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 Multiple Choice QuestionsMultiple Choice Questions

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11.

The difference between compound interest and simple interest on a certain sum of money for 2 years at 5% per annum is ₹ 41/-. What is the sum of money?

  • ₹ 7200

  • ₹ 9600

  • ₹ 16400

  • ₹ 16400

876 Views

12.

A sum of ₹ 2,000/- amounts to ₹ 4,000/- in two years at compound interest. In how many years does the same amount become ₹ 8,000/-?

  • 2

  • 4

  • 6

  • 6

221 Views

13.

The compound interest on Rs. 4000 for 4 years at 10% per annum will be

  • Rs. 1856. 40

  • Rs. 1600

  • Rs . 1856

  • Rs . 1856

440 Views

14.

A sum of money is invested at 20% compound interest (compounded annually). It would fetch Rs. 723 more if interest is compounded half-yearly. The sum is

  • Rs. 15,000

  • Rs. 30,000

  • Rs. 20,000

  • Rs. 20,000

1874 Views

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15.

When Principal = ₹ S, rate of interest  = 2r % p.a., then a person will get after 3 years at compound interest

  • ₹ space fraction numerator 6 Sr over denominator 100 end fraction
  • ₹ space straight S open parentheses 1 plus straight r over 100 close parentheses cubed
  • ₹ space straight S open parentheses 1 plus straight r over 50 close parentheses cubed
  • ₹ space straight S open parentheses 1 plus straight r over 50 close parentheses cubed
282 Views

16.

The sum of money which becomes ₹ 2420 at 10% rate of compound interest after two years is

  • ₹ 2000

  • ₹ 1000

  • ₹ 2500

  • ₹ 2500

368 Views

17.

On a certain principal, the compound interest compounded annually for the second year at 10% per annum is 

  • ₹ 1250

  • ₹ 1000

  • ₹ 1200

  • ₹ 1200

227 Views

18.

The compound interest on a certain sum of money for 2 years at 5% is ₹328, then the sum is

  • ₹ 3000

  • ₹ 3600

  • ₹ 3200

  • ₹ 3400

1217 Views

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19.

A man borrows money at 3% per annum interest payable yearly and lend it immediately at 5% interest (compound) payable half-yearly and thereby gains ₹ 330 at the end of the year. The sum borrowed is

  • ₹ 17000

  • ₹ 16500

  • ₹ 15000

  • ₹ 15000

361 Views

20.

If the compound interest on a sum for 2 years at 12 1 half space straight p. straight a. is ₹ 510, the simple interest on the same sum at the same rate for the same period of time is

  • ₹ 400

  • ₹ 450

  • ₹ 460

  • ₹ 460

223 Views

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