Simple and Compound Interest MCQs with Answer - Exercise IV

Ques 1 Simple and Compound


Find the simple interest on Rs 3000 at 25/4% per annum for the period from 4th Feb, 2005 to 18th April, 2005.

A Rs 45.70
B Rs 34.65
C Rs 38.50
D Rs 37.50

Ques 2 Simple and Compound


A sum at the simple interest at 27/2% % per annum amounts to Rs 2502.50 after 4 years. find the sum?

A Rs. 1345
B Rs. 1625
C Rs. 2502
D Rs. 1825

Ques 3 Simple and Compound


Arun lends Rs. 20,000 to two of his friends. He gives Rs. 12,000 to the first at 8% p.a. simple interest. Arun wants to make a profit of 10% on the whole. The simple interest rate at which he should lend the remaining sum of money to the second friend is.

A 8%
B 16%
C 12%
D 13%

Ques 4 Simple and Compound


An amount of money at compound interest grows up to Rs. 3,840 in 4 years and up to Rs. 3,936 in 5 years. Find the rate of interest.

A 2.5%
B 2%
C 3.5%
D 2.05%

Ques 5 Simple and Compound


A sum of money doubles itself in 7 years at simple interest. In how much time will it become 5 times of itself?

A 21 years
B 25 years
C 28 years
D 23 years