or II alone sufficient to answer Both I and II are not sufficient to answer Both I and II are necessary to answerQuestion 6 of 20Question 7 of 207. An amount of money was lent for 3 years. What will be the difference between the simple and the compound interest earned on it at the same rate? I. The rate of interest was 8 p.c.p.a. II. The total amount of simple interest was Rs. 1200.I alone sufficient while II alone not sufficient to answer II alone sufficient while I alone not sufficient to answer Either I or II alone sufficient to answer Both I and II are not sufficient to answer Both I and II are necessary to answerQuestion 7 of 20Question 8 of 208. What is the rate of interest p.c.p.a.? I. An amount doubles itself in 5 years on simple interest. II. Difference between the compound interest and the simple interest earned on a certain amount in 2 years is Rs. 400. III. Simple interest earned per annum is Rs. 2000.I only II and III only All I, II and III Any two of the three I only or II and III onlyQuestion 8 of 20Question 9 of 209. What will be the compound interest earned on an amount of Rs. 5000 in 2 years? I. The simple interest on the same amount at the same rate of interest in 5 years is Rs. 2000. II. The compound interest and the simple interest earned in one year is the same. III. The amount become more than double on compound interest in 10 years.I only I and II only II and III only I and III only None of theseQuestion 9 of 20Question 10 of 2010. Mr. Gupta borrowed a sum of money on compound interest. What will be the amount to be repaid if he is repaying the entire amount at the end of 2 years? I. The rate of interest is 5 p.c.p.a. II. Simple interest fetched on the same amount in one year is Rs. 600. III. The amount borrowed is 10 times the simple interest in 2 years.I only III only I or II only II and Either I or III only All I, II and III are requiredQuestion 10 of 20Question 11 of 2011. What is the compound interest earned at the end of 3 years? I. Simple interest earned on that amount at the same rate and for the same period is Rs. 4500. II. The rate of interest is 10 p.c.p.a. III. Compound interest for 3 years is more than the simple interest for that period by Rs. 465. I and II only II and III only I and III only Either II or III only Any two of the threeQuestion 11 of 20Question 12 of 2012. What is the principal sum? I. The sum amounts to Rs. 690 in 3 years at S.I. II. The sum amounts to Rs. 750 in 5 years at S.I. III. The rate of interest is 5% p.a.I and III only II and III only I and II only I and III only, or II and III only Any two of the threeQuestion 12 of 20Question 13 of 2013. What is the sum which earned interest? I. The total simple interest was Rs. 7000 after 7 years. II. The total of sum and simple interest was double of the sum after 5 years.I alone sufficient while II alone not sufficient to answer II alone sufficient while I alone not sufficient to answer Either I or II alone sufficient to answer Both I and II are not sufficient to answer Both I and II are necessary to answerQuestion 13 of 20Question 14 of 2014. The simple interest on a sum of money is Rs. 50. What is the sum? I. The interest rate is 10% p.a. II. The sum earned simple interest in 10 years.I alone sufficient while II alone not sufficient to answer II alone sufficient while I alone not sufficient to answer Either I or II alone sufficient to answer Both I and II are not sufficient to answer Both I and II are necessary to answerQuestion 14 of 20Question 15 of 2015. What percentage of simple interest per annum did Anand pay to Deepak? I. Anand borrowed Rs. 8000 from Deepak for four years. II. Anand returned Rs. 8800 to Deepak at the end of two years and settled the loan. I alone sufficient while II alone not sufficient to answer II alone sufficient while I alone not sufficient to answer Either I or II alone sufficient to answer Both I and II are not sufficient to answer Both I and II are necessary to answerQuestion 15 of 20Question 16 of 2016. What is the rate of simple interest? I. The total interest earned was Rs. 4000. II. The sum was invested for 4 years.I alone sufficient while II alone not sufficient to answer II alone sufficient while I alone not sufficient to answer Either I or II alone sufficient to answer Both I and II are not sufficient to answer Both I and II are necessary to answerQuestion 16 of 20Question 17 of 2017. On a sum of money, simple interest for 2 years is Rs 660 and compound interest is Rs 696.30, the rate of interest being the same in both cases11% 10% 9% 12%Question 17 of 20Question 18 of 2018. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Rs 1. Find the sumRs 600 Rs 625 Rs 650Rs 675Question 18 of 20Question 19 of 2019. What will be the difference between simple and compound interest @ 10% per annum on the sum of Rs 1000 after 4 yearsRs 62.10 Rs 63.10 Rs 64.10 Rs 65.10Question 19 of 20Question 20 of 2020. If the simple interest on a sum of money for 2 years at 5% per annum is Rs.50, what will be the compound interest on same valuesRs.51.75 Rs 51.50 Rs 51.25 Rs 51Question 20 of 20 Loading...