Quantitative Aptitude MCQ On - Compound Interest - Online Test Part - 2

Compound Interest Online Test Part - 2

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

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Question - 1:If the difference between the compound interest, compounded half yearly and the simple interest on a sum at 10% per annum for one year is rs. 25, the sum is :?

1. Rs 9000
2. Rs. 9500
3. Rs. 10000
4. Rs. 10500

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Answer = C - Rs. 10000
Explanation: No Explanation

Question - 2:In what time will the S.I. on Rs.1600 at 4% is 256? ?

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

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Answer = B - 4 Years
Explanation: No Explanation

Question - 3:What is the difference between the compound interests on Rs. 5000 for 1 years at 4% per annum compounded yearly and half-yearly? ?

1. Rs. 2.04
2. Rs. 3.06
3. Rs. 4.80
4. Rs. 8.30

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Answer = A - Rs. 2.04
Explanation: No Explanation

Question - 4: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 ? ?

1. Rs. 8600
2. Rs. 8620
3. Rs. 8840
4. Rs. 8820

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Answer = D - Rs. 8820
Explanation: Amount =Rs.[8000x(1+5/100)²]
= Rs.
[8000 x 21/20x21/20]
= Rs.8820.

Question - 5:The difference in compound interest and simple interest on a certain amount at 10% per annum at the end of the third year is Rs. 620. What is the principal amount ? ?

1. Rs. 40000
2. Rs. 120000
3. Rs. 20000
4. Rs. 10000

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Answer = C - Rs. 20000
Explanation: No Explanation

Question - 6:At what rate per annum will the S.I. on Rs.8000 for 2 years is 960? ?

1. 5%
2. 4%
3. 6%
4. 8%

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Answer = C - 6%
Explanation: No Explanation

Question - 7: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 - 8:The present worth of Rs.169 due in 2 years at 4% per annum compound interest is ?

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

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Answer = C - Rs.156.25
Explanation: No Explanation

Question - 9:A man borrowed Rs. 800 at 10% per annum simple interest and immediately lent the whole sum at 10% per annum compound interest. What does he gain at the end of 2 years ? ?

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

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Answer = Option B
Explanation: No Explanation

Question - 10:Anand borrowed a sum of Rs.6000 at the rate of 6% p.a. Find the amount to be paid by him at the end of 6 years. ?

1. Rs.8016
2. Rs.8106
3. Rs.8601
4. Rs.8160

Show/Hide Answer

Answer = D - Rs.8160
Explanation: No Explanation

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