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Interest MCQs

Solved Interest MCQs with answers and explanations. Free practice questions for PPSC, FPSC, CSS and other government job exams on FreeSekho.

1. What is the simple interest on Rs. 1000 at 5% per annum for 2 years?
1. 100.0 ✓
2. 50.0
3. 150.0
4. 90
2. What is the simple interest on Rs. 2000 at 10% per annum for 3 years?
1. 200.0
2. 600.0 ✓
3. 800.0
4. 400.0
3. What is the simple interest on Rs. 1500 at 8% per annum for 2 years?
1. 120.0
2. 360.0
3. 240.0 ✓
4. 216
4. What is the simple interest on Rs. 5000 at 6% per annum for 4 years?
1. 300.0
2. 1500.0
3. 900.0
4. 1200.0 ✓
5. What is the simple interest on Rs. 2500 at 12% per annum for 2 years?
1. 600.0 ✓
2. 300.0
3. 900.0
4. 540
6. What is the simple interest on Rs. 4000 at 7% per annum for 3 years?
1. 280.0
2. 840.0 ✓
3. 1120.0
4. 560.0
7. What is the simple interest on Rs. 3000 at 9% per annum for 2 years?
1. 270.0
2. 810.0
3. 540.0 ✓
4. 486
8. What is the simple interest on Rs. 8000 at 5% per annum for 5 years?
1. 400.0
2. 2400.0
3. 1600.0
4. 2000.0 ✓
9. What is the simple interest on Rs. 1200 at 10% per annum for 4 years?
1. 480.0 ✓
2. 120.0
3. 600.0
4. 360.0
10. What is the simple interest on Rs. 6000 at 4% per annum for 3 years?
1. 240.0
2. 720.0 ✓
3. 960.0
4. 480.0
11. What is the simple interest on Rs. 3500 at 6% per annum for 2 years?
1. 210.0
2. 630.0
3. 420.0 ✓
4. 378
12. What is the simple interest on Rs. 9000 at 8% per annum for 1 years?
1. 1440.0
2. 0
3. 870.0
4. 720.0 ✓
13. What is the simple interest on Rs. 4500 at 10% per annum for 2 years?
1. 900.0 ✓
2. 450.0
3. 1350.0
4. 810
14. What is the simple interest on Rs. 7000 at 5% per annum for 4 years?
1. 350.0
2. 1400.0 ✓
3. 1750.0
4. 1050.0
15. What is the simple interest on Rs. 2500 at 8% per annum for 3 years?
1. 200.0
2. 800.0
3. 600.0 ✓
4. 400.0
16. What is the simple interest on Rs. 10000 at 7% per annum for 2 years?
1. 700.0
2. 2100.0
3. 1120
4. 1400.0 ✓
17. What is the simple interest on Rs. 1600 at 15% per annum for 2 years?
1. 480.0 ✓
2. 240.0
3. 720.0
4. 432
18. What is the simple interest on Rs. 5000 at 9% per annum for 2 years?
1. 450.0
2. 900.0 ✓
3. 1350.0
4. 810
19. What is the simple interest on Rs. 2400 at 5% per annum for 5 years?
1. 120.0
2. 720.0
3. 600.0 ✓
4. 480.0
20. What is the simple interest on Rs. 7500 at 4% per annum for 3 years?
1. 300.0
2. 1200.0
3. 600.0
4. 900.0 ✓
21. What is the simple interest on Rs. 2000 at 12% per annum for 5 years?
1. 1200.0 ✓
2. 240.0
3. 1440.0
4. 960.0
22. What is the simple interest on Rs. 3000 at 7% per annum for 4 years?
1. 210.0
2. 840.0 ✓
3. 1050.0
4. 630.0
23. What is the simple interest on Rs. 4500 at 4% per annum for 5 years?
1. 180.0
2. 1080.0
3. 900.0 ✓
4. 720.0
