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Mathematics

Compound Interest MCQs

Practice Compound Interest MCQs for competitive exams.

Compound Interest MCQs

Practice questions from this topic.

A certain loan was returned in two equal half yearly installments each of Rs. 6760. If the rate of interest was 8% p.a. compounded yearly, how much was the interest paid on the loan?

  1. A. Rs. 790
  2. B. Rs. 770
  3. C. Rs. 750
  4. D. Rs. 810
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The compound interest on a certain sum in 2(1)/(2) years at 10% p.a., interest compounded yearly, is Rs. 1,623. The sum is:

  1. A. Rs. 5,000
  2. B. Rs. 6,000
  3. C. Rs. 6,500
  4. D. Rs. 7,200
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What will be the simple to compound interest (compounded annually) ratio on two identical funds put in a bank at an interest rate of 8% (per annum) for three years?

  1. A. 3 : 5
  2. B. 1875 : 2029
  3. C. 3 : 4
  4. D. 243 : 342
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A certain sum amount to Rs. 15,500 in 2 years at 12% p.a. simple interest. The same sum will amount to what in 1(1)/(2) years at 10% p.a., if the interest is compounded half yearly (nearest to Rs. 1)?

  1. A. Rs. 14,470
  2. B. Rs. 15,125
  3. C. Rs. 14,360
  4. D. Rs. 13,460
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Richa took a loan of Rs. 1,20,000 for 1 year at 20% per annum, compounded quarterly. The amount that Richa has to pay after 1 year is:

  1. A. Rs. 1,45,861.75
  2. B. Rs. 1,45,860.75
  3. C. Rs. 1,45,863.75
  4. D. Rs. 1,45,862.75
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What is the compound interest on Rs. 5,000 for 2 years at 10%, per annum, compounded half-yearly?

  1. A. Rs. 1,025.00
  2. B. Rs. 2,320.50
  3. C. Rs. 1,050.00
  4. D. Rs. 1,077.50
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Ramesh borrowed Rs. 1,20,000 interest free from Aman. If he pays back at 6.25% of this amount quarterly and has already paid Rs. 30,000, then for how many months does he need to pay back his loan for the rest of the amount?

  1. A. 36 months
  2. B. 24 months
  3. C. 42 months
  4. D. 38 months
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Surekha borrowed a sum of money and returned it in two equal instalments of Rs. 5,547 each. If the rate of interest was 7(1)/(2)% p.a. compounded yearly, then the total interest paid by her was:

  1. A. Rs. 1,144
  2. B. Rs. 1,096
  3. C. Rs. 1,126
  4. D. Rs. 1,134
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Rahul invested equal sums of money at compound interest under two schemes A and B. Under scheme A, the interest rate was 10% per annum and under scheme B, the interest rate was 12% per annum. The compound interest after two years on the sum invested in scheme A was Rs. 1,050. How much is the interest earned under scheme B after two years, if the interest is compounded annually in both schemes?

  1. A. Rs. 1,722
  2. B. Rs. 1,270
  3. C. Rs. 1,272
  4. D. Rs. 1,372
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A sum of Rs. x was borrowed and paid back in two equal yearly instalments, each of Rs. 35,280. If the rate of interest was 5%, compounded annually, then the value of x is:

  1. A. 64,400
  2. B. 65,600
  3. C. 64,800
  4. D. 65,400
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If the difference between the compound interest and simple at 17% on a sum money for 2 years (compounded annually) is Rs. 433.50, then the compounded interest (in Rs.) is:

  1. A. 2,500
  2. B. 2,735.50
  3. C. 5,533.50
  4. D. 5,100
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The difference between the compound interest on a sum of Rs. 8,000 for 1 year at the rate of 10% per annum, interest compounded yearly and half yearly is:

  1. A. Rs. 20
  2. B. Rs. 40
  3. C. Rs. 30
  4. D. Rs. 10
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