Simple and Compound Interest MCQs with Answer - Exercise II

Ques 1 Simple and Compound

At what rate percent per annum will a sum of money double in 16 years ?

A 6(1/4)% p.a
B 2(3/5)% p.a
C 3(2/7)% p.a
D 5(3/7)% p.a

Ques 2 Simple and Compound

A certain sum of money beRs. 12,000 is divided into two parts so that the simple interest on the first part for 3 years at 12% per annum may be equal to the simple interest on the second part for 4(1/2) years at 16% per annum. The ratio of the first part to the second part is.

A 2 : 1
B 1 : 2
C 2 : 3
D 3 : 2

Ques 3 Simple and Compound

A sum of money doubles itself in 10 years at simple interest.Then what is the rate of interest?

A 12%
B 20%
C 10%
D 15%

Ques 4 Simple and Compound

A lent Rs. 600 to B for 2 years and Rs.150 to C for 4 years, and received altogether Rs.90 from both as simple interest. Find the rate of interest.

A 4%
B 5%
C 6%
D 7%

Ques 5 Simple and Compound

A certain sum of money becomes doubles of itself in 6 years of SI. In what time (in Years) it will be 10 times itself?

A 40
B 46
C 54
D 60

Ques 6 Simple and Compound

A certain sum of money becomes 8 times of itself in 3 years of SI.find in how much time it will be 64 times (in years) itself.

A 25
B 26
C 27
D 28