Top 50+ Solved INTEREST MCQ Questions Answer
Q. Sam borrowed some money from his friend at simple interest of 6% per annum. He returnedhis friend Rs. 15600. After how much time did Sam return the money if he borrowed Rs. 12000?
a. 8 years
b. 2.5 years
c. 5 years
d. 3.5 years
Q. Kabir paid Rs. 9600 as interest on a loan he took 5 years ago at 16% rate of simple interest.What was the amount he took as loan?
a. rs. 16400
b. rs. 12000
c. rs. 12500
d. rs. 18000
Q. Raman paid Rs. 11400 as interest after 9 years. He had borrowed some money at rate of 6%for first two years, 9% for next three years and 14% for rest of the period. How much money didhe borrow?
a. rs. 10000
b. rs. 15000
c. rs. 12000
d. rs. 12500
Q. Guddi invested some money in a bank at rate of 6% per annum. At simple interest, after 9years, she got Rs. 8470. How much did she invest?
a. rs. 5250
b. rs. 6550
c. rs. 6400
d. rs. 5500
Q. Aman got a salary of Rs. 8600. The salary was invested by him in two parts. Find thedifference between the two parts of his salary, if in first part he got some simple interest at 15%per annum in 4 years, which was same as the second part which he invested at 20% for 3 years.
a. rs. 0
b. rs. 2400
c. rs. 100
d. rs. 4500
Q. In 4 years the simple interest on certain sum of money is 9/25 of the principal. The annual rateof interest is
a. 4%
b. 4(1/2)%
c. 9%
d. 10%
Q. A sum becomes Rs. 3000 at the rate of 12% per annum (simple interest). The same sumbecomes Rs. 3300 at the rate of 15% per annum (simple interest) in the same duration. Find thesum and the duration.
a. rs. 2000 and 20 years
b. rs. 1900 and 8.25 years
c. rs. 1500 and 7 years
d. rs. 1800 and 5.5 years
Q. An amount becomes 7 times in 15 years. In how many years will the same amount become 10times? The rate of interest remains the same for both cases.
a. 20 years
b. 18.75 years
c. 22.50 years
d. 21.50 years
Q. In 40 years an amount becomes 6 times the original amount. What is the rate of interest?
a. 12.5%
b. 24%
c. 6.67%
d. 34%
Q. A TV can be bought for Rs. 20000 cash or by paying in four equal monthly installments withan initial down payment of Rs. 4000. If the rate of interest for this facility is 8% per annum, thenwhat would be the installment charged for each month?
a. rs. 4000
b. rs. 4106.67
c. rs. 4050.33
d. rs. 4066.01
Q. How much should be the annual installment to completely pay off a debt of Rs. 1078 in 6years at 9% per annum rate of interest?
a. rs.146.35
b. rs.156.25
c. rs.126.55
d. rs.118.35