Practice MCQ Questions and Answer on Compound Interest
141.
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?
- (A) Rs. 51.25
- (B) Rs. 52
- (C) Rs. 54.25
- (D) Rs. 60
142.
The population of a city in 2014 was 8000000. If in 2015, there is an increment of 8%, in 2016, there is a decrement of 35% and in 2017, there is an increment of 65%, then what is the population of the city at the end of the year 2017?
- (A) 8400278
- (B) 9266400
- (C) 7000000
- (D) 9635535
143.
A sum of money after a period of 2 years becomes Rs. 34,560, and it becomes Rs. 41,472 after a period of three years, being compounded at 'R' rate of interest. What is the value of R?
- (A) 20%
- (B) 12%
- (C) 25%
- (D) 10%
144.
A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is:
- (A) Rs. 120
- (B) Rs. 121
- (C) Rs. 122
- (D) Rs. 123
145.
Kamal took Rs. 6800 as a loan which along with interest is to be repaid in two equal annual installment. If the rate of interest is $$12\frac{1}{2}$$ % compounded annually, then the value of each installment is = ?
- (A) Rs. 8100
- (B) Rs. 4150
- (C) Rs. 4050
- (D) Rs. 4000
146.
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:
- (A) Rs. 1550
- (B) Rs. 1650
- (C) Rs. 1750
- (D) Rs. 2000
147.
The compound interest on a sum of Rs. 5,500 at 15% p.a. for 2 years, when the interest is compounded 8 monthly is:
- (A) Rs. 1,850
- (B) Rs. 1,880
- (C) Rs. 1,820.50
- (D) Rs. 1,773.75
148.
At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years ?
- (A) 6.5%
- (B) 4.5%
- (C) 6%
- (D) 7.5%
149.
There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?
- (A) Rs. 2160
- (B) Rs. 3120
- (C) Rs. 3972
- (D) Rs. 6240
150.
The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Rs. 1. The sum (in Rs.) is:
- (A) 625
- (B) 630
- (C) 640
- (D) 650