Compound Interest Aptitude MCQ Questions with Answers

Question. The compound interest on 16,000 for 9 months at 20% per annum, interest being compounded quarterly, is ?
a) 2,520
b) 2,524
c) 2,522
d) 2,518

Answer : C

Question. The compound interest on a certain sum of money at a certain rate for 2 years is 40.80 and the simple interest on the same sum is 40 at the same rate and for the same time. The rate of interest is ?
a) 2% per annum
b) 3% per annum
c) 4% per annum
d) 5% per annum

Answer : C

Question. The compound interest on 30,000 at 7% per annum for a certain time is 4,347. The time is ?
a) 3 years
b) 4 years
c) 2 years
d) 2.5 years

Answer : C

Question. The sum of money which becomes 2420 at 10 % rate of compound interest after two years is ?
a) 2000
b) 1000
c) 2500
d) 1500

Answer : A

Question. If a sum of Rs.12500 is invested for 1 year at 12% per annum interest being compounded semi-annually, then interest earned is ?
a) Rs.1505
b) Rs.1535
c) Rs.1545
d) Rs.1550

Answer : C

Question. What would be the compound interest of Rs. 25000 for 2 years at the rate of 5% per annum ?
a) Rs. 2500
b) Rs. 2562.5
c) Rs. 2425.25
d) Rs. 5512.5

Answer : B

Question. A man borrowed some money from a private organisation at 5% simple interest per annum. He lended 50% of this money to another person at 10% compound interest per annum and thereby the man made a profit of Rs. 3,205 in 4 years. The man borrowed ?
a) Rs. 80,000
b) Rs. 1,00,000
c) Rs. 1,20,000
d) Rs. 1,50,000

Answer : B

Question. The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. The rate of interest per annum is ?
a) 6%
b) 7%
c) 8%
d) 9%

Answer : C

Question. If Rs. 10000 amounts to Rs. 11664 invested in compound interest (compounded annually) for two years then the annual rate of compound interest is ?
a) 10%
b) 9%
c) 8%
d) 6%

Answer : C

Question. If the rate of interest be 4% per annum for first year, 5% per annum for second year and 6% per annum for third year, then the compound interest of 10,000 for 3 years will be ?
a) 1,600
b) 1,625.80
c) 1,575.20
d) 2,000

Answer : C

Question. A sum of money placed at compound interest doubles itself in 4 years. In how many years will it amount to four times itself ?
a) 12 years
b) 13 years
c) 8 years
d) 16 years

Answer : C

Question. A certain sum amounts to 5,832 in 2 years at 8% per annum compound interest, the sum is ?
a) 5,000
b) 5,200
c) 5,280
d) 5,400

Answer : A

Question. 800 at 5% per annum compounded annually will amount to 882 in ?
a) 1 year
b) 2 years
c) 3 years
d) 4 years

Answer : B

Question. The compound interest on a certain sum of money for 2 years at 10% per annum is 420. The simple interest on the same sum at the same rate and for the same time will be ?
a) 350
b) 375
c) 380
d) 400

Answer : D

Question. The difference between the compound interest and simple interest on a certain sum for 2 years at 10% per annum is 300. Find the sum ?
a) 31,000
b) 31,500
c) 30,000
d) 30,500

Answer : C

Question. A principal of 10,000, after 2 years compounded annually, the rate of interest being 10% per annum during the first year and 12% per annum during the second year (in rupees) will amount to ?
a) 12,000
b) 12,320
c) 12,500
d) 11,320

Answer : B

Question. The compound interest on Rs. 64,000 for 3 years, compounded annually at 7.5% p.a. is ?
a) Rs. 14,400
b) Rs. 15,705
c) Rs. 15,507
d) Rs. 15,075

Answer : C

Question. The compound interest on a certain sum of money at 5% per annum for 2 years is 246. The simple interest on the same sum for 3 years at 6% per annum is ?
a) 435
b) 450
c) 430
d) 432

Answer : D

Question. The difference between compound interest and simple interest on a certain sum of money for 2 years at 5% per annum is Rs. 41. What is the sum of money ?
a) Rs. 7200
b) Rs. 9600
c) Rs. 16400
d) Rs. 8400

Answer : C

Question. The compound interest on 30,000 at 7% per annum for a certain time is 4,347. The time is ?
a) 3 years
b) 4 years
c) 2 years
d) 2.5 years

Answer : C

Question. At what rate per cent per annum will a sum of 1,000 amounts to 1,102.50 in 2 years at compound interest ?
a) 5%
b) 5.5%
c) 6%
d) 6.5%

Answer : A

Question. In 3 years Rs. 3000 amounts to Rs. 3993 at x% compound interest, compounded annually. The value of x is ?
a) 10
b) 8
c) 5
d) 13

Answer : A

Question. The difference between compound interest (compounded annually) and simple interest on a certain sum of money at 10% per annum for 2 years is 40. The sum is ?
a) 4000
b) 3600
c) 4200
d) 3200

Answer : A

Question. A man borrows 21000 at 10% compound interest. How much he has to pay annually at the end of each year, to settle his loan in two years ?
a) 12000
b) 12100
c) 12200
d) 12300

Answer : B

Question. Find the amount which Shyam will get on Rs. 4096, if he gives it for 18 months at 12 1 2 % per annum, interest being compounded half yearly ?
a) Rs. 5,813
b) Rs. 4,515
c) Rs. 4,913
d) Rs. 5,713

Answer : C

Question. If the amount is 2.25 times of the sum after 2 years at compound interest (compound annually), the rate of interest per annum is ?
a) 25%
b) 30%
c) 45%
d) 50%

