Compound Interest Mcqs

1.

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

A. Rs. 16,500

B. Rs. 16,525.50

C. Rs. 16,537.50

D. Rs. 18,150

Answer & Solution Discuss in Board

2.

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?

A. Rs. 565.25

B. Rs. 635

C. Rs. 662.02

D. Rs. 666.50

Answer & Solution Discuss in Board

3.

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

A. Rs. 9000.30

B. Rs. 9720

C. Rs. 10123.20

D. Rs. 10483.20

Answer & Solution Discuss in Board

4.

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

A. Rs. 8600

B. Rs. 8620

C. Rs. 8800

D. Rs. 8840

E. None of these

Answer & Solution Discuss in Board

5.

Afnan 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?

A. Rs.21.60

B. Rs.24.00

C. Rs.25.20

D. Rs.27.80

E. None of these

Answer & Solution Discuss in Board

6.

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

A. 4 : 3

B. 3 : 2

C. 6 : 5

D. 7 : 6

E. None of these

Answer & Solution Discuss in Board

7.

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.

A. Rs.3502.80

B. Rs.3052.40

C. Rs.3054.8

D. Rs.3052.80

E. None of these

Answer & Solution Discuss in Board

8.

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

A. Rs.140

B. Rs.120

C. Rs.130

D. Rs.110

Answer & Solution Discuss in Board

9.

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.

A. Rs.18000

B. Rs.17000

C. Rs.18500

D. Rs.17500

E. None of these.

Answer & Solution Discuss in Board

10.

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?

A. Rs.7500

B. Rs.7000

C. Rs.8000

D. Rs.6500

E. None of these

Answer & Solution Discuss in Board

Practice MCQ Questions and answers on Compound Interest Mcqs

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

Answer & Solution

2. 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?

Answer & Solution

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

Answer & Solution

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

Answer & Solution

5. Afnan 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?

Answer & Solution

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

Answer & Solution

7. 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.

Answer & Solution

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

Answer & Solution

9. 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.

Answer & Solution

10. 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?

Answer & Solution

Read More Section(Mathematics Quizzes)

1.

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

2.

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?

3.

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

4.

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

5.

Afnan 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?

6.

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

7.

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.

8.

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

9.

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.

10.

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?