Practice MCQ Questions and Answer on Interest
71.
A sum of money invested at simple interest becomes 17/10 of itself in 2 years and 6 months. What is the rate of interest per annum?
- (A) 22%
- (B) 16%
- (C) 28%
- (D) 34%
72.
A man buys a TV priced at Rs. 16000. He pays Rs. 4000 at once and the rest after 15 months on which he is charges a simple interest at the rate of 12% per year. The total amount he pays for TV is = ?
- (A) Rs. 18200
- (B) Rs. 17200
- (C) Rs. 17800
- (D) Rs. 16800
73.
Rs. 260200 is divided between Ram and Shyam so that the amount that Ram receives in 3 years is the same as that Shyam receives in 6 years. If the interest is compounded annually at the rate of 4% per annum then Ram's share is = ?
- (A) Rs. 12500
- (B) Rs. 137745.02
- (C) Rs. 15200
- (D) Rs. 108200
74.
Find the amount to be received after 2 years 6 months at the rate of 5% p.a. of simple interest on a sum of Rs. 3200.
- (A) Rs. 3800
- (B) Rs. 3500
- (C) Rs. 3600
- (D) Rs. 3900
75.
How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?
- (A) 3.5 years
- (B) 4 years
- (C) 4.5 years
- (D) 5 years
76.
A sum was invested at simple interest at a certain interest for 2 years. It would have fetched Rs. 60 more had it been invested at 2% higher rate. What was the sum?
- (A) Rs. 1500
- (B) Rs. 1300
- (C) Rs. 2500
- (D) Rs. 1000
77.
Sum Rs. 20000 and Rs. 40000 are given on simple interest at the rate of 10% and 15% per annum respectively for three years. What will be the total simple interest?
- (A) Rs. 36000
- (B) Rs. 32000
- (C) Rs. 24000
- (D) Rs. 28000
78.
The simple interest on a certain sum of money at the rate of 5% p.a. for 8 years is Rs. 840. At what rate of interest the same account of interest can be received on the same sum after 5 years?
- (A) 6%
- (B) 8%
- (C) 9%
- (D) 10%
79.
In a certain duration of time, a sum become 2 times itself at the rate of 5% per annum simple interest. What will be the rate of interest if the same sum becomes 5 times itself in the same duration?
- (A) 20%
- (B) 16%
- (C) 10%
- (D) 18%
80.
A man invested $$\frac{{\text{1}}}{{\text{3}}}$$ of his capital at 7%; $$\frac{{\text{1}}}{{\text{4}}}$$ at 8% and the remainder at 10%. If his annual income is Rs. 561, the capital is -
- (A) Rs. 5400
- (B) Rs. 6000
- (C) Rs. 6600
- (D) Rs. 7200