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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 PO MCQ Questions With Answers
1.
What is the difference between the amount on Rs 10,000 after \(1\frac{1}{2}\) years at 4% per annum, compounded yearly and half yearly?
Rs. 10.02
Rs. 12.2
Rs. 20.4
Rs. 4.08
None of these
2.
The compound interest accrued on an amount of Rs. 8000 at the end of two years is Rs. 1680. What would be the simple interest accrued on the same amount at twice the rate in the half the period?
Rs. 12800
Rs. 9680
Rs. 17680
Rs. 1600
None of these
3.
A sum of money becomes Rs. 8000 after 3 years and Rs. 12167 after 6 years at compound interest. The sum is approximately
Rs. 5800
Rs. 5290
Rs. 5260
Rs. 6040
Rs. 7050
4.
The simple interest for a certain sum of money is half the principal. Find the time and rate of interest if the rate is twice the time.
5 years, 10%
10 years, 5%
4 years, 8%
4.5 years, 9%
None of these
5.
The compound interest on Rs. 30000 at 10 percent per annum for 2 years 73 days, is
Rs. 5000
Rs. 5131
Rs. 7026
Rs. 8636
Rs. 6650
6.
Shane divided his money into his two sons in the ratio 6:4. The son with more money invested it in simple interest at 15% per annum for two years while other son invested in compound interests at same terms. The son with more money got Rs. 765 more interest that other son. How much money Shane had in total (in rupees)?
12000
14000
15000
16400
18000
7.
The rate of simple interest for first 2 years is 5%, for next 2 years is 7.5% and 10% for period beyond 4 years. If the Interest after 7 years is Rs. 4400. Find the compound interest on the same principal after 2 years at 10% interest rate, compounded annually.
1680
8000
1980
960
1470
8.
How much amount was received by investing money A alone ?
Rs. 2560
Rs. 3600
Rs. 2440
Rs. 2520
Rs. 2420
9.
A principal of Rs. 3000 amounts to Rs. 3360 in 2 years when compounded at a certain rate of interest. How much will the same principal amount if it was compounded semi-annually?
3370.80
3720
3400
3500
None of these
10.
A scheme of 4 years works for first 2 years on simple interest basis and for last 2 years on compound interest basis. Interest generated in first two years is kept aside before reinvesting the base principal. The rate of interest is 10% per annum for all 4 years. What will be the amount generated if Rs. 15000 is invested in this scheme (in rupees)?
20000
20900
21150
22220
23470
11.
A certain sum of money doubles itself in 5 years at simple interest. In how many years it becomes seven times?
10 years
20 years
30 years
32 years
None of these
12.
A sum was put at simple interest at a certain rate for 2 years. If it had been put at 4% higher interest rate it would have given Rs. 600 more as an interest. Find the sum that was deposited.
Rs. 7250
Rs. 7500
Rs. 8000
Rs. 7000
None of these
13.
If it was found that the sum which Ajay deposited in the bank i.e. Rs. 24304 is borrowed from Vivek at 10% SI which is the same sum that was borrowed by Vivek from the bank, then find the amount of profit earned by Vivek.
Rs. 977.2
Rs. 1022.2
Rs. 995.4
Rs. 898.4
Rs. 1014.6
14.
A certain sum of money is invested at compound interest for 2 years at 20 per cent per annum. If the interest is added half-yearly instead of per annum, then the interest increases by Rs. 482, what is the sum of money?
Rs. 50000
Rs. 30000
Rs. 20000
Rs. 10000
Rs. 12000
15.
Aman won certain sum of money in a lottery, half of which he invested in scheme P for 5 years which offers simple interest at x% per annum. He invested the remaining half in scheme Q for 2 years which offers compound interest annually at 20% per annum. Interest earned from scheme P is 25% more than that earned from scheme Q. If the rate of interest of scheme P had been (x + 3)% per annum, the difference between the interests earned after corresponding periods would have been Rs. 7020. What is the amount Aman won in lottery?
Rs. 45000
Rs. 50000
Rs. 54000
Rs. 57500
None of these
16.
