What is the rate of compound interest? I. The principal was invested for 4 years. II. The earned interest was Rs. 1491.
Correct answer B. II alone sufficient while I alone not sufficient to answer
Topic / 71 questions
Compound Interest MCQs
Page 4 of Compound Interest multiple-choice questions with answers. Tap an option to check yourself.
Page 4 of 4
- Numbers 104
- Percentage 103
- Age Questions 95
- Profit and Loss 82
- Ratio and Proportion 80
- Time and Work 73
- Alligation or Mixture 73
- Fraction and Decimal 72
- Compound Interest 71
- Simple Interest 69
- Area 64
- Volume and Surface Area 64
- Equations and Inequalities 64
- Time and Distance 64
- Simplification 60
- Permutation and Combination 59
- Average 59
- Basic Algebra 58
- Pipes and Cistern 57
- Partnership 56
- Square Root and Cube Root 51
- Problems on Numbers 47
- Probability 45
- Problems on Trains 44
- Odd Man Out and Series 43
- Surds and Indices 43
- Clock 39
- Races and Games 38
- Height and Distance 37
- True Discount 36
- Stocks and Shares 34
- Boats and Streams 34
- Banker's Discount 32
- Counting 32
- Logarithm 30
- Problems on H.C.F and L.C.M 30
- Calendar 30
- Road Problems 26
- Word Problems 25
- Men and Food 24
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:
Correct answer B. Rs. 500
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?
Correct answer A. 8
Advertisement
The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:
Correct answer B. Rs. 3
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?
Correct answer A. Rs. 51.25
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:
Correct answer C. Rs. 1750
The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:
Correct answer D. 6.09%
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?
Correct answer C. Rs. 8820
The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:
Correct answer B. 4
Advertisement
At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?
Correct answer A. 6%
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.?
Correct answer C. Rs. 10123.20