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Mathematics

Interest MCQs

Practice Interest MCQs for competitive exams.

Interest MCQs

Practice questions from this topic.

A sum of Rs. 50,250 is divided into two parts such that he simple interest on the first part for $$7frac{1}{2}$$ years at $$8frac{1}{3}% $$ p.a. $$frac{5}{2}$$ is times the simple interest on the second part for $$5frac{1}{4}$$ years at 8% p.a. What is the difference (in Rs.) between the two parts?

  1. A. 12,750
  2. B. 12,570
  3. C. 15,270
  4. D. 10,275
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Find the simple interest on Rs. 2,700 for 8 months at 5 paisa per rupee per month?

  1. A. Rs. 950
  2. B. Rs. 720
  3. C. Rs. 540
  4. D. Rs. 1,080
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A sum lent out at simple interest amounts to Rs. 6,076 in 1 year and Rs. 7,504 in 4 years. The sum and the rate of interest p.a. are respectively:

  1. A. Rs. 5,600 and 9%
  2. B. Rs. 5,600 and 8.5%
  3. C. Rs. 5,400 and 9%
  4. D. Rs. 5,400 and 10%
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Sum Rs. 20000 and Rs. 40000 are given on simple interest at the rate of 10% and 15% per annum respectively for three years. What will be the total simple interest?

  1. A. Rs. 36000
  2. B. Rs. 32000
  3. C. Rs. 24000
  4. D. Rs. 28000
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A sum of money at simple interest amounts of Rs. 6,000 in 4 years and to Rs. 6,750 in 7 years at the same rate percent p.a. of interest. The sum (in Rs.) is:

  1. A. 5,100
  2. B. 4,800
  3. C. 4,000
  4. D. 5,000
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A sum of Rs. 10 is lent by a child to his friend to be returned in 11 monthly instalment a of Rs. 1 each, the interest being simple. The rate of interest is:

  1. A. $$11frac{9}{{11}}% $$
  2. B. $$21frac{9}{{11}}% $$
  3. C. $$10frac{2}{{11}}% $$
  4. D. $$9frac{1}{{11}}% $$
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In how much time will the simple interest on a certain sum of money be $$frac{6}{5}$$ times of the sum of 20% per annum?

  1. A. 7 years
  2. B. 8 years
  3. C. 5 years
  4. D. 6 years
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A sum amounts to Rs. 14,395.20 at 9.25% p.a. simple interest in 5.4 years. What will be the simple interest on the same sum at 8.6% p.a. in 4.5 years?

  1. A. Rs. 3,715.20
  2. B. Rs. 3,627
  3. C. Rs. 3,797.76
  4. D. Rs. 3,672
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What will be the simple interest on a sum of Rs. 12000 at the rate of 15% per annum of three years?

  1. A. Rs. 5400
  2. B. Rs. 6000
  3. C. Rs. 7200
  4. D. Rs. 4500
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A sum of money invested at simple interest becomes 17/10 of itself in 2 years and 6 months. What is the rate of interest per annum?

  1. A. 22%
  2. B. 16%
  3. C. 28%
  4. D. 34%
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Damani purchased an item costing Rs. 7,500 and paid Rs. 3,500 as a down payment for the same. If the simple interest charged for the remaining amount is 9% per annum and Damani cleared all dues after 4 months of the purchase, how much did Damani pay after 4 months as interest?

  1. A. Rs. 120
  2. B. Rs. 100
  3. C. Rs. 132
  4. D. Rs. 125
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An amount of Rs. 12,000 was borrowed at some rate of simple interest. After four months, Rs. 6,000 more were added to it and the rate of interest on the total principal was doubled from the previous rate. At the end of the year, Rs. 2,800 was paid as interest, calculate the rate of interest initially charged?

  1. A. 14%
  2. B. 16%
  3. C. 12%
  4. D. 10%
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