24. What is the simple interest on Rs. 6000 at 11% per annum for 2 years?
1. 660.0
2. 1980.0
3. 1056
4. 1320.0 ✓
25. What is the simple interest on Rs. 8000 at 6% per annum for 3 years?
1. 1440.0 ✓
2. 480.0
3. 1920.0
4. 960.0
26. What is the simple interest on Rs. 1250 at 8% per annum for 4 years?
1. 100.0
2. 400.0 ✓
3. 500.0
4. 300.0
27. What is the simple interest on Rs. 9000 at 5% per annum for 2 years?
1. 450.0
2. 1350.0
3. 900.0 ✓
4. 810
28. What is the simple interest on Rs. 3500 at 10% per annum for 3 years?
1. 350.0
2. 1400.0
3. 700.0
4. 1050.0 ✓
29. What is the simple interest on Rs. 4000 at 12% per annum for 2 years?
1. 960.0 ✓
2. 480.0
3. 1440.0
4. 864
30. What is the simple interest on Rs. 15000 at 4% per annum for 3 years?
1. 600.0
2. 1800.0 ✓
3. 2400.0
4. 1200.0
31. What is the simple interest on Rs. 5000 at 7% per annum for 5 years?
1. 350.0
2. 2100.0
3. 1750.0 ✓
4. 1400.0
32. What is the simple interest on Rs. 2400 at 15% per annum for 2 years?
1. 360.0
2. 1080.0
3. 576
4. 720.0 ✓
33. What is the simple interest on Rs. 10000 at 9% per annum for 4 years?
1. 3600.0 ✓
2. 900.0
3. 4500.0
4. 2700.0
34. What is the simple interest on Rs. 3200 at 5% per annum for 3 years?
1. 160.0
2. 480.0 ✓
3. 640.0
4. 320.0
35. What is the simple interest on Rs. 7000 at 8% per annum for 2 years?
1. 560.0
2. 1680.0
3. 1120.0 ✓
4. 1008
36. What is the simple interest on Rs. 6000 at 10% per annum for 5 years?
1. 600.0
2. 3600.0
3. 2400.0
4. 3000.0 ✓
37. What is the simple interest on Rs. 2500 at 6% per annum for 4 years?
1. 600.0 ✓
2. 150.0
3. 750.0
4. 450.0
38. What is the simple interest on Rs. 12000 at 5% per annum for 2 years?
1. 600.0
2. 1200.0 ✓
3. 1800.0
4. 1080
39. What is the simple interest on Rs. 8000 at 9% per annum for 3 years?
1. 720.0
2. 2880.0
3. 2160.0 ✓
4. 1440.0
40. What is the simple interest on Rs. 4500 at 12% per annum for 1 years?
1. 1080.0
2. 0
3. 690.0
4. 540.0 ✓
41. What is the simple interest on Rs. 3000 at 8% per annum for 5 years?
1. 1200.0 ✓
2. 240.0
3. 1440.0
4. 960.0
42. What is the simple interest on Rs. 10000 at 6% per annum for 3 years?
1. 600.0
2. 1800.0 ✓
3. 2400.0
4. 1200.0
43. What is the simple interest on Rs. 1500 at 10% per annum for 2 years?
1. 150.0
2. 450.0
3. 300.0 ✓
4. 270
44. What is the simple interest on Rs. 9000 at 4% per annum for 4 years?
1. 360.0
2. 1800.0
3. 1080.0
4. 1440.0 ✓
45. What is the simple interest on Rs. 20000 at 5% per annum for 2 years?
1. 2000.0 ✓
2. 1000.0
3. 3000.0
4. 1800
46. What is the simple interest on Rs. 4000 at 15% per annum for 3 years?
1. 600.0
2. 1800.0 ✓
3. 2400.0
4. 1200.0
47. What is the simple interest on Rs. 7500 at 8% per annum for 4 years?
1. 600.0
2. 3000.0
3. 2400.0 ✓
4. 1800.0
48. What is the simple interest on Rs. 5000 at 11% per annum for 2 years?
1. 550.0
2. 1650.0
3. 880
