Compound Interest MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Compound Interest, a fundamental topic in the field of Aptitude. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Compound Interest MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Compound Interest mcq questions that explore various aspects of Compound Interest problems. Each MCQ is crafted to challenge your understanding of Compound Interest principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace Aptitude tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Compound Interest MCQs are your pathway to success in mastering this essential Aptitude topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Compound Interest. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your Compound Interest knowledge to the test? Let's get started with our carefully curated MCQs!

Compound Interest MCQs | Page 2 of 2

Q11.
Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:
Discuss
Answer: (c).Rs. 1750
Q12.
If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time?
Discuss
Answer: (a).Rs. 51.25
Q13.
The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:
Discuss
Answer: (b).Rs. 3
Q14.
The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?
Discuss
Answer: (a).8
Q15.
The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is:
Discuss
Answer: (b).Rs. 500
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