Quantitative Aptitude Questions On - Compound Interest - Online Test Part - 3

Compound Interest Online Test Part - 3

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

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Question - 1: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

Show/Hide Answer

Answer = C - Rs. 10123.20
Explanation: No Explanation

Question - 2:On a sum of money, the simple interest for 2 years is Rs. 660,while the compound interest is Rs.696.30,the rate of interest being the same in both the cases. The rate of interest is ?

1. 10%
2. 11%
3. 12%
4. 10.5%

Show/Hide Answer

Answer = B - 11%
Explanation: Difference in C.I and S.I for 2 years = Rs(696.30-660)
=Rs. 36.30.
S.I for one years = Rs330.
S.I on Rs.330 for 1 year =Rs. 36.30
Rate = (100x36.30/330x1)%
=11%.

Question - 3:On what sum of money will the simple interest for 3 years at 8% per annum be half of the compound interest on Rs. 400 for 2 years at 10% per annum ? ?

1. Rs. 125
2. Rs. 150
3. Rs. 175
4. Rs. 200

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Answer = C - Rs. 175
Explanation: No Explanation

Question - 4:At what rate per annum a sum of money becomes double in 5 years? ?

1. 25%
2. 20%
3. 30%
4. 27%

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Answer = B - 20%
Explanation: No Explanation

Question - 5:At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years? ?

1. 6%
2. 6.5%
3. 7%
4. 7.5%

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Answer = A - 6%
Explanation: No Explanation

Question - 6:The difference between simple interest and compound interest on Rs. 1200 for one year at 10% per annum reckoned half yearly is ?

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

Show/Hide Answer

Answer = B - Rs. 3
Explanation:
S.I = Rs.(1200x10x1/100)
Rs.120.
C.I =Rs[(1200x1+5/100)² -1200]
Rs.123.
Difference = Rs.[123-120]
Rs. 3.

Question - 7:The compound interest on a certain sum at 5% per annum for 2 years is Rs. 328. the simple interest for tha sum at the same rate and for the same period will be : ?

1. Rs. 320
2. Rs. 322
3. Rs. 325
4. Rs. 326

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Answer = A - Rs. 320
Explanation: No Explanation

Question - 8:A sum of money becomes triple itself in 16 years. In how many years will it become 5 times at the same rate? ?

1. 15
2. 27
3. 32
4. 30

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Answer = C - 32
Explanation: No Explanation

Question - 9:The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is: ?

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

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Answer = B - 4
Explanation: No Explanation

Question - 10:A sum of money invested at compound interest amounts to Rs. 800 in 3 years and to Rs. 840 in 4 years. The rate of interest per annum is ?

1. 2x1/2%
2. 4%
3. 5%
4. 6x2/3%

Show/Hide Answer

Answer = C - 5%
Explanation: No Explanation

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