4. 1100.0 ✓
49. What is the simple interest on Rs. 16000 at 6% per annum for 2 years?
1. 1920.0 ✓
2. 960.0
3. 2880.0
4. 1728
50. What is the simple interest on Rs. 2500 at 20% per annum for 1 years?
1. 1000.0
2. 500.0 ✓
3. 0
4. 650.0
51. A sum earns Rs. 600 as simple interest in 3 years at 5% per annum. What is the principal?
1. Rs. 3,000
2. Rs. 4,000 ✓
3. Rs. 5,000
4. Rs. 6,000
52. A sum earns Rs. 1,200 as simple interest in 4 years at 10% per annum. What is the principal?
1. Rs. 2,000
2. Rs. 2,500
3. Rs. 3,000 ✓
4. Rs. 3,500
53. At what rate per annum will Rs. 5,000 earn Rs. 1,000 in 4 years at simple interest?
1. 4%
2. 5% ✓
3. 6%
4. 7%
54. At what rate per annum will Rs. 8,000 earn Rs. 1,920 in 3 years at simple interest?
1. 6%
2. 7%
3. 8% ✓
4. 9%
55. In how many years will Rs. 4,000 earn Rs. 1,200 at 10% simple interest?
1. 2 years
2. 3 years ✓
3. 4 years
4. 5 years
56. In how many years will Rs. 6,000 earn Rs. 1,800 at 5% simple interest?
1. 4 years
2. 5 years
3. 6 years ✓
4. 7 years
57. What is the amount on Rs. 5,000 after 3 years at 8% simple interest?
1. Rs. 5,800
2. Rs. 6,000
3. Rs. 6,200 ✓
4. Rs. 6,400
58. What is the amount on Rs. 10,000 after 2 years at 7% simple interest?
1. Rs. 11,200
2. Rs. 11,400 ✓
3. Rs. 11,600
4. Rs. 11,800
59. A sum amounts to Rs. 6,500 in 3 years at 10% simple interest. What was the principal?
1. Rs. 4,500
2. Rs. 5,000 ✓
3. Rs. 5,500
4. Rs. 6,000
60. A sum amounts to Rs. 12,400 in 4 years at 6% simple interest. What was the principal?
1. Rs. 9,500
2. Rs. 10,000 ✓
3. Rs. 10,500
4. Rs. 11,000
61. What rate of simple interest will double a sum in 10 years?
1. 5%
2. 8%
3. 10% ✓
4. 12%
62. What rate of simple interest will triple a sum in 10 years?
1. 15%
2. 18%
3. 20% ✓
4. 25%
63. At simple interest, a sum doubles in 8 years. What is the annual rate?
1. 10%
2. 11.5%
3. 12.5% ✓
4. 15%
64. At simple interest, a sum becomes 1.5 times itself in 5 years. What is the annual rate?
1. 8%
2. 10% ✓
3. 12%
4. 15%
65. The simple interest on a sum for 5 years at 8% is Rs. 2,000. Find the principal.
1. Rs. 4,000
2. Rs. 5,000 ✓
3. Rs. 6,000
4. Rs. 7,000
66. The simple interest on a sum for 2 years at 12% is Rs. 960. Find the principal.
1. Rs. 3,000
2. Rs. 3,500
3. Rs. 4,000 ✓
4. Rs. 4,500
67. A sum of Rs. 7,500 earns Rs. 1,500 in 4 years at simple interest. Find the rate.
1. 4%
2. 5% ✓
3. 6%
4. 7%
68. A sum of Rs. 9,000 earns Rs. 2,700 in 5 years at simple interest. Find the rate.
1. 5%
2. 6% ✓
3. 7%
4. 8%
69. A sum amounts to Rs. 8,400 in 2 years at 10% simple interest. Find the principal.
1. Rs. 6,500
2. Rs. 7,000 ✓
3. Rs. 7,500
4. Rs. 8,000
70. A sum amounts to Rs. 11,500 in 3 years at 5% simple interest. Find the principal.
1. Rs. 9,000
2. Rs. 9,500
3. Rs. 10,000 ✓
4. Rs. 10,500
