Compound Interest - Aptitude MCQ Questions and Solutions with Explanations Page-13 section-1

121.
The difference between the compound interest and simple interest on Rs. x at 8.5% per annum for 2 years is Rs. 28.90. The value of x is

A. 3500

B. 3800

C. 4000

D. 4500

Answer & Solution Discuss in Board Save for Later

122.
There is a 60% increase in an amount in 5 years at simple interest. What will be the compound interest on Rs. 6,250 for two years at the same rate of interest, when the interest is compounded yearly?

A. Rs. 1,590

B. Rs. 1,560

C. Rs. 1,500

D. Rs. 1,480

Answer & Solution Discuss in Board Save for Later

123.
A loan has to be returned in two equal yearly instalments each of Rs. 44,100. If the rate of interest is 5% p.a., compounded annually, then the total interest paid is:

A. Rs. 5,840

B. Rs. 6,000

C. Rs. 6,200

D. Rs. 6,280

Answer & Solution Discuss in Board Save for Later

124.
Aman borrows Rs. 18,000 and undertakes to pay back with compound interest at a rate of 20% annually in two equal yearly instalments. The amount of each instalment is:

A. Rs. 12,102.74

B. Rs. 12,152.35

C. Rs. 11,781.82

D. Rs. 11,555.32

Answer & Solution Discuss in Board Save for Later

125.
A money lender borrows money at 6% per annum and pays the interest at the end of the year. He lends it at 8% per annum compound interest compounded half-yearly and receives the interest at the end of the year. In this way, he gains Rs. 108 a year. The amount of money he borrows, is:

A. Rs. 5,000

B. Rs. 4,500

C. Rs. 6,000

D. Rs. 5,500

Answer & Solution Discuss in Board Save for Later

126.
A sum amount to Rs. 7,562 in 4 years and to Rs. 8,469.44 in 5 years at a certain rate percent per annum, when the interest is compounded yearly. The rate of interest is:

A. 8%

B. 12%

C. 20%

D. 15%

Answer & Solution Discuss in Board Save for Later

127.
A sum of Rs. 12,000 amounts to Rs. 20,736 in 3 years at a certain rate percent per annum interest compounded annually. What will amount of the same sum to in 2 years at the same rate on compound interest?

A. Rs. 15,640

B. Rs. 17,820

C. Rs. 17,280

D. Rs. 14,520

Answer & Solution Discuss in Board Save for Later

128.
At what percent is the annual compound interest rate taken such that a certain sum amounts to its 16 times in 4 years?

A. 175%

B. 100%

C. 200%

D. 75%

Answer & Solution Discuss in Board Save for Later

129.
A sum of Rs. 10,500 amounts to Rs. 13,650 in 2 years a certain rate percent annum simple interest. The same sum will amount to what in 1 year at the same rate, if the interest in compounded half yearly (nearest to Rs. 1)

A. Rs. 12,124

B. Rs. 12,134

C. Rs. 12,143

D. Rs. 12,314

Answer & Solution Discuss in Board Save for Later

130.
A person borrowed some money on compound interest and returned it in 3 equal annual instalments. If the rate of interest is 15% per annum and the annual instalment is Rs. 12,167, then find the sum borrowed.

A. Rs. 27,780

B. Rs. 28,530

C. Rs. 25,780

D. Rs. 26,970

Answer & Solution Discuss in Board Save for Later

Compound Interest - Aptitude MCQ Questions and Solutions with Explanations

121. The difference between the compound interest and simple interest on Rs. x at 8.5% per annum for 2 years is Rs. 28.90. The value of x is

Answer & Solution

122. There is a 60% increase in an amount in 5 years at simple interest. What will be the compound interest on Rs. 6,250 for two years at the same rate of interest, when the interest is compounded yearly?

Answer & Solution

123. A loan has to be returned in two equal yearly instalments each of Rs. 44,100. If the rate of interest is 5% p.a., compounded annually, then the total interest paid is:

Answer & Solution

124. Aman borrows Rs. 18,000 and undertakes to pay back with compound interest at a rate of 20% annually in two equal yearly instalments. The amount of each instalment is:

Answer & Solution

125. A money lender borrows money at 6% per annum and pays the interest at the end of the year. He lends it at 8% per annum compound interest compounded half-yearly and receives the interest at the end of the year. In this way, he gains Rs. 108 a year. The amount of money he borrows, is:

Answer & Solution

126. A sum amount to Rs. 7,562 in 4 years and to Rs. 8,469.44 in 5 years at a certain rate percent per annum, when the interest is compounded yearly. The rate of interest is:

Answer & Solution

127. A sum of Rs. 12,000 amounts to Rs. 20,736 in 3 years at a certain rate percent per annum interest compounded annually. What will amount of the same sum to in 2 years at the same rate on compound interest?

Answer & Solution

128. At what percent is the annual compound interest rate taken such that a certain sum amounts to its 16 times in 4 years?

Answer & Solution

129. A sum of Rs. 10,500 amounts to Rs. 13,650 in 2 years a certain rate percent annum simple interest. The same sum will amount to what in 1 year at the same rate, if the interest in compounded half yearly (nearest to Rs. 1)

Answer & Solution

130. A person borrowed some money on compound interest and returned it in 3 equal annual instalments. If the rate of interest is 15% per annum and the annual instalment is Rs. 12,167, then find the sum borrowed.

Answer & Solution

Read More Section(Compound Interest)

121.
The difference between the compound interest and simple interest on Rs. x at 8.5% per annum for 2 years is Rs. 28.90. The value of x is

122.
There is a 60% increase in an amount in 5 years at simple interest. What will be the compound interest on Rs. 6,250 for two years at the same rate of interest, when the interest is compounded yearly?

123.
A loan has to be returned in two equal yearly instalments each of Rs. 44,100. If the rate of interest is 5% p.a., compounded annually, then the total interest paid is:

124.
Aman borrows Rs. 18,000 and undertakes to pay back with compound interest at a rate of 20% annually in two equal yearly instalments. The amount of each instalment is:

125.
A money lender borrows money at 6% per annum and pays the interest at the end of the year. He lends it at 8% per annum compound interest compounded half-yearly and receives the interest at the end of the year. In this way, he gains Rs. 108 a year. The amount of money he borrows, is:

126.
A sum amount to Rs. 7,562 in 4 years and to Rs. 8,469.44 in 5 years at a certain rate percent per annum, when the interest is compounded yearly. The rate of interest is:

127.
A sum of Rs. 12,000 amounts to Rs. 20,736 in 3 years at a certain rate percent per annum interest compounded annually. What will amount of the same sum to in 2 years at the same rate on compound interest?

128.
At what percent is the annual compound interest rate taken such that a certain sum amounts to its 16 times in 4 years?

129.
A sum of Rs. 10,500 amounts to Rs. 13,650 in 2 years a certain rate percent annum simple interest. The same sum will amount to what in 1 year at the same rate, if the interest in compounded half yearly (nearest to Rs. 1)

130.
A person borrowed some money on compound interest and returned it in 3 equal annual instalments. If the rate of interest is 15% per annum and the annual instalment is Rs. 12,167, then find the sum borrowed.