Simple and Compound Interest Quiz-1

Question 1

Time: 00:00:00
The SI on a sum of money is 25%of the principal, and the rate per annum is equal to the number of years. Find the rate percent.

2%

2%

5%

5%

6%

6%

4%

4%

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Question 2

Time: 00:00:00
A certain sum of money amounts to rs 704 in 2 years and rs 800 in 5 years .what was the principal.

614 rs

614 rs

800 rs

800 rs

620 rs

620 rs

640 rs

640 rs

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Question 3

Time: 00:00:00
A certain sum of money triples itself in 8 years in how many years it will become 5 times of itself ?

20 years

20 years

15 years

15 years

16 years

16 years

26 years

26 years

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Question 4

Time: 00:00:00
Rs. 1200 is lent out at 5% per annum simple interest for 3 years. Find the amount after 3 years

1380 rs

1380 rs

1500 rs

1500 rs

1258 rs

1258 rs

1658 rs

1658 rs

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Question 5

Time: 00:00:00
Find the rate of interest if the amount after 2 years of simple interest on a capital of Rs 1200 is Rs  1440

10%

10%

20%

20%

30%

30%

18%

18%

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Question 6

Time: 00:00:00
In what time will Rs 3300  become Rs 3399 at 6% per annum interest compounded half-yearly ?

1 year

1 year

9 months

9 months

3 months

3 months

6 months

6 months

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Question 7

Time: 00:00:00
A sum was invested at simple interest at a certain interest for 2 years. It would have fetched Rs. 60 more had it been invested at 2% higher rate. What was the sum?

Rs. 3000

Rs. 3000

Rs 1500

Rs 1500

Rs. 6000

Rs. 6000

Rs.5750

Rs.5750

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Question 8

Time: 00:00:00
In what amount of time will rs 3000 will give interest 150 rs at 5% per annum

2 year

2 year

5 year

5 year

1 year

1 year

None of these

None of these

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Question 9

Time: 00:00:00
Calculate the simple interest for rs 6400 at 5% per annum for 3 years Simple interest calculated quarterly.

rs 120

rs 120

rs 300

rs 300

rs 240

rs 240

rs 450

rs 450

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Question 10

Time: 00:00:00
Find the compound interest on Rs. 10,000 in 4 years at 8 % per annum, the interest being compounded annually.

Rs 8106.39

Rs 8106.39

Rs. 1596.32

Rs. 1596.32

Rs. 14826.56

Rs. 14826.56

Rs. 11563.99

Rs. 11563.99

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