Simple Interest & Compound Interest MCQ 2


20 Questions MCQ Test UPSC Prelims Paper 2 CSAT - Quant, Verbal & Decision Making | Simple Interest & Compound Interest MCQ 2


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This mock test of Simple Interest & Compound Interest MCQ 2 for Quant helps you for every Quant entrance exam. This contains 20 Multiple Choice Questions for Quant Simple Interest & Compound Interest MCQ 2 (mcq) to study with solutions a complete question bank. The solved questions answers in this Simple Interest & Compound Interest MCQ 2 quiz give you a good mix of easy questions and tough questions. Quant students definitely take this Simple Interest & Compound Interest MCQ 2 exercise for a better result in the exam. You can find other Simple Interest & Compound Interest MCQ 2 extra questions, long questions & short questions for Quant on EduRev as well by searching above.
QUESTION: 1

The simple interest accrued on a sum of certain principal is Rs. 6500/- in eight years at the rate of 13 p.c.p.a. What would be the compound interest accrued on that principal at the rate of 8 p.c.p.a. in 2 years?

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QUESTION: 2

The compound interest accrued on an amount of the end of two years @ 12 p.c.p.a. is Rs. 2862/- What is the amount?

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QUESTION: 3

The simple interest accrued on a sum of certain principal is Rs. 7,200/- in six years at the rate of 12 p.c.p.awhat would be the compound interest accrued on that principal at the rate of 5 p.c.p.a. in 2 years.

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QUESTION: 4

The simple interest accrued on a sum of certain capital principal is Rs. 6400/- in four years at the rate of 8 p.c.p.a. what would be the compound interest accrued on that principal at the rate of 2 p.c.p.a. in 2 years?

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QUESTION: 5

The simple interest accrued on an amount of Rs. 22,500/- at the end of four years is Rs. 10,800/-. What would be the compound interest accrued on the same amount at the same rate at the end of two years?

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QUESTION: 6

The simple interest accrued on an amount of Rs. 45000/- after 2 years at a certain rate of interest is 13500/-. What will be the compound interest accrued on the same amount in the same number years at the same rate of interest?

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QUESTION: 7

The simple interest accrued on a sum of certain principal is Rs. 2000/- in five years at the rate of 4 p.c.p.a. what would be the compound interest accrued on same principal at same rate in two years?

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QUESTION: 8

Ravi borrowed some money at the rate of 4 pcpa for the first three years, at the rate of 8 pcpa for the next two years and at the rate of 9 pcpa for the period beyond 5 years. If he pays a total simple interest of Rs. 19550 at the end of 7 years, how much money did he borrow?

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QUESTION: 9

A sum was put at simple interest at a certain rate for 5 years. had it been put at 5% higher rate, it would have fetched Rs. 500 more. What is the sum?

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QUESTION: 10

What is the difference between the compound interest and the simple interest for the sum Rs. 16000 at 5% p.a. for 2 years?

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QUESTION: 11

A sum of money triples itself in 3 years at a simple interest. In how many years will it multiply five times?

Solution:

For 3 yrs
SI = P*R*T/100
3P-P = P*R*3/100
2P = 3P*R/100
R = 200/3

Money will become 5 times
5P - P = (P*200/3*T)/100
4P = (2/3P)T
T = 6

Money will become five times in 6 years.

QUESTION: 12

A sum of money triples itself in 3 years at a simple interest. In how many years will it multiply five times?

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QUESTION: 13

An amount of money grows upto Rs. 4000 in 2 years and up to Rs. 8000 in 3 years on compound interest. What is the sum?

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QUESTION: 14

A man borrows Rs. 4000 and pays back after 5 years at 15% simple interest. The amount paid by the man is: 

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QUESTION: 15

What is the time period for which Rs. 8000 amounts to Rs. 12000 at 20% p.a. of simple interest?

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QUESTION: 16

What is the rate of simple interest at which Rs. 14,000 gives interest of Rs. 1960 in two years?

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QUESTION: 17

What is the sum of amount which gives Rs. 6300 as interest @ 7% per annum of simple interest in 7*1/2years?

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QUESTION: 18

If the rate of simple interest is 12% per annum, the amount that would fetch interest of Rs. 6000 per annum is:

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QUESTION: 19

A sum was put at simple interest at a certain rate for 2 years. Had it been put at 4% higher rate, it would have fetched Rs. 112 more. The sum is:

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QUESTION: 20

In what time will a sum of money double itself @ 20% per annum (p.a.) simple interest?

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