20 Questions
| Total Attempts: 908

Quiz Description

Questions and Answers

- 1.A sum of money placed at compound interest doubles itself in 4 yr. In how many years will it amount to four times itself?
- A.
12 yr

- B.
13 yr

- C.
8 yr

- D.
16 yr

- 2.The difference between the compound interest and simple interest on Rs. 10000 for 2 yr is Rs. 25. The rate of interest per annum is
- A.
5%

- B.
7%

- C.
10%

- D.
12%

- 3.The simple interest on a sum of money is of the principal and the number of years is equal to the rate percent per annum. The rate percent per annum is equal to
- A.
3%

- B.
- C.
- D.

- 4.The ratio of the principal and the amount after 1 yr is 10: 12. Then, the rate of interest per annum is
- A.
12%

- B.
16%

- C.
18%

- D.
20%

- 5.At some rate of simple interest, A lent Rs. 6000 to B for 2 yr and Rs. 1500 to C for 4 yr and received Rs. 900 as interest from both of them together. The rate of interest per annum was
- A.
5%

- B.
6%

- C.
8%

- D.
10%

- 6.What annual payment will discharge a debt of Rs. 6450 due in 4 yr at 5% per annum simple interest?
- A.
Rs. 1400

- B.
Rs. 1500

- C.
Rs. 1550

- D.
Rs. 1600

- 7.In how many years will a sum of money double itself at simple interest per annum?
- A.
24 yr

- B.
20 yr

- C.
16 yr

- D.
12 yr

- 8.In how many years will a sum of Rs. 800 at 10% per annum compound interest, compounded semi-annually becomes Rs. 926.10?
- A.
- B.
- C.
- D.

- 9.A certain sum amounts to Rs. 5832 in 2 yr at 8% per annum compound interest, then the sum is
- A.
Rs. 5000

- B.
Rs. 5200

- C.
Rs. 5280

- D.
Rs. 5400

- 10.At what time will Rs. 10000 amount to Rs. 13310 at 20% per annum compounded half-yearly?
- A.
- B.
2 yr

- C.
- D.
3 yr

- 11.In what time Rs. 8000 will amount to Rs. 9261 at 10% per annum compound interest, when the interest is compounded half-yearly?
- A.
- B.
- C.
- D.

- 12.Simple interest on Rs. 500 for 4 yr at 6.25% per annum is equal to the simple interest on Rs. 400 at 5% per annum for a certain period of time. The period of time is
- A.
4 yr

- B.
5 yr

- C.
- D.

- 13.If the difference between the compound and simple interests on a certain sum of money for 3 yr at 5% per annum is Rs. 15.25, then the sum is
- A.
Rs. 2000

- B.
Rs. 1000

- C.
Rs. 1500

- D.
Rs. 2500

- 14.If the simple interest for 6 yr be equal to 30% of the principal, it will be equal to the principal after
- A.
20 yr

- B.
30 yr

- C.
10 yr

- D.
22 yr

- 15.The effective annual rate of interest, corresponding to a nominal rate of 6% per annum payable half-yearly is
- A.
6.06%

- B.
6.07%

- C.
6.08%

- D.
6.09%

- 16.What annual installment will discharge a debt of Rs? 6450 due in 4 yr at 5% simple interest?
- A.
Rs. 1500

- B.
Rs. 1835

- C.
Rs. 1935

- D.
Rs. 1950

- 17.At what rate per cent per annum will the simple interest on a sum of money be of the amount in 10 yr?
- A.
- B.
- C.
- D.

- 18.The difference between the simple and compound interest on a certain sum of money for 2 yr at 4% per annum is Rs. 4. The sum is
- A.
Rs. 2500

- B.
Rs. 2400

- C.
Rs. 2600

- D.
Rs. 2000

- 19.The compound interest on a certain sum of money at a certain rate for 2 yr is Rs. 40.80 and the simple interest on the same sum is Rs. 40 at the same rate and for the same time. The rate of interest per annum is
- A.
2%

- B.
3%

- C.
4%

- D.
5%

- 20.A sum of money becomes eight times of itself in 3 yr at compound interest. The rate of interest per annum is
- A.
100%

- B.
80%

- C.
20%

- D.
10%