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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 SSC MCQ Questions With Answers
1.
A bank offers 5% p.a compound interest per year. A customer deposits Rs. 6400 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is:
Rs. 652
Rs. 388
Rs. 484
Rs. 544
2.
A lent Rs. 550 to B for 2 years and Rs. 150 to C for 6 years and received Rs. 100 from both as interest. Find out rate of interest, simple interest being calculated,
5%
7%
8%
9%
3.
Kinjal wants to sell his television. There are two offers, one at Rs. 8,000 cash and the other at a credit of Rs. 6,000 to be paid after 8 months, money being at 18% per annum. Which one is the better offer?
Rs.6000 at credit
Rs.8000 in cash
Both Rs.6000 at credit and Rs.8000 in cash
Can’t be determined
4.
The simple interest on a sum of money is (1/16)th of principle and the number of years is equal to the rate per cent per annum. The rate per cent annum is _______
2.5%
\(6\frac{1}{3}\%\)
\(6\frac{1}{5}\%\)
\(4\frac{1}{5}\% \)
5.
A man invested 1/3 of his capital at 7%, ¼ at 8% and the remainder at 10%. If his annual income is Rs. 561, the capital is
Rs. 5400
Rs. 6000
Rs. 6600
Rs. 7200
6.
The difference between simple interest and compound interest on Rs. 6,000 for 2 years at 4 % is
Rs. 9.50
Rs. 9.60
Rs. 11.2
Rs. 10.25
7.
What is the rate of simple interest at which an amount doubles in 5 years?
10%
20%
18%
15%
8.
The difference between compound and simple interest on a sum of money for 2 years at 5% per annum is Rs. 878. The sum is
Rs. 2,00,200
Rs. 2,30,000
Rs. 3,51,200
Rs. 1,02,000
9.
How much time will it take for an amount of Rs. 550 to yield Rs. 121 as interest at 5.5% per annum of simple interest?
3.5 years
4 years
4.5 years
5 years
10.
A invested Rs. 14400 for 3 years at 10% per annum simple interest. If he invested the same amount for 1.5 years when interest rate is same but compounded half yearly. Find the difference between the interests.
Rs. 2050.2
Rs. 2052.2
Rs. 2054.2
Rs. 2048.2
11.
What sum of money must be given at simple interest for six months at 4% per annum in order to earn Rs. 150 interest?
Rs. 5000
Rs. 7500
Rs. 10000
Rs. 15000
12.
The difference between simple interest and compound interest for 2 years on the sum Rs. 2900 at a certain rate is Rs. 14.21. What is annual rate of interest?
9%
5%
7%
8%
13.
On what sum will the difference between S.I and C.I for 2 years at 5% per annum be equal to Rs. 50/- ?
19,000
20,000
20,500
19,500
14.
Ram borrows Rs. 3000 at 10% compound rate of interest. At end of each year he pays back Rs. 1000. How much amount should he pay at the end of the third year to clear all his dues?
Rs. 1530
Rs. 1683
Rs. 1663
Rs. 1563
15.
Rs. 600 amounts to Rs. 720 in 4 years at simple interest. If the interest rate is increased by 5% of itself, how much would it amount to in the given time period?
Rs. 672
Rs. 762
Rs. 726
Rs. 627
16.
Rs. 10,000 is being compounded at 20% per annum. Calculate the amount after 2 years if the rate of interest is charged half yearly.
14600
12500
14642
14641
17.
The compound interest on Rs. 1000 at 10% per annum for 3 years in (Rs.) is
Rs. 1331
Rs. 331
Rs. 300
Rs. 1300
18.
The compound interest on a certain sum for first two successive years are Rs. 100 and Rs. 172 respectively. Find the rate of interest.
55%
10%
63%
72%
19.
If the present worth of a certain sum due 2 years hence at 10% per annum at a compound interest principal is Rs. 2500, find the amount.
Rs. 2420
Rs. 4220
Rs. 2400
Rs. 3025
20.
The simple interest on a sum for 5 years is one fourth of the sum. The rate of interest per annum is
5%
6%
4%
8%
21.
The simple interest in 3 years and compound interest in 2 years on a certain sum of money at the same rate are Rs. 1,200 and Rs. 832 respectively. The principal is
Rs. 7,500
Rs. 4,000
Rs. 3,000
Rs. 5,000
22.
A man borrowed Rs. 18750 at a simple interest of 6% per annum. If he cleared his debt by paying an amount of Rs. 22125, after how many years did he cleared his debt?
3 years
4 years
5 years
6 years
23.
If the difference of C.I and S.I on some amount is Rs. 36 and the sum of the C.I and S.I is 160. Find the product of the C.I and S.I?
Rs. 6082
Rs. 6078
Rs. 6076
Rs. 6080
24.
There is 100% increase to an amount in 8 years, at simple interest. Find the compound interest of Rs. 8000 after 2 years at the same rate of interest.
Rs. 2500
Rs. 2000
Rs. 2250
Rs. 2125
25.
A person invested 50% of his sum at 10% per annum. 50% of rest at 16% per annum and the rest at 20% per annum. What would be the annual rate of interest, if the interest is calculated on the whole sum?
15%
10%
12.5%
14%
26.
The difference between compound interest and simple interest at the same rate on Rs.25000 for 2 years is Rs.250. The rate of interest per annum is
6%
8%
10%
12%
27.
On what principal does the difference between the compound interest and the simple interest for 3 year at 10% is Rs. 31?
Rs. 1800
Rs. 1400
Rs. 900
Rs. 1000
28.
If a sum of Rs. 12500 is invested for 1 year at 12% per annum interest being compounded semiannually, then interest earned is
1505
1535
1545
1550
29.
At what rate percent annum will Rs. 2304 amount will turn into Rs. 2500 in 2 years at compound interest?
\(4\frac{1}{2}\% \)
\(4\frac{1}{5}\%\)
\(4\frac{1}{6}\%\)
\(4\frac{1}{3}\%\)
30.
Simple interest on a certain sum is 16/25 of the sum. The rate per cent if the rate per cent and time (in years) are equal, is
6%
8%
10%
12%
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