Interest Questions and Answers

1.

Find the simple interest on Rs. 750 for 3 years at the rate of 5% per annum.
A. 100
B. 112.5
C. 150.6
D. None of these.
Answer with Explanation
Answer: Option B
Explanation:
No explanation for this question.

2.

A sum of Rs. 468.75 was lent out at a simple interest and at the end of 1 year 8 month the total amount was Rs. 500. Find the rate of interest per cent per annum.
A. 2%
B. 3%
C. 3.5%
D. 4%
Answer with Explanation
Answer: Option D
Explanation:
No explanation for this question.

3.

Find the compound interest for Rs. 2000 for 3 years at the rate of 10% per annum.
A. Rs. 600
B. Rs. 662
C. Rs. 690
D. None of these
Answer with Explanation
Answer: Option B
Explanation:
No explanation for this question.

4.

Gopal invets a part of Rs. 8000 at 4% per year and theremainder at 5% per year. His annual income from the investment is Rs. 350. The ratio of two parts of investment is –
A. 2:3
B. 4:5
C. 5:3
D. 6:7
Answer with Explanation
Answer: Option C
Explanation:
No explanation for this question.

5.

In how many years will a sum of Rs. 1600 will amount to Rs. 1852.20 at the rate of 10% per annum compounded half yearly?
A. 3/2 years
B. 2/3 years
C. 4/3 years
D. 5/3 years
Answer with Explanation
Answer: Option A
Explanation:
No explanation for this question.

6.

The simple interest on a certain sum of money for 2 years at 10% per annum is Rs. 400. Find the compound interest at the same rate and for the same time.
A. Rs. 400
B. Rs. 420
C. Rs. 450
D. None of these.
Answer with Explanation
Answer: Option B
Explanation:
No explanation for this question.

7.

Rs. 7500 is borrowed at compound interest at the rate of 4% per annum. What will be the amount to be paid after 6 months, if interest is compounded quarterly?
A. Rs. 7850.75
B. Rs. 7650.75
C. Rs. 8650.75
D. Rs. 8750.75
Answer with Explanation
Answer: Option B
Explanation:
No explanation for this question.

8.

What will be the difference in simple and compound interest on Rs. 2000 after three years at the rate of 10 per cent per annum?
A. Rs. 60
B. Rs. 61
C. Rs. 62
D. None of these.
Answer with Explanation
Answer: Option C
Explanation:
No explanation for this question.

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