71. How long will Rs. 2,500 take to earn Rs. 750 at 10% simple interest?
1. 2 years
2. 2.5 years
3. 3 years ✓
4. 3.5 years
72. How long will Rs. 12,000 take to earn Rs. 3,600 at 6% simple interest?
1. 4 years
2. 5 years ✓
3. 6 years
4. 7 years
73. The amount is Rs. 14,000 and the principal is Rs. 10,000. What is the simple interest?
1. Rs. 3,000
2. Rs. 4,000 ✓
3. Rs. 5,000
4. Rs. 6,000
74. The amount is Rs. 9,600 and the principal is Rs. 8,000. What is the simple interest?
1. Rs. 1,200
2. Rs. 1,400
3. Rs. 1,600 ✓
4. Rs. 1,800
75. At 8% simple interest, what principal will earn Rs. 1,600 in 4 years?
1. Rs. 4,000
2. Rs. 4,500
3. Rs. 5,000 ✓
4. Rs. 5,500
76. At 5% simple interest, what principal will earn Rs. 1,250 in 5 years?
1. Rs. 4,000
2. Rs. 4,500
3. Rs. 5,000 ✓
4. Rs. 5,500
77. At what rate will Rs. 4,000 amount to Rs. 5,200 in 3 years at simple interest?
1. 8%
2. 9%
3. 10% ✓
4. 11%
78. At what rate will Rs. 6,000 amount to Rs. 7,800 in 4 years at simple interest?
1. 6%
2. 7%
3. 7.5% ✓
4. 8%
79. A principal of Rs. 10,000 earns Rs. 2,500 simple interest. If the rate is 5%, find the time.
1. 4 years
2. 5 years ✓
3. 6 years
4. 7 years
80. A principal of Rs. 8,000 earns Rs. 2,400 simple interest. If the rate is 10%, find the time.
1. 2 years
2. 2.5 years
3. 3 years ✓
4. 3.5 years
81. What is the compound interest on Rs. 1,000 at 10% per annum compounded annually for 2 years?
1. Rs. 210 ✓
2. Rs. 200
3. Rs. 231
4. Rs. 110
82. What is the compound interest on Rs. 2,000 at 10% per annum compounded annually for 2 years?
1. Rs. 400
2. Rs. 420 ✓
3. Rs. 462
4. Rs. 220
83. What is the compound interest on Rs. 5,000 at 10% per annum compounded annually for 2 years?
1. Rs. 1,000
2. Rs. 1,155
3. Rs. 1,050 ✓
4. Rs. 550
84. What is the compound interest on Rs. 10,000 at 5% per annum compounded annually for 2 years?
1. Rs. 1,000
2. Rs. 1,076.25
3. Rs. 525
4. Rs. 1,025 ✓
85. What is the compound interest on Rs. 4,000 at 20% per annum compounded annually for 2 years?
1. Rs. 1,760 ✓
2. Rs. 1,600
3. Rs. 2,112
4. Rs. 960
86. What is the compound interest on Rs. 8,000 at 10% per annum compounded annually for 3 years?
1. Rs. 2,400
2. Rs. 2,648 ✓
3. Rs. 2,912.80
4. Rs. 1,848
87. What is the compound interest on Rs. 5,000 at 20% per annum compounded annually for 2 years?
1. Rs. 2,000
2. Rs. 2,640
3. Rs. 2,200 ✓
4. Rs. 1,200
88. What is the compound interest on Rs. 10,000 at 10% per annum compounded annually for 3 years?
1. Rs. 3,000
2. Rs. 3,641
3. Rs. 2,310
4. Rs. 3,310 ✓
89. What is the compound interest on Rs. 2,000 at 5% per annum compounded annually for 2 years?
1. Rs. 205 ✓
2. Rs. 200
3. Rs. 215.25
4. Rs. 105
90. What is the compound interest on Rs. 2,500 at 10% per annum compounded annually for 2 years?
1. Rs. 500
2. Rs. 525 ✓
3. Rs. 577.50
4. Rs. 275
