Simple & Compound Interest- Quiz (Chapter-2) : 100 Key MCQs to Competitive Exam Success

If a sum of money compounded annually becomes 1.44 times of itself in 2 years, then the rate of interest per annum is

The compound interest on a certain sum of money at 5% per annum for 2 years is Rs.246. The simple interest on the same sum for 3 years at 6% per annum is

A sum of money becomes double in 3 years at compound interest compounded annually. At the same rate, in how many years will it become four times of itself ?

The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:

A sum of Rs. 5000 is invested at a compound interest rate of 8% per annum. If the interest is compounded annually, what will be the amount after 3 years?

The basic difference between Simple Interest and Compound interest is that in Simple Interest the ______ remains the same throughout the loan period while in Compound Interest it varies.

What is the sum for a total simple interest of Rs. 4016.25 at the rate of 9% p.a. in 5 years?

A man invested 1/3rd of the sum at 7%, 1/4th at 8% and the remaining at 10% for one year. If the annual interest is 408, then the investment

The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:

A certain sum of money at simple interest amounts to Rs. 1260 in 2 years and to Rs. 1350 in 5 years. The rate percent per annum is?

If a principal amount of Rs. 8000 earns a compound interest of Rs. 1287.20 in 2 years, what is the rate of interest?

Borrowing Rs. 8000 at 6% simple interest for 4 years, what's the total repayment?

If the principal amount is Rs. 10,000, the rate of interest is 6% per annum, and the interest is compounded semi-annually, what will be the amount after 2 years?

What is compound interest?

If an amount of Rs. 3000 is invested at an annual compound interest rate of 12%, how many years will it take for the amount to double?

A sum of money becomes eight times in 3 years, if the rate is compounded annually. In how much time will the same amount at the same compound rate become sixteen times?

Calculate the compound interest on Rs. 9,000 in 2 years when the rate of interest for successive years are 10% and 12% respectively.

The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:

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?

If Rs. 10,000 is invested at 9% per year compounded annually for 3 years, find the compound amount.