Simple and Compound Interest MCQs with Answers

Past Paper MCQ

If principal = Rs $1{,}00{,}000$, rate of interest = $10\%$ compounded half-yearly, find the amount after one year.

• A.Rs $1{,}10{,}000$
• B.Rs $1{,}10{,}250$
• C.Rs $1{,}10{,}500$
• D.Rs $1{,}21{,}000$

Past Paper MCQ

Kriya deposits an amount of Rs. 65,800 to obtain a simple interest at the rate of $14\%$ per annum for four years. What is the total amount she will receive at the end of the period?

• A.Rs. 1,06,248
• B.Rs. 1,12,648
• C.Rs. 92,648
• D.Rs. 1,02,648

Past Paper MCQ

Rs. 1200 is lent out at 5% per annum simple interest for 3 years. Find the amount after 3 years.

• A.Rs. 1320
• B.Rs. 1260
• C.Rs. 1440
• D.Rs. 1380

Past Paper MCQ

What will be the simple interest on Rs 4000 at 12.5% per annum for the period from 4th February 2005 to 18th April 2005?

• A.Rs 110
• B.Rs 120
• C.Rs 95
• D.Rs 100

A man borrows ₹12,500 at 20% compound interest per annum. At the end of every year, he pays ₹2,000 as partial repayment. How much does he still owe after 3 such installments?

• A.₹14,320
• B.₹15,680
• C.₹13,840
• D.None of these

Ali invests Rs. 20,000 at the rate of 5% compounding yearly. After one year, he will have _?

• A.Rs. 21,000
• B.Rs. 22,000
• C.Rs. 20,500
• D.Rs. 21,500

Asad borrowed Rs. 250,000 from the bank at the rate of 12% per annum for four years. The interest paid to the bank after four years would be ?

• A.Rs. 120,000
• B.Rs. 130,000
• C.Rs. 150,000
• D.Rs. 370,000

A boy deposited Rs. 300 in a savings bank which pays an interest of 5%. How much interest will he get in one year?

• A.Rs. 10
• B.Rs. 12
• C.Rs. 15
• D.None of these

Find the Simple Interest when $P = 2000$, $R = 10\%$, and $T = 3$ years.

• A.$300$
• B.$660$
• C.$500$
• D.$600$

Find the principal, if the amount of markup for 5 years at 5% per annum is Rs. 5550.

• A.Rs. 22200
• B.Rs. 11100
• C.Rs. 27750
• D.Rs. 33300