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MCQ Questions for CBSE Class 12 with Answers
MCQ Questions for CBSE Class 11 with Answers
MCQ Questions for CBSE Class 10 with Answers
MCQ Questions for CBSE Class 9 with Answers
MCQ Questions for CBSE Class 8 with Answers
MCQ Questions for CBSE Class 7 with Answers
MCQ Questions for CBSE Class 6 with Answers
MCQ Questions for CBSE Class 5 with Answers
MCQ Questions for CBSE Class 4 with Answers
MCQ Questions for CBSE Class 3 with Answers
MCQ Questions for CBSE Class 2 with Answers
MCQ Questions for CBSE Class 1 with Answers
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Interest Bank Clerk MCQ Questions With Answers
1.
Aman invested money at a certain rate of simple interest for a period of four years. Had he invested the same sum for a period of six years the total interest earned by him would have been fifty percent more than the earlier interest amount. What was the rate of interest per cent per annum?
6.25
8
5
10
Cannot be determined
2.
A sum fetched a total simple interest of Rs. 5260 at the rate of 6 % p.a. in 4 years. What is the sum?
Rs.13150
Rs. 87666.6
Rs. 20592
Rs. 21916.66
Rs. 50000
3.
The rate of interest in a scheme, working on the principle of compound interest, increases by 1% per annum every year. For first year, the rate of interest is 14% per annum. A sum of Rs. 10,00,000 is invested in this scheme for 3 years. Find the amount of interest that will be generated in total.
Rs. 500000
Rs. 520760
Rs. 530940
Rs. 540670
Rs. 550000
4.
Varun lends some money to Rakesh and Suresh at the same rate of interest. Rakesh pays the money back in 2 years whereas Suresh pays it in 3 years. Rakesh pays Rs 800 and Suresh pays 20% more than Rakesh as interest. If Suresh paid along with Rakesh, Varun would have faced a loss of \(18\frac{2}{{11}}{\rm{\% }}\). How much money is lent to Suresh?
782.22
989.12
887.88
879.91
Cannot be determined
5.
Rs. 11,000 is borrowed at compounded at the rate of 24% per annum. What will be the approximate amount to be paid after 1 year? It is given that interest is compound quarterly.
Rs. 15150
Rs. 14150
Rs. 13890
Rs. 12150
Rs. 14050
6.
The population of Rajasthan was 1120581 on 1 January 2001 and the growth rate of population was 10% in the last year and 5% in the years prior to it, the only exception being 1999 when because of a huge exodus there was a decline of 20% in population. What was the population on January 1, 1996?
1,100,000
1,200,000
1,250,000
1,000,000
1,120,581
7.
In what time will the interest on Rs. 700 amount to Rs. 98 at 7% per annum simple interest?
6 years
5 years
4 years
2 years
7 years
8.
At the beginning of year 2015, Jerry invested Rs. 24000 in simple interest at 7% per annum. A year later, at the beginning of 2016, he invested Rs. 21000 in simple interest at 10% per annum. What will be the total amount he would have at the beginning of year 2020?
Rs. 53400
Rs. 48000
Rs. 61800
Rs. 72000
Rs. 66600
9.
A sum of money doubles itself at compound interest in 15 yrs. In how many yrs it will become eight times?
40
55
45
50
None of these
10.
What will be the simple interest earned on an amount of Rs. 4,800 at 8.5 p.c.p.a., at the end of 2 years 3 months?
Rs. 711.0
Rs. 898.2
Rs. 799.0
Rs. 805.4
Rs. 918.0
11.
Madhur took a loan of Rs. 20000 at 5% SI for 2 years and invested it at 4% CI for the same period. What is the gain/loss?
Rs. 368 gain
Rs. 423 gain
Rs. 368 loss
Rs. 423 loss
None of these
12.
The difference between CI and SI for 3 years is 992.If rate of interest is 10%.Find the Principal.
22,000
28,000
30,000
32,000
35,000
13.
Farida invests an amount of Rs. 4,800 for 3 years at the rate of 8 p.c.p.a. What approximate amount of compound interest will she obtain at the end of 3 years?
Rs. 1144
Rs. 1947
Rs. 1047
Rs. 1544
Rs. 1247
14.
Mr. Duggal invested Rs. 20000 with rate of interest @ 20% per annum. The interest was compounded half – yearly for the first 1 yr and in the next year it was compounded yearly. What will be the total interest earned at the end of 2 yr?
Rs. 8800
Rs. 9040
Rs. 8040
Rs. 9800
None of these
15.
The compound interest accrued on an amount of Rs. 22,000 at the end of two years is Rs. 5,596.8. What would be the simple interest accrued on the same amount at the same rate in the same period?
