Interest Mcqs

1.

A sum of Rs. 2500 amounts to Rs. 3875 in 4 years at the rate of simple interest. What is the rate of interest?

A. 12.25%

B. 12%

C. 6%

D. 13.75%

Answer & Solution Discuss in Board

2.

A sum of money becomes 7⁄5 of itself in 4 years at a certain rate of simple interest. The rate per annum is :

A. 9%

B. 10%

C. 11%

D. 12%

Answer & Solution Discuss in Board

3.

If there is a total of 104 weekly instalments and a third deposit, find the interest charged

A. 237.55

B. 337

C. 443

D. 334

Answer & Solution Discuss in Board

4.

What annual installment will discharge a debt of Rs 1092 due in 3 years at 12% simple interest?

A. Rs.325

B. Rs.545

C. Rs.560

D. Rs.550

Answer & Solution Discuss in Board

5.

If the simple interest on a certain sum of money after 3 1⁄8 years is 1⁄4 of the principal, what is the rate of interest per annum?

A. 6%

B. 4%

C. 8%

D. 12%

Answer & Solution Discuss in Board

6.

How much time will it take for an amount of Rs. 900 to yield Rs. 81 as interest at 4.5% per annum of simple interest?

A. 2 years

B. 3 years

C. 1 year

D. 4 years

Answer & Solution Discuss in Board

7.

A sum was put a simple interest at a certain rate for 2 years. Had it been put at 4% higher rate, it would have fetched Rs. 60 more. The sum is:________?

A. Rs.750

B. Rs.700

C. Rs.820

D. Rs.940

Answer & Solution Discuss in Board

8.

A car is purchased on hire-purchase. The cash price is $21 000 and the terms are a deposit of 10% of the price, then the balance to be paid off over 60 equal monthly installments. Interest is charged at 12% p.a. What is the monthly installment?

A. $503

B. $504

C. $505

D. $506

Answer & Solution Discuss in Board

9.

A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest?

A. 3.46%

B. 4.5%

C. 5%

D. 6%

Answer & Solution Discuss in Board

10.

A lends Rs. 1500 to B and a certain sum to C at the same time at 8% per annum simple interest. If after 4 years, A altogether receives Rs. 1400 as interest from B and C, then the sum lent to C is________?

A. Rs.2875

B. Rs.1885

C. Rs.2245

D. Rs.2615

Answer & Solution Discuss in Board

Practice MCQ Questions and answers on Interest Mcqs

1. A sum of Rs. 2500 amounts to Rs. 3875 in 4 years at the rate of simple interest. What is the rate of interest?

Answer & Solution

2. A sum of money becomes 7⁄5 of itself in 4 years at a certain rate of simple interest. The rate per annum is :

Answer & Solution

3. If there is a total of 104 weekly instalments and a third deposit, find the interest charged

Answer & Solution

4. What annual installment will discharge a debt of Rs 1092 due in 3 years at 12% simple interest?

Answer & Solution

5. If the simple interest on a certain sum of money after 3 1⁄8 years is 1⁄4 of the principal, what is the rate of interest per annum?

Answer & Solution

6. How much time will it take for an amount of Rs. 900 to yield Rs. 81 as interest at 4.5% per annum of simple interest?

Answer & Solution

7. A sum was put a simple interest at a certain rate for 2 years. Had it been put at 4% higher rate, it would have fetched Rs. 60 more. The sum is:________?

Answer & Solution

8. A car is purchased on hire-purchase. The cash price is $21 000 and the terms are a deposit of 10% of the price, then the balance to be paid off over 60 equal monthly installments. Interest is charged at 12% p.a. What is the monthly installment?

Answer & Solution

9. A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest?

Answer & Solution

10. A lends Rs. 1500 to B and a certain sum to C at the same time at 8% per annum simple interest. If after 4 years, A altogether receives Rs. 1400 as interest from B and C, then the sum lent to C is________?

Answer & Solution

Read More Section(Mathematics Quizzes)

1.

A sum of Rs. 2500 amounts to Rs. 3875 in 4 years at the rate of simple interest. What is the rate of interest?

2.

A sum of money becomes 7⁄5 of itself in 4 years at a certain rate of simple interest. The rate per annum is :

3.

If there is a total of 104 weekly instalments and a third deposit, find the interest charged

4.

What annual installment will discharge a debt of Rs 1092 due in 3 years at 12% simple interest?

5.

If the simple interest on a certain sum of money after 3 1⁄8 years is 1⁄4 of the principal, what is the rate of interest per annum?

6.

How much time will it take for an amount of Rs. 900 to yield Rs. 81 as interest at 4.5% per annum of simple interest?

7.

A sum was put a simple interest at a certain rate for 2 years. Had it been put at 4% higher rate, it would have fetched Rs. 60 more. The sum is:________?

8.

A car is purchased on hire-purchase. The cash price is $21 000 and the terms are a deposit of 10% of the price, then the balance to be paid off over 60 equal monthly installments. Interest is charged at 12% p.a. What is the monthly installment?

9.

A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest?

10.

A lends Rs. 1500 to B and a certain sum to C at the same time at 8% per annum simple interest. If after 4 years, A altogether receives Rs. 1400 as interest from B and C, then the sum lent to C is________?