laboursonline – MCQs, Mock Tests | Aptitude Aptitude Compound Interest Set 1

Find the compound interest and the amount on Rs.8000 at 5% per annum for 3 years when C.I is reckoned yearly?

1. Rs.1261
2. Rs.1440
3. Rs.1185
4. Rs.134

✅ Correct Answer: 1

If Rs.7500 are borrowed at C.I at the rate of 4% per annum, then after 2 years the amount to be paid is?

1. Rs.8082
2. Rs.7800
3. Rs.8100
4. Rs.8112

✅ Correct Answer: 4

Find out the C.I on Rs.5000 at 4% p.a. compound half-yearly for 1 1/2 years.

1. Rs.420.20
2. Rs.319.0
3. . Rs.306.04
4. Rs.294.75

✅ Correct Answer: 3

Rs.8000 become Rs.9261 in a certain interval of time at the rate of 5% per annum of C.I. Find the time?

1. 4 years
2. 6 years
3. 2 years
4. 3 years

✅ Correct Answer: 4

At the end of three years what will be the compound interest at the rate of 10% p.a. on an amount of Rs.20000?

1. Rs.6620
2. Rs.6500
3. Rs.6800
4. Rs.6400

✅ Correct Answer: 1

Find the C.I. on a sum of Rs.1600 for 9 months at 20% per annum, interest being compounded quarterly?

1. Rs.17684
2. Rs.1684
3. Rs.2522
4. Rs.3408

✅ Correct Answer: 3

Simple interest on a sum at 4% per annum for 2 years is Rs.80. The C.I. on the same sum for the same period is?

1. Rs.81.60
2. Rs.160
3. Rs.1081.60
4. Rs.99

✅ Correct Answer: 1

The C.I. on a certain sum for 2 years Rs.41 and the simple interest is Rs.40. What is the rate percent?

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

✅ Correct Answer: 2

The sum of money at compound interest amounts to thrice itself in 3 years. In how many years will it be 9 times itself?

1. 18
2. 12
3. 9
4. 6

✅ Correct Answer: 4

A sum of money place at compound interest doubles itself in 4 years. In how many years will it amount to eight times itself?

1. 16
2. 8
3. 12
4. 20

✅ Correct Answer: 3

A sum of money deposited at C.I. amounts to Rs.2420 in 2 years and to Rs.2662 in 3 years. Find the rate percent?

1. 15%
2. 10%
3. 7 1/2 %
4. 8%

✅ Correct Answer: 2

Find the sum lend at C.I. at 5 p.c per annum will amount to Rs.441 in 2 years?

1. Rs.420
2. Rs.400
3. Rs.375
4. Rs.380

✅ Correct Answer: 2

A property decreases in value every year at the rate of 6 1/4% of its value at the beginning of the year its value at the end of 3 years was Rs.21093. Find its value at the beginning of the first year?

1. Rs.25600.24
2. Rs.32000.50
3. Rs.18060.36
4. Rs.18600

✅ Correct Answer: 1

Find the least number of complete years in which a sum of money put out at 25% compound interest will be more than double of itself?

1. 6 years
2. 1 years
3. 2 years
4. 4 years

✅ Correct Answer: 4

The difference between simple interest and C.I. at the same rate for Rs.5000 for 2 years in Rs.72. The rate of interest is?

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

✅ Correct Answer: 2

The difference between compound and simple interest on a certain sum of money for 3 years at 6 2/3% p.a is Rs.184. Find the sum?

1. Rs.12000
2. Rs.14200
3. Rs.17520
4. Rs.13500

✅ Correct Answer: 4

A sum of money is put out at compound interest for 2 years at 20%. It would fetch Rs.482 more if the interest were payable half-yearly, then it were pay able yearly. Find the sum.

1. Rs.4000
2. Rs.1000
3. Rs.1250
4. Rs.2000

✅ Correct Answer: 4

. A sum of money is put out at compound interest for 2 years at 20%. It would fetch Rs.482 more if the interest were payable half-yearly, then it were pay able yearly. Find the sum.

1. Rs.4000
2. Rs.1000
3. Rs.1250
4. Rs.2000

✅ Correct Answer: 4

A sum of money is put out at compound interest for 2 years at 20%. It would fetch Rs.482 more if the interest were payable half-yearly, then it were pay able yearly. Find the sum.

1. Rs.4000
2. Rs.1000
3. Rs.1250
4. Rs.2000

✅ Correct Answer: 4

Find the sum The difference between the compound and S.I. on a certain sum of money for 2 years at 10% per annum is Rs.15of money?

1. 1500
2. 1800
3. 2100
4. 1950

✅ Correct Answer: 1

Find the sum The difference between the compound and S.I. on a certain sum of money for 2 years at 10% per annum is Rs.15of money?

