Online Quantitative Aptitude On - Compound Interest - Online Test Part - 5

Compound Interest Online Test Part - 5

Exam Name - Quantitative Aptitude
Subject Name - Compound Interest
Exam Type - Multiple Choice Questions
No Of Questions - 10

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Question - 1:A sum of money at compound interest amounts to thrice itself in 3 years. in how many years will it be 9 times itself??

1. 12
2. 9
3. 6
4. 8

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Answer = C - ^
Explanation: No Explanation

Question - 2: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? ?

1. Rs. 51.25
2. Rs. 52
3. Rs. 54.25
4. Rs. 60

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Answer = A - Rs. 51.25
Explanation: No Explanation

Question - 3: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? ?

1. Rs.9000.30
2. Rs. 9720
3. Rs. 10123.20
4. Rs. 10483.20

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Answer = C - Rs. 10123.20
Explanation: No Explanation

Question - 4:The present worth Rs. 169 due in 2 years at 4% per annum compound interest is : ?

1. Rs. 150.50
2. Rs. 154.75
3. Rs. 158
4. Rs. 156.25

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Answer = D - Rs. 156.25
Explanation: No Explanation

Question - 5:The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is: ?

1. Rs. 2.50
2. Rs. 3
3. Rs. 3.75
4. Rs. 3.75

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Answer = B - Rs. 3
Explanation: No Explanation

Question - 6:The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is ?

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

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Answer = A - 2
Explanation: No Explanation

Question - 7:To find out the total compound interest accrued on a sum of money after 5 years, which of the following informations given in the statements A and B is/are sufficient ?

A : the rate of interest was 6% per annum
B : The total simple interest on the same amount after 5 years at the same rate will be Rs. 600 ?

1. only A is suficient
2. Either A and B is sufficient
3. Both A and B together are needed
4. only B is sufficient

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Answer = C - Both A and B together are needed
Explanation: No Explanation

Question - 8: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? ?

1. 8
2. 9
3. 10
4. 12

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Answer = A - 8
Explanation: No Explanation

Question - 9:To find out the total compound interest accured on a sum of money after 5 years, which of the following informations given in the statements P and Q will be sufficient ?

P : The sum was Rs. 20000.
Q : The total amount of simple interest on the sum after 5 years was Rs. 4000?

1. only P is sufficient
2. Only Q is sufficient
3. Either P or Q is sufficient
4. Both P & Q are needed

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Answer = D - Both P & Q are needed
Explanation: No Explanation

Question - 10: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: ?

1. Rs. 400
2. Rs. 500
3. Rs. 600
4. Rs. 800

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Answer = B - Rs. 500
Explanation: No Explanation

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