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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 RRB (Railways) MCQ Questions With Answers
1.
The simple interest on Rs. 2000 for 2 years at Rs. 75 per thousand per annum will be
Rs. 150
Rs. 300
Rs. 600
Rs. 400
2.
Meena took a loan for Rs. 275,000 from the bank. She paid simple interest @ 8% p.a. and settled the account after 3 years. At the time of settlement she gave her old scooter to the bank plus Rs. 335,000. What price did the scooter fetch?
60,000
6,000
66,000
6,600
3.
An amount was lent for two years at the rate of 20% per annum compounding annually. Had the compounding been done half yearly, the interest would have increased by 241. What was the amount (in Rs) lent?
10,000
12,000
20,000
24,000
4.
A sum of Rs. 2000 at 40% per annum compounded annually. Calculate the interest for the third year at compound interest.
1500
1600
1568
1750
5.
The simple interest at y% for ‘y’ years will be Rs. y on a sum. Find the principal amount.
100/y
100 × y
100 × y2
100/y2
6.
The rate of simple interest per annum at which a sum of money doubles itself in 16⅔ years is:
4%
5%
6%
\(6\frac{2}{3}\% \)
7.
If the rate of interest is 8% per annum and Rs. 10000 lent at the compound interest half yearly then calculate the equivalent simple rate of interest for the first year?
8.16%
9%
7%
10%
8.
Mr. Davesh borrowed Rs. 4,500 at 4% per annum compound interest. The compound interest compounded annually for 2 years is:
Rs. 367.2
Rs. 4,867.2
Rs. 4,876.2
Rs. 376.2
9.
‘B’ borrowed Rs. 5,000 from ‘A’ at 6% p. a. simple interest and lends it to ‘C’ at compound interest of 10% p. a. If ‘B’ collects the money back from ‘C’ after 2 years and repays ‘A’, the profit made by ‘B’ in the transaction is
Rs. 600
Rs. 1,050
Rs. 500
Rs. 450
10.
Sita deposited Rs. 5,000 at 10% simple interest for 2 years. How much more money will Sita have in her account at the end of two years, if it is compounded semi-annually at 20% rate?
Rs. 50
Rs. 1250
Rs. 1320.50
Rs. 1885.50
11.
The sum of money which when given on compound interest at 20% per annum would fetch Rs. 155.0625 more when the interest is payable quarterly than when it was payable annually for 1 year is:
Rs. 20,000
Rs. 10,000
Rs. 12,000
Rs. 26,000
12.
Simple interest on a sum of Rs. 67400 for 14 months is Rs. 4718. What is the rate (in percentage) of interest per annum?
5.5
6
8
7
13.
In how many years will a sum of Rs. 4,000 yield a simple interest of Rs. 1,440 at 12% per annum?
3
\(2\frac{1}{2}\)
2
\(3\frac{1}{2}\)
14.
The simple interest accrued on amount of Rs 25,000 at the end of four years is Rs 8000. What would be the compound interest accrued on the same amount in 2 years?
Rs 2460
Rs 4160
Rs 3140
Rs 4320
15.
A sum becomes 5 times in 4 years at compound interest. In how many years the same sum will become 25 times?
20
100
80
8
16.
What is the ratio of simple interest earned on certain amount at the rate of 12% for 6 years and that for 12 years?
1 ∶ 2
2 ∶ 3
3 ∶ 4
4 ∶ 5
17.
A poor man borrowed Rs. 60000 interest free from a merchant. If he pays back 1.25 percent of this amount quaterly, and has already paid Rs. 15000, then for how many months has he been paying back his loan for the rest of the amount?
180 months
120 months
60 months
30 months
18.
In which year will the amount on a sum of Rs. 800 at 20% compounded half-yearly exceeds Rs.1000?
1st
2nd
3rd
4th
19.
If the compound interest on a sum for 2 years at 12.5% p.a. is rs. 510, the simple interest on the same sum at the same rate for the same period of time is
Rs. 400
Rs. 450
Rs. 460
Rs. 480
20.
Find the total compound interest on Rs. 5800 for 4 years, if rate of interest is 4% for first year, 6% for second year, 8% for third year and 10% for last year.
Rs. 1989.80
Rs. 1795.98
Rs. 1979.76
Rs. 1900.72
21.
Find the interest on Rs.25000 at 12% p.a compounded annually for 3 years.
9,000
9,833.40
10,123.20
10,678.90
22.
A certain sum of money becomes 4 times of itself in 30 years at a rate of simple interest. In how many years it will become double of itself at the same rate of simple interest
20
15
10
12
23.
The difference between the compound interest and the simple interest on a certain sum of money at 5% rate of interest per annum for 2 years is Rs. 50. Then find the principal amount –
Rs. 50,000
Rs. 40,000
Rs. 12,000
Rs. 20,000
24.
On Rs. 3,000 invested at a simple interest rate 6% per annum, Rs. 900 is obtained as interest in certain years. In order to earn Rs. 1,600 as interest on Rs. 4,000 in the same number of years, what should be the rate of simple interest?
7%
8%
9%
Data inadequate
25.
The compound interest on Rs. 6000 for 3 yrs at a rate of 8% for first year, 10% for second year and 12% for third year is
Rs. 1982.18
Rs. 1982.93
Rs. 1933.25
Rs. 1983.36
26.
Asma borrowed some money at 6% p.a. simple interest for the first three years, 8% p.a. for the next two years and 10% p.a. for a period beyond five years. At the end of 12 years, the simple interest was Rs. 5824. How much money did she borrow?
Rs. 5200
Rs. 5400
Rs. 5600
Rs. 5800
27.
In what time will Rs. 72 become Rs. 81 at \(6\frac{1}{4}\%\) per annum simple interest?
2 years
3 years
2 years 6 months
4 years
28.
Which sum of money at compound interest will amount to Rs.650 at the end of 1st year and Rs.676 at end of 2nd year?
Rs. 600
Rs. 620
Rs. 625
Rs. 630
29.
A sum becomes 4 times in 2 years at compound interest. In how many years the same sum will become 16 times?
3
4
2
1
30.
A sum triples in 10 years at a certain rate of simple interest. In how many years will it be six times of itself?
40 years
30 years
25 years
20 years
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