Top 50+ Solved INTEREST MCQ Questions Answer
Q. Find the principal which yields a simple interest of Rs. 20 and compound interest of Rs. 21 intwo years, at the same percent rate per annum?
a. rs. 520
b. rs. 480
c. rs. 420
d. rs. 200
Q. A sum of Rs. 4000 amounts to Rs. 4600 in 5 years at a certain rate of simple interest. Whatwould be the amount, if the rate of interest is increased by 3 %.
a. rs. 4900
b. rs. 5000
c. rs. 5200
d. rs. 5600
Q. Akhil borrowed a certain sum of money at the rate of 6%, 9% and 14% for a period of firsttwo years, next three years and beyond the period of five years respectively. If at the end of nineyears, he paid Rs. 8550 as interest, then find the sum of money he had borrowed.
a. rs. 9,000
b. rs.14,000
c. rs.15,000
d. rs.18,000
Q. r. Karan borrowed a certain amount at 6% per annum simple interest for 9 years. After 9years, he returned Rs. 8110/-. Find out the amount that he borrowed.
a. rs. 4,900
b. rs. 5,000
c. rs. 5,100
d. rs. 5266
Q. In how many years, Rs. 200 will produce the same interest @ 5 % as Rs. 900 produce in 2years @ 3 ½ %?
a. 6.3 years
b. 8.2 years
c. 9 years
d. 12 years
Q. Find the simple interest on Rs. 78000 at 15(2/5) % per annum for 9 months.
a. rs. 7804
b. rs. 8979
c. rs. 8046
d. rs. 9009
Q. Simple interest at x% for x years will come out to be Rs x on a sum of Rs?
a. x
b. 100/x
c. 100/x2
d. 100x
Q. What time will be taken by an amount of Rs. 900 to yield Rs. 81 as interest at 4.5% perannum of simple interest?
a. 2 years
b. 1 years
c. 3 years
d. 4 years