DXC Technology Simple and Compound Interest Questions and Answers Quiz-1

Question 1

Time: 00:00:00
What would be the annual interest accrued on a deposit of Rs. 10,000 in a bank that pays 4 % per annum rate of simple interest ?

200

200

400

400

300

300

250

250

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Question 2

Time: 00:00:00
A sum of money amounts to Rs. 28,000 in 2 years at 20 % simple interest per annum. Find the sum.

Rs. 20,000

Rs. 20,000

Rs. 40,000

Rs. 40,000

Rs. 50,000

Rs. 50,000

Rs. 60,000

Rs. 60,000

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Question 3

Time: 00:00:00
A man borrowed a certain sum of money at the rate of 6 % per annum for the first two years , 9% per annum for the next three years, and 14% per annum for the period beyond 5 years. If he pays a total interest of Rs. 22,800 at the end of 9 years, find the amount he borrowed.

Rs. 28,000

Rs. 28,000

Rs. 24,000

Rs. 24,000

Rs. 26,000

Rs. 26,000

Rs. 44,000

Rs. 44,000

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Question 4

Time: 00:00:00
At what annual rate of interest will a sum of money be thrice in 10 years?

20 %

20 %

30 %

30 %

40 %

40 %

50 %

50 %

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Question 5

Time: 00:00:00
The simple interest on a sum of money in 5 years at 12 % per annum is Rs. 400 less than the simple interest accrued on the same sum in 7 years at 10 % per annum. Find the sum.

4000

4000

5000

5000

6000

6000

7000

7000

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Question 6

Time: 00:00:00
 A sum of Rs. 1000 was lent to two people, one at the rate of 5 % and other at the rate of 8 %. If the simple interest after one year is Rs. 62, find the sum lent at each rate.

660

660

600

600

600 and 400

600 and 400

450

450

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Question 7

Time: 00:00:00
Find the compound interest on Rs. 10,000 at 10% per annum for a time period of three and a half years.

Rs. 3975.50

Rs. 3975.50

Rs. 3978.50

Rs. 3978.50

Rs. 3999.50

Rs. 3999.50

Rs. 3980.50

Rs. 3980.50

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Question 8

Time: 00:00:00
If Rs. 5000 amounts to Rs. 5832 in two years compounded annually, find the rate of interest per annum.

8

8

7

7

6

6

5

5

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Question 9

Time: 00:00:00
The difference between the SI and CI on a certain sum of money at 10 % rate of annual interest for 2 years is Rs. 549. Find the sum.

54,900

54,900

54,700

54,700

55,800

55,800

52,300

52,300

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