Answer : D

Question. At a certain rate per annum, the simple interest on a sum of money for one year is 260 and the compound interest on the same sum for two years is 540.80. The rate of interest per annum is ?
a) 4%
b) 6%
c) 8%
d) 10%

Answer : C

Question. A sum of 8000 will amount to 8820 in 2 years if the interest is calculated every year. The rate of compound interest is ?
a) 6%
b) 7%
c) 3%
d) 5%

Answer : D

Question. On a certain principal the compound interest compounded annually for the second year at 10% per annum is 132. The principal is ?
a) 1250
b) 1000
c) 1200
d) 1320

Answer : C

Question. A sum of money on compound interest amounts to 10648 in 3 years and 9680 in 2 years. The rate of interest per annum is ?
a) 5%
b) 10%
c) 15%
d) 20%

Answer : B

Question. The compound interest on a sum of Rs. 5000 at 8% per annum for 9 months when interest is compound quarterly is ?
a) Rs. 300
b) Rs. 300.12
c) Rs. 306.04
d) Rs. 308

Answer : C

Question. The simple interest on a certain sum of money for 2 years at 5% is Rs. 1600. The compound interest at the same rate after 3 years interest compound annually, is ?
a) Rs.2520
b)Rs.2522
c) Rs.2555
d) Rs.2535

Answer : B

Question. Two years ago, the value of my motorbike was 62500. If the value depreciates by 4% every year, now its value is ?
a) 56700
b) 57600
c) 57500
d) 55700

Answer : B

Question. The sum of money that yields a compound interest of 420 during the second year at 5% p.a is ?
a) 4,000
b) 42,000
c) 8,000
d) 21,000

Answer : C

Question. The difference between the compound interest (compounded annually) and the simple interest on a sum of 1000 at a certain rate of interest for 2 years is 10. The rate of interest per annum is ?
a) 5%
b) 6%
c) 10%
d) 12%

Answer : C

Question. The compound interest on a certain sum of money for 2 years at 5% is 328, then the sum is ?
a) 3000
b) 3600
c) 3200
d) 3400

Answer : C

Question. The compound interest on a certain sum of money invested for 2 years at 5% per annum is 328. The simple interest on the sum, at the same rate and for the same period will be ?
a) 320
b) 308
c) 300
d) 287

Answer : A

Question. The difference between the compound interest and the simple interest on a certain sum at 5% per annum for 2 years is 1.50. The sum is ?
a) 600
b) 500
c) 400
d) 300

Answer : A

Question. If a sum of money compounded annually becomes 1.44 times of itself in 2 years, then the rate of interest per annum is ?
a) 25%
b) 22%
c) 21%
d) 20%

Answer : D

Question. The simple interest and compound interest (compounded annually) on a certain sum of money with a given rate for a period of 2 years are 900 and 954 respectively. The sum of money is ?
a) 3700
b) 3650
c) 3850
d) 3750

Answer : D

Question. The compound interest on a certain sum of money for 2 years at 5% per annum is 410. The simple interest on the same sum at the same rate and for the same time is ?
a) 400
b) 300
c) 350
d) 405

Answer : A

Question. What will Rs.1500 amount to in three years if it is invested in 20% p.a. compound interest, interest being compounded annually ?
a) Rs.2592
b) Rs.2492
c) Rs.2352
d) Rs.2352

Answer : A

Question. A certain sum will amount to 12,100 in 2 years at 10% per annum of compound interest, interest being compounded annually. The sum is ?
a) 8000
b) 6000
c) 12000
d) 10000

Answer : D

Question. Find the difference between the compound interest and the simple interest on 32,000 at 10% p.a. for 4 years ?
a) 2051.20
b) 2052.50
c) 2025.20
d) 2501.20

Answer : D

Question. A sum of money becomes eight times of itself in 3 years at compound interest. The rate of interest per annum is ?
a) 100%
b) 80%
c) 20%
d) 10%

Answer : A

Question. A sum of 210 was taken as a loan. This is to be paid back in two equal instalments. If the rate of interest be 10% compounded annually, then the value of each instalment is ?
a) 127
b) 121
c) 210
d) 225

Answer : B

Question. On a certain sum of money, the simple interest for 2 years is Rs. 350 at the rate of 4% per annum. If it was invested at compound interest at the same rate for the same duration as before, how much more interest would be earned ?
a) Rs. 3.50
b) Rs. 7
c) Rs. 14
d) Rs. 35

Answer : B

Question. If the compound interest on a certain sum for two years at 12% per annum is 2,544, the simple interest on it at the same rate for 2 years will be ?
a) 2,400
b) 2,500
c) 2,480
d) 2,440

Answer : A

Question. A sum of money invested at compound interest amounts to 650 at the end of first year and 676 at the end of second year. The sum of money is ?
a) 600
b) 540
c) 625
d) 560

Answer : C

Question. If the compound interest on a certain sum for 2 years at 4% p.a. is 102, the simple interest at the same rate of interest for two years would be ?
a) 200
b) 50
c) 150
d) 100

Answer : D

Question. The difference between compound interest and simple interest on 2500 for 2 years at 4% per annum is ?
a) 40
b) 45
c) 14
d) 4

Answer : D

Question. The principal, which will amount to 270.40 in 2 years at the rate of 4% per annum compound interest, is ?
a) 200
b) 225
c) 250
d) 220

Answer : C

Question. The difference between the simple and compound interest on a certain sum of money at 5% rate of interest per annum for 2 years is 15. Then the sum is ?
a) 6,500
b) 5,500
c) 6,000
d) 7,000

Answer : C

Question. A person deposited a sum of 6,000 in a bank at 5% per annum simple interest. Another person deposited 5,000 at 8% per annum compound interest. After two years, the difference of their interests will be ?
a) 230
b) 232
c) 832
d) 600

Answer : B