1. 1500
2. 1800
3. 2100
4. 1950

✅ Correct Answer: 1

The difference between the compound interest compounded annually and simple interest for 2 years at 20% per annum is Rs.144. Find the principal?

1. Rs.3000
2. Rs.3300
3. Rs.3600
4. Rs.3900

✅ Correct Answer: 3

What sum of money put at C.I amounts in 2 years to Rs.8820 and in 3 years to Rs.9261?

1. Rs.8000
2. Rs.8400
3. Rs.7500
4. None of these

✅ Correct Answer: 1

Find the amount on Rs.8000 in 9 months at 20% per annum, if the interest being compounded quarterly?

1. Rs.1261
2. Rs.9261
3. Rs.9621
4. Rs.9162

✅ Correct Answer: 2

Every year an amount increases by 1/8th of itself. How much will it be after two years if its present value is Rs.64000?

1. Rs.81000
2. Rs.80000
3. Rs.75000
4. Rs.64000

✅ Correct Answer: 1

Rajan borrowed Rs.4000 at 5% p.a compound interest. After 2 years, he repaid Rs.2210 and after 2 more year, the balance with interest. What was the total amount that he paid as interest?

1. Rs.635.50
2. Rs.613.50
3. Rs.675.50
4. Rs.653.50

✅ Correct Answer: 1

Indu gave Bindu Rs.1250 on compound interest for 2 years at 4% per annum. How much loss would Indu has suffered had she given it to Bindu for 2 years at 4% per annum simple interest?

1. Rs.10
2. Rs.2
3. Rs.5
4. Rs.3

✅ Correct Answer: 2

In one year, the population, of a village increased by 10% and in the next year, it decreased by 10%. If at the end of 2nd year, the population was 7920, what was it in the beginning?

1. 8500
2. 8000
3. 8100
4. 8400

✅ Correct Answer: 2

How much more would Rs.20000 fetch, after two years, if it is put at 20% p.a. compound interest payable half yearly than if is put at 20% p.a. compound interest payable yearly?

1. Rs.482
2. Rs.424
3. Rs.842
4. Rs.512

✅ Correct Answer: 1

A money lender lends Rs.2000 for six months at 20% p.a. rate. It the interest is reckoned quarterly than find the amount given after time limit.

1. Rs.2205
2. Rs.2200
3. Rs.2160
4. Rs.2040

✅ Correct Answer: 1

A sum amount to Rs.1344 in two years at simple interest. What will be the compound interest on the same sum at the same rate of interest for the same period?

1. Rs.150
2. Rs.140
3. Rs.130
4. Data insufficient for the answer

✅ Correct Answer: 4

The population of a city increases at the rate of 4% p.a. but there is an additional annual increase of 1% in the population due to some job seekers. The percentage increase in the population after 2 years is?

1. 10
2. 11
3. 10.25
4. 10.15

✅ Correct Answer: 3

What amount does Kiran get if he invests Rs.8000 at 10% p.a. compound interest for two years, compounding done annually?

1. Rs.9630
2. Rs.9680
3. Rs.9610
4. None of these

✅ Correct Answer: 4

The compound interest earned by Sunil on a certain amount at the end of two years at the rate of 8% p.a. was Rs.2828.80. Find the total amount that Sunil got back at the end of two years in the form of principal plus interest earned.

1. Rs.18,828.80
2. Rs.19,828.80
3. Rs.18,028.80
4. None of these

✅ Correct Answer: 2

Find the compound interest accrued on an amount of Rs.14,800 at 13.5% p.a at the end of two years. (Round off your answer to nearest integer)

1. Rs.4273
2. Rs.4613
3. Rs.4064
4. Rs.4266

✅ Correct Answer: 4

Raj invested an amount of Rs.17400 for two years. Find the rate of compound interest that will fetch him an amount of Rs.1783.50 at the end of two years?

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

✅ Correct Answer: 4

A sum of Rs.4800 is invested at a compound interest for three years, the rate of interest being 10% p.a., 20% p.a. and 25% p.a. for the 1st, 2nd and the 3rd years respectively. Find the interest received at the end of the three years.

1. Rs.2520
2. Rs.3120
3. Rs.2760
4. None of these

✅ Correct Answer: 2

A man gets a simple interest of Rs.500 on a certain principal at the rate of 5% p.a in two years. Find the compound interest the man will get on twice the principal in two years at the same rate.

