Simple and Compound Interest MCQs with Answer - Exercise V

Ques 1 Simple and Compound


A sum of Rs, 800 amounts to Rs. 920 in 3 years at simple interest. If the interest rate is increased by 3%, it would amount to how much?

A Rs.652
B Rs.752
C Rs.992
D Rs. 562

Ques 2 Simple and Compound


Geeta borrowed some money at the rate of 6% p.a for the first two years, at the rate of 9% p.a for the next three years, and at the rate of 14% p.a for the period beyond five years. If she pays a total interest of Rs.11400 at the end of nine years, how much did she boorrow?

A Rs 10,000
B Rs 11,000
C Rs 12,000
D Rs 14,000

Ques 3 Simple and Compound


A certain sum of money amounts to Rs. 1008 in 2 years and to Rs. 1164 in 7/2 years. Find the sum and the rate of interest.

A 13%
B 14%
C 15%
D 16%

Ques 4 Simple and Compound


Given that a principal amounts to 10080 at 10% p.a simple interest after two years what is the compound interest for two years on this principal at the same rate?

A 10164
B 1764
C 1640
D 3764

Ques 5 Simple and Compound


A sum of money at compound interest, compounded half-yearly becomes 676/625 times of itself in one year. The rate of interest per annum is.

A 4%
B 8%
C 10%
D 6%