Simple and Compound Interest CUET General Test MCQs

Question: If a sum of money at simple interest doubles in 5 yr, it will become 4 times in how many years?
a) 18
b) 16
c) 15
d) 20

Answer: c

Question: A certain sum of money at simple interest amounts to Rs 4320 in 2 1/2 yr and to Rs 4752 in 4 yr. The rate of interest per annum is
a) 8%
b) 8 1/2%
c) 7 1/2%
d) 9%

Answer: a

Question: A certain sum of money becomes Rs 2250 at the end of 2 yr and becomes Rs 2625 at the end of 5 yr. If the person receives only simple interest, then the rate of interest is
a) 6.25%
b) 5%
c) 8%
d) 6.5%

Answer: a

Question: In a certain time, the ratio of a certain principal and the simple interest obtained from it are in the ratio 10 : 3 at 10% interest per annum. The number of years the money was invested is
a) 1
b) 3
c) 5
d) 7

Answer: b

Question: A sum of money amounts to Rs 2240 at 4% per annum simple interest in 3 yr. The interest on the same sum for 6 months at 3.5% per annum is
a) Rs 30
b) Rs 50
c) Rs 35
d) Rs 150

Answer: c

Question: The compound interest on a sum at the rate of 5% for 2 yr is Rs 512.50. The sum is
a) Rs 5200
b) Rs 4800
c) Rs 5000
d) Rs 5500

Answer: c

Question: A sum of Rs 8448 is to be divided between A and B who are respectively 18 and 19 yr old, in such a way that if their shares be invested at 6.25% per annum compound interest, they will receive equal amounts on attaining the age of 21 yr. The present share of A is
a) Rs 4225
b) Rs 4352
c) Rs 4096
d) Rs 4000

Answer: b

Question: Find the simple interest due after 120 days for Rs 4800 at 10%.
a) Rs157.80
b) Rs157
c) Rs156.01
d) Rs124.93

Answer: a

Question: A sum was put at simple interest at a certain rate for 4 yr. Had it been put at 3% higher rate it would have fetched Rs 1440 more. Find the sum.
a) Rs 14400
b) Rs 11000
c) Rs 10000
d) Rs 12000

Answer: d

Question: Find the rate of interest at which Rs 100 becomes Rs 200 in 10 yr.
a) 10%
b) 15%
c) 8%
d) 17%

Answer: a

Question: Arun invests Rs 10250 at 4% per annum simple interest to obtain a total amount of Rs 12710. For how many years did he invest the sum?
a) 6
b) 8
c) 5
d) 4

Answer: a

Question: Rina borrows a loan of Rs 1200 at simple interest and the number of years is equal to the rate per cent per annum and she give Rs 432 as interest.
Find the rate of interest.
a) 3.6%
b) 6%
c) 18%
d) Cannot be determined

Answer: b

Question: A man took loan from a bank at the rate of 12% par annum simple interest. After 3 yr he had to pay Rs5400 interest only for the period. The principal amount borrowed by him was
a) Rs 2000
b) Rs 10000
c) Rs 15000
d) Rs 20000

Answer: c

Question: The rate of interest is 6% per annum in a bank. If an interest of Rs 1350 is to be earned in 5 yr, then the amount of money deposited is
a) Rs 13500
b) Rs 4500
c) Rs 5400
d) Rs 4800

Answer: b

Question: If the compound interest on a certain sum for 2 yr at 4% is Rs 102, what would be the simple interest at the same rate for 2 yr?
a) Rs 75
b) Rs 100.50
c) Rs 100
d) Rs 98

Answer: c

Question: A man borrows Rs 50000 at 4% compound interest per annum. Then, the total amount of money he has to pay after 2 yr is
a) Rs 54080
b) Rs 50480
c) Rs 54000
d) Rs 54800

Answer: a

Question: At what rate per cent compound interest, will Rs 400 amount to Rs 441 in 2 yr?
a) 4%
b) 5%
c) 6%
d) 3%

Answer: b

Question: On a certain sum of money, the difference between the compound interest for a year, payable half-yearly, and the simple interest for a year is Rs 180. If the rate of interest in both the cases is 10%, then the sum is
a) Rs 60000
b) Rs 72000
c) Rs 62000
d) Rs 54000

Answer: b

Question: Find the simple interest on Rs 1600 at 6% per annum for 146 days.
a) Rs 42.50
b) Rs 30.60
c) Rs 38.40
d) Rs 40

Answer: c

Question: The simple interest on Rs 7380 from 11 May, 1987 to 11 September, 1987 at 5% per annum.
a) Rs 123
b) Rs 103
c) Rs 200
d) Rs 223

Answer: a

Question: The simple interest on Rs 2000 for 7 months at 5 paise per rupee per month is
a) Rs 700
b) Rs 70
c) Rs 350
d) Rs 305

Answer: a

Question: A certain sum is invested at simple interest. If it trebles in 10 yr, what is the rate of interest?
a) 18% per annum
b) 20% per annum
c) 22% per annum
d) 25% per annum

Answer: b

Question: A sum of money at simple interest amount to Rs 815 in 3 yr and to Rs 854 in 4 yr. The sum is
a) Rs 650
b) Rs 690
c) Rs 698
d) Rs 700

Answer: c

Question: A lent be Rs 5000 to B for 2 yr and Rs 3000 to C for 4 yr on simple interest at the same rate of interest and received Rs 2200 in all from both as interest.
The rate of interest per annum is
a) 8%
b) 9%
c) 10%
d) 12%

Answer: c

Question: Sudha borrowed Rs 400 from her friend at the rate of 12% per annum for 2 1/2 yr. The interest and the amount paid by her were
a) Rs 140, Rs 540
b) Rs 130, Rs 530
c) Rs 125, Rs 525
d) Rs 120, Rs 520

Answer: d

Question: A man invested 1/3 of his capital at 8%,1/4 at 9% and the remainder at 10%. If his annual income is Rs 1180, the whole capital is
a) Rs 9000
b) Rs 12000
c) Rs 15000
d) Rs 13500

Answer: b