Kate has a sum of Rs. 14000 that she divided into two equal parts. She invested the first part in compound interest at 15% per annum rate of interest for two years. After two years, she withdrew the amount from compound interest and invested it along with the second part in simple interest at 12% per annum rate of interest. How much money she will have after 4 years?
Rs. 18562.9
Rs. 16729.5
Rs. 19562.8
Rs. 20067.2
Rs. 20159.3
17.
George invested a sum of money of Rs. 13000 in a scheme that works on the principle of compound interest. The rate of interest is 20% per annum. After 2 years, it was notified that the scheme will now work on the principle of simple interest. After further 2 years, George withdrew all the money from investment. Due to pre mature withdrawal, a penalty of Rs. 1000 was charged. How much money will George get?
Rs. 25208
Rs. 26208
Rs. 24208
Rs. 23708
Rs. 23208
18.
Sunil borrows Rs. 2275 and promises to pay back with compound interest at 20% p.a. in 3 early equal installments at the end of first, second and third year. Find the amount of each installment.
Rs. 1080
Rs. 864
Rs. 1036
Rs. 993
None of these
19.
Find the interest obtained from second scheme if the ratio of amount invested in scheme 1 and 3 is 2 : 3 and the interest obtained by Anand from first scheme is Rs. 5824.
Rs. 7200
Rs. 5842
Rs. 3310
Rs. 4641
None of these
20.
Mr Shridharan invested money in two schemes A and B, offering compound interest @ 8 p.c.p.a and 9 p.c.p.a respectively. If the total amount of interest accrued through the two schemes together in two years was Rs. 4818.30 and the total amount invested was Rs. 27,000, what was the amount invested in scheme A?
Rs. 15,000
Rs. 13,500
Rs. 12,000
Cannot be determined
None of these
21.
If Anand kept the amount invested in all the three schemes for 1 year only then what is the amount of loss that has been faced by him? (Ratio of amount invested by Anand in three schemes is 4 : 5 : 6)
Rs. 7824
Rs. 7946
Rs. 7736
Rs. 8084
Rs. 7914
22.
If the remaining amount is to be paid in 3 years with equal instalments then find the amount of each instalment.
Rs. 11026.67
Rs. 11000
Rs. 11205.34
Rs. 11406.67
None of these
23.
A had borrowed a certain sum of money and at the end of 2 years, he paid back Rs. 21648.64. The loan was taken for 2 years at a 4% rate of interest compounded semiannually. What was the original sum?
20000
18000
16000
10000
None of these
24.
An amount doubles itself in 10 years with simple interest. What is the rate of interest p.c.p.a.?
10
15
25
Cannot be determined
None of these
25.
If the difference between the simple interest and compound interest earned on an amount at 15 p.c.p.a. at the end of 3 years is Rs. 595.35, what is the principal sum?
Rs. 8,400
Rs. 9,200
Rs. 6,800
Cannot be determined
None of these
26.
If the simple interest on a sum of money at 5% p.a. for 3 years is Rs. 1200, the compound interest on the same sum for the same period at the same rate is
Rs. 1260
Rs. 1261
Rs. 1264
Rs. 1265
Rs.1226
27.
Find the cash value of the scooter.
Rs. 40000
Rs. 46824
Rs. 44624
Rs. 48524
None of these
28.
What will be the simple interest earned on an amount of Rs.16,800 in 9 months at the rate of 6.25% p.a.?
Rs.787.50
Rs.812.50
Rs.860
Rs.887.50
None of these
29.
The difference between compound interest and simple interest on a certain sum of money for 2 years at 20% p.a. is Rs. 760. Find the simple interest on this sum at 10% interest rate in 5 years.
9500
6500
5000
8000
8500
30.
A sum of Rs. 1450 is lent in the beginning of a year at a certain rate of simple interest. After 8 months, another sum of Rs. 725 is lent but at a rate twice the former. At the end of the year, Rs. 67 is earned as interest from both the loans. What was the original rate of interest?
3.9%
4.5%
5%
6%
None of these
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