Practice MCQ Questions and answers on Compound Interest Mcqs

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Compound Interest Mcqs

1.

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

A. 16

B. 8

C. 12

D. 20

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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?

A. 18

B. 12

C. 9

D. 6

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3.

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

A. 4%

B. 5%

C. 6%

D. 8%

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4.

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_______?

A. Rs.81.60

B. Rs.160

C. Rs.1081.60

D. Rs.99

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5.

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

A. Rs.17684

B. Rs.1684

C. Rs.2522

D. Rs.3408

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6.

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?

A. Rs.6620

B. Rs.6500

C. Rs.6800

D. Rs.6400

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7.

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

A. 4 years

B. 6 years

C. 2 years

D. 3 years

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8.

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

A. Rs.420.20

B. Rs.319.06

C. Rs.306.04

D. Rs.294.75

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9.

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_______?

A. Rs.8082

B. Rs.7800

C. Rs.8100

D. Rs.8112

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10.

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

A. Rs.1261

B. Rs.1440

C. Rs.1185

D. Rs.1346

Answer & Solution Discuss in Board

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