laboursonline – MCQs, Mock Tests | Aptitude Aptitude Compound Interest Set 2

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?

1. 626
2. 630
3. 640
4. 650

✅ Correct Answer: 1

On a sum of money, the S.I. for 2 years is Rs. 660, while the C.I. is Rs. 696.30, the rate of interest being the same in both the cases. The rate of interest is?

1. 10%
2. 10.5%
3. 12%
4. None of these

✅ Correct Answer: 4

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is?

1. 6.06%
2. 6.07%
3. 6.08%
4. 6.09%

✅ Correct Answer: 4

A sum of money placed at C.I. interest doubles itself in 5 years. It will amount to eight times itself at the same rate of interest in?

1. 7 years
2. 10 years
3. 15 years
4. 20 years

✅ Correct Answer: 3

The least number of complete years in which a sum of money put out at 20% C.I. will be more than doubled is?

1. 3
2. 4
3. 5
4. 6

✅ Correct Answer: 2

What annual payment will discharge a debt of Rs. 1025 due in 2 years at the rate of 5% compound interest?

1. Rs. 550
2. Rs. 551.25
3. Rs. 560
4. Rs. 560.75

✅ Correct Answer: 2

A sum of money is borrowed and paid back in two annual installments of Rs. 882 each allowing 5% C.I. The sum borrowed was?

1. Rs. 1620
2. Rs. 1640
3. Rs. 1680
4. Rs. 1700

✅ Correct Answer: 2

The difference between C.I. and S.I. on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?

1. 8
2. 10
3. 12
4. Cannot be determined

✅ Correct Answer: 1

If Rs. 7500 are borrowed at C. I at the rate of 4 % per annum then after 2 years, the amount to be paid is?

1. Rs. 8082
2. Rs. 7800
3. Rs. 8100
4. Rs. 8112

✅ Correct Answer: 4

Simple Interest on a sum at 4% per annum for 2 years is 80. The compound interest on the same sum for the same period is?

1. Rs. 81.60
2. Rs. 160
3. Rs. 1081.60
4. None of these

✅ Correct Answer: 1

Rs. 800 at 5 % Per annum compound interest will amount to Rs. 882 in?

1. 1 Years
2. 2 Years
3. 3 Years
4. 4 Years

✅ Correct Answer: 2

What is the principle amount which earns Rs.132 as compound interest for the second year at 10 % per annum?

1. Rs. 1000
2. Rs. 1200
3. Rs. 1320
4. None of these

✅ Correct Answer: 2

The difference between the compound interest and the simple interest on a certain sum at 5 % per annum for 2 years is Rs. 1.50. The sum is?

1. Rs.600
2. Rs.500
3. Rs.400
4. Rs.300

✅ Correct Answer: 1

The compound interest on a certain sum of money for 2 years at 10 % per annum is Rs.420. The simple interest on the same sum at the same rate and for the same time will be?

1. Rs.350
2. Rs.375
3. Rs. 380
4. Rs. 400

✅ Correct Answer: 4

The compound interest on a certain sum of money for 2 years at 10 % per annum is Rs.420. The simple interest on the same sum at the same rate and for the same time will be?

1. Rs.350
2. Rs.375
3. Rs. 380
4. Rs. 400

✅ Correct Answer: 4

The difference between simple interest and compound interest at the same rate for Rs.5000 for 2 years is Rs. 72. The rate of interest is?

1. 10 %
2. 12 %
3. 6 %
4. 8 %

✅ Correct Answer: 2

A sum of money amounts to Rs. 10648 in 3years and Rs. 9680 in 2 years. The rate of interest is?

1. 5 %
2. 10 %
3. 15 %
4. 20 %

✅ Correct Answer: 2

A sum amounts to Rs. 2916 in 2 years and to Rs.3149.28 in 3 years at compound Interest. The sum is?

1. Rs.1500
2. . Rs.2000
3. Rs.2500
4. Rs.3000

✅ Correct Answer: 3

A sum of money becomes Rs.6690 after three years and Rs.10.035 after six years on compound interest. The sum is?

1. Rs.4400
2. Rs.4445
3. Rs.4460
4. Rs.4520

✅ Correct Answer: 3

The difference between the simple interest and the compound interest on Rs 5000 at 10% P.a for 3 years is:

1. Rs 145
2. Rs 150
3. Rs180
4. None of these

✅ Correct Answer: 4

The difference between compound interest and simple interest on Rs 8000 at 5% P.a for 3 years is

1. Rs 50
2. Rs 60
3. Rs 61
4. Rs 600

✅ Correct Answer: 3

A deposited Rs 6000 in a bank at 5% Per annum simple interest. B deposited Rs 5000 at 8% P.a Compound interest. After 2 years the difference between their interest will be:

1. Rs 230
2. Rs 232
3. Rs 600
4. Rs 832

✅ Correct Answer: 2

What will be the compound interest on Rs 25000 after 3 years at 12% Per annum?

1. Rs 9000.30
2. Rs 9720
3. Rs 10123.20
4. None of these

✅ Correct Answer: 4

How much would a sum of Rs 16000 approximately amount to in 2 years at 10% P.a compounded half-yearly?

1. Rs 17423
2. Rs 18973
3. Rs 19448
4. Rs 19880

✅ Correct Answer: 3

The Compound interest on Rs 16000 for 9 months at 20% P.a compounded quarterly is:

1. Rs 2518
2. Rs 2520
3. Rs 2522
4. Rs 2524

✅ Correct Answer: 3

If the interest is payable annually than the principal on which the compound interest for 3 years at 10% P.a is Rs 33/- is given by:

1. Rs 900
2. Rs 1000
3. Rs 1050
4. Rs 1100

✅ Correct Answer: 2