Rs. 5,420
Rs. 5,360
Rs. 5,280
Rs. 5,140
None of these
16.
The price of a T.V set worth Rs. 20,000 is to paid in 20 installments of Rs. 1000 each. If the rate of interest be 6% per annum, and the first installment be paid at the time of purchase, then the value of the last installment covering the interest as well will be:
Rs. 1050
Rs. 2050
Rs. 3000
None of these
Rs. 2020
17.
On investing Rs. 20000 in simple interest for two years, the interest earned is Rs. 190 more than the interest earned when Rs. 13000 is invested in simple interest for three years, at the same rate. Find the rate of interest (in % per annum).
12
16
18
19
24
18.
Shrivastava invests Rs. 800 for 2 years at the certain rate of simple interest. After 2 years his invested sum becomes Rs. 1,008. Find out the rate of interest per annum?
9% p.a.
10% p.a
12% p.a.
13% p.a.
None of these
19.
The simple interest on a sum of money is 4/9th the principal, and the number of years is equal to the rate of interest per annum. Find the rate of interest per annum.
8%
\(6\frac{2}{3}\% \)
6%
9%
None of these
20.
Mr. Phanse invests an amount of Rs. 25, 200 at the rate of 4 p.c.p.a. for 6 years to obtain a simple interest. Later he invests the principal amount as well as the amount obtained as simple interest for another 4 years at the same rate of interest. What amount of simple interest will he obtain at the end of the last 4 years?
Rs. 4,998
Rs. 4,950
Rs. 5,000
Rs. 4,800
None of these
21.
The difference between CI and SI for a period of 3 years is ₹ 279 at an interest rate of 10% p.a. What will be difference between CI and SI for 2 years when CI is calculated half yearly and SI is calculated yearly.
139.56
145.44
134.78
156.76
143.80
22.
Ramlal takes a loan of Rs. 10500 at 10% p.a. compounded annually which is to be repaid in to two equal annual installments as one at the end of one year and the other at the end of the second year. The value of each installment is:
Rs 5780
Rs 5478
Rs 5060
Rs 6050
None of these
23.
A sum of money is borrowed and paid back in two annual instalments of Rs. 1323 allowing 5% compound interest. The sum borrowed was:
Rs. 2620
Rs. 2680
Rs. 2460
Rs. 2640
Rs. 2450
24.
A sum of money is invested in compound interest at 15% per annum for three years. If the investment mode was simple interest instead, what should have been the rate of interest to earn the same amount of interest in three years?
15%
16.25%
17.36%
18.08%
20%
25.
The difference between simple interest and true discount on a certain sum of money for \(5\frac{1}{2}\) years at 8% per annum is Rs. 99. The sum is:
Rs. \(740\frac{8}{{11}}\)
Rs. \(736\frac{4}{{11}}\)
Rs. \(750\frac{7}{{11}}\)
Rs. \(746\frac{{10}}{{11}}\)
Rs. \(740\frac{2}{{11}}\)
26.
Rajesh borrows some amount from Suresh at an interest of 10% per annum. Next year, in order to pay the interest, he borrows money from Ganesh at an interest of 20% per annum. Next year, in order to pay the interest for both the debts, he borrows money from Dinesh at an interest of 25% per annum. If he has to pay an interest of Rs 2250 for all the three debts together, what is the total money that Rajesh has as debt (in Rupees)?
13800
18300
18500
15300
15800
27.
A scheme works on simple interest for first two years and on compound interest for next two years. After completion of first two years, interest generated is withdrawn. If the rate of interest is 18% per annum and amount invested is Rs. 9500, find the amount of interest that will be generated in four years.
Rs. 6020
Rs. 6480.2
Rs. 6882.5
Rs. 7147.8
Cannot be determined
28.
How much will a sum of Rs. 6,300 amount to in a span of 2 years, at 5 p.c.p.a. rate of compound interest (Rounded off to the nearest integer)?
Rs. 6,946
Rs. 6,876
Rs. 6,521
Rs. 6,790
Rs. 6,492
29.
What is the difference between the compound interests on Rs.5000 for 1.5 years at 4% per annum compounded yearly and half-yearly?
Rs. 3.21
Rs. 2.37
Rs. 3.45
Rs. 2.04
Rs. 3.60
30.
An amount of money when invested in compound interest for 2 years at 15% per annum rate of interest gives an interest of Rs. 6450. After two years, the interest generated is withdrawn and remaining money is invested for one more year at the same rate in compound interest. At the end of 3 years, how much money would be there in total?
Rs. 28450
Rs. 28950
Rs. 29450
Rs. 29950
Rs. 30950
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