1. Rs.500
2. Rs.250
3. Rs.5012.50
4. Rs.5062.50

✅ Correct Answer: 4

The simple interest accrued on an amount of Rs.49500 at he end of three is Rs.17820. What would be the compound interest accured on the same amount at teh same rate in the same period? (Round off your answer to two decimal places)

1. Rs.20043.94
2. Rs.18654.81
3. Rs.20264.46
4. None of these

✅ Correct Answer: 1

A person got Rs.48 more when he invested a certain sum at compound interest instead of simple interest for two years at 8% p.a. Find the sum? Rs.7500

1. Rs.7000
2. Rs.8000
3. Rs.6500
4. None of these

✅ Correct Answer: 1

The compound and the simple interests on a certain sum at the same rate of interest for two years are Rs.11730 and Rs.10200 respectively. Find the sum. Rs.18000

1. Rs.17000
2. Rs.18500
3. Rs.17500
4. None of these.

✅ Correct Answer: 2

What is the difference between the compound interest on Rs.12000 at 20% p.a. for one year when compounded yearly and half yearly?

1. Rs.140
2. Rs.120
3. Rs.130
4. None of these.

✅ Correct Answer: 2

The simple interest on Rs.12000 at a certain rate of interest in five years is Rs.7200. Find the compound interest on the same amount for five years at the same rate of interest.

1. Rs.3502.80
2. Rs.3052.40
3. Rs.3054.8
4. Rs.3052.80

✅ Correct Answer: 4

Ravi invested certain amount for two rates of simple interests at 6% p.a. and 7% p.a. What is the ratio of Ravi's investments if the interests from those investments are equal?

1. 4 : 3
2. 3 : 2
3. 6 : 5
4. 7 : 6

✅ Correct Answer: 4

Siddharth wants to borrow Rs.6000 at rate of interest 6% p.a. at S.I and lend the same amount at C.I at same rate of interest for two years. What would be his income in the above transaction?

1. Rs.21.60
2. Rs.25.20
3. Rs.27.80
4. None of These

✅ Correct Answer: 1

Albert invested Rs. 8000 in a scheme for 2 years at compound interest rate 5% p.a. How much amount will Albert get on maturity of the fixed deposit?

1. Rs. 8600
2. Rs. 8620
3. Rs. 8800
4. None of these

✅ Correct Answer: 4

What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12% p.a.?

1. Rs. 9000.30
2. Rs. 9720
3. Rs. 10123.20
4. Rs. 10483.20

✅ Correct Answer: 3

A man saves Rs. 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years?

1. Rs. 565.25
2. Rs. 635
3. Rs. 662.02
4. Rs. 666.50

✅ Correct Answer: 3

Sam invested Rs. 15000 @ 10% per annum for one year. If the interest is compounded half-yearly, then the amount received by Sam at the end of the year will be?

1. Rs. 16,500
2. Rs. 16,525.50
3. Rs. 16,537.50
4. Rs. 18,150

✅ Correct Answer: 3

A bank offers 5% C.I. 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?

1. Rs. 120
2. Rs. 121
3. Rs. 122
4. Rs. 123

✅ Correct Answer: 2

What is the difference between the C.I. on Rs. 5000 for 1 1/2 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

✅ Correct Answer: 1

Find the C.I. on Rs. 15,625 for 9 months at 16% per annum compounded quarterly?

1. Rs. 1851
2. Rs. 1941
3. Rs. 1951
4. Rs. 1961

✅ Correct Answer: 3

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 sum at the rate and for the same time?

1. Rs. 51.25
2. Rs. 52
3. Rs. 54.25
4. Rs. 60

✅ Correct Answer: 1

What will be the difference between simple and compound interest at 10% per annum on a sum of Rs. 1000 after 4 years?

1. Rs. 31
2. Rs. 32.10
3. Rs. 40.40
4. Rs. 64.10

✅ Correct Answer: 4

The difference between simple 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. 3.75
4. Rs. 4

✅ Correct Answer: 2

The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period(in years) is?

1. 2
2. 2 1/2
3. 3
4. 4

✅ Correct Answer: 1

The principal that amounts to Rs. 4913 in 3 years at 6 1/4 % per annum C.I. compounded annually, is?

1. Rs. 3096
2. Rs. 4076
3. Rs. 4085
4. Rs. 4096

✅ Correct Answer: 4

If the C.I. on a sum for 2 years at 12 1/2 % per annum is Rs. 510, the S.I. on the same sum at the same rate for the same period of time is?

1. Rs. 400
2. Rs. 450
3. Rs. 460
4. Rs. 480

✅ Correct Answer: 4

The S.I. on a certain sum of money for 3 years at 8% per annum is half the C.I. on Rs. 4000 for 2 years at 10% per annum. The sum placed on S.I. is?

1. Rs. 1550
2. Rs. 1650
3. Rs. 1750
4. Rs. 2000

✅ Correct Answer: 1

There is 60% increase in an amount in 6 years at S.I. What will be the C.I. of Rs. 12,000 after 3 years at the same rate?

1. Rs. 2160
2. Rs. 3120
3. Rs. 3972
4. Rs. 6240

✅ Correct Answer: 3