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 . Find the rate percentage per annum for simple interest

8%

8%

13%

13%

2%

2%

5%

5%

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Question 3

Time: 00:00:00
A certain sum of money trebles 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
An automobile financier claims to be lending money at simple interest, but he includes the interest every four months for calculating the principal. If he is charging an interest of 20%, the effective rate of interest becomes:

15.76 %

15.76 %

12.76 %

12.76 %

18.76 %

18.76 %

9.76 %

9.76 %

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Question 5

Time: 00:00:00
What is the difference between the compound interests on Rs. 8050 for $1^{\frac{1}{2}}$ years at 8% per annum compounded yearly and half-yearly?

Rs 1003.04

Rs 1003.04

Rs 997.04

Rs 997.04

Rs 1123.04

Rs 1123.04

Rs 1345.04

Rs 1345.04

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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 for a certain interest for 4 years. It would have fetched rs 120 more, had it been invested at 4% higher rate. What was the sum ?

Rs. 750

Rs. 750

Rs 800

Rs 800

Rs. 850

Rs. 850

Rs.900

Rs.900

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Question 8

Time: 00:00:00
On a certain sum of money, the simple interest for 6 years is Rs 540 at the rate of 6% per annum. If it was invested at compound interest at the same rate for the same duration as before, What more interest would be earned?

107.78

107.78

97.78

97.78

87.78

87.78

None of these

None of these

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Question 9

Time: 00:00:00
There is 50% increase in an amount in 5 years at simple interest. What will be the compound interest of Rs. 20,000 after 4 years at the same rate?

Rs 9021

Rs 9021

Rs 9123

Rs 9123

Rs 9282

Rs 9282

Rs 9354

Rs 9354

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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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