91. What is the compound interest on Rs. 4,000 at 5% per annum compounded annually for 3 years?
1. Rs. 600
2. Rs. 662.03
3. Rs. 630.50 ✓
4. Rs. 430.50
92. What is the compound interest on Rs. 3,000 at 10% per annum compounded annually for 3 years?
1. Rs. 900
2. Rs. 1,092.30
3. Rs. 693
4. Rs. 993 ✓
93. What is the compound interest on Rs. 6,000 at 10% per annum compounded annually for 2 years?
1. Rs. 1,260 ✓
2. Rs. 1,200
3. Rs. 1,386
4. Rs. 660
94. What is the compound interest on Rs. 10,000 at 20% per annum compounded annually for 2 years?
1. Rs. 4,000
2. Rs. 4,400 ✓
3. Rs. 5,280
4. Rs. 2,400
95. What is the compound interest on Rs. 8,000 at 5% per annum compounded annually for 2 years?
1. Rs. 800
2. Rs. 861
3. Rs. 820 ✓
4. Rs. 420
96. What is the compound interest on Rs. 5,000 at 8% per annum compounded annually for 2 years?
1. Rs. 800
2. Rs. 898.56
3. Rs. 432
4. Rs. 832 ✓
97. What is the compound interest on Rs. 20,000 at 10% per annum compounded annually for 2 years?
1. Rs. 4,200 ✓
2. Rs. 4,000
3. Rs. 4,620
4. Rs. 2,200
98. What is the compound interest on Rs. 1,000 at 20% per annum compounded annually for 3 years?
1. Rs. 600
2. Rs. 728 ✓
3. Rs. 873.60
4. Rs. 528
99. What is the compound interest on Rs. 2,500 at 20% per annum compounded annually for 2 years?
1. Rs. 1,000
2. Rs. 1,320
3. Rs. 1,100 ✓
4. Rs. 600
100. What is the compound interest on Rs. 4,000 at 25% per annum compounded annually for 2 years?
1. Rs. 2,000
2. Rs. 2,812.50
3. Rs. 1,250
4. Rs. 2,250 ✓
101. What is the compound interest on Rs. 10,000 at 5% per annum compounded annually for 3 years?
1. Rs. 1,576.25 ✓
2. Rs. 1,500
3. Rs. 1,655.06
4. Rs. 1,076.25
102. What is the compound interest on Rs. 6,000 at 15% per annum compounded annually for 2 years?
1. Rs. 1,800
2. Rs. 1,935 ✓
3. Rs. 2,225.25
4. Rs. 1,035
103. What is the compound interest on Rs. 8,000 at 25% per annum compounded annually for 2 years?
1. Rs. 4,000
2. Rs. 5,625
3. Rs. 4,500 ✓
4. Rs. 2,500
104. What is the compound interest on Rs. 12,000 at 10% per annum compounded annually for 2 years?
1. Rs. 2,400
2. Rs. 2,772
3. Rs. 1,320
4. Rs. 2,520 ✓
105. What is the compound interest on Rs. 5,000 at 12% per annum compounded annually for 2 years?
1. Rs. 1,272 ✓
2. Rs. 1,200
3. Rs. 1,424.64
4. Rs. 672
106. What is the compound interest on Rs. 2,000 at 25% per annum compounded annually for 3 years?
1. Rs. 1,500
2. Rs. 1,906.25 ✓
3. Rs. 2,382.81
4. Rs. 1,406.25
107. What is the compound interest on Rs. 10,000 at 8% per annum compounded annually for 2 years?
1. Rs. 1,600
2. Rs. 1,797.12
3. Rs. 1,664 ✓
4. Rs. 864
108. What is the compound interest on Rs. 15,000 at 10% per annum compounded annually for 2 years?
1. Rs. 3,000
2. Rs. 3,465
3. Rs. 1,650
4. Rs. 3,150 ✓
109. What is the compound interest on Rs. 3,000 at 20% per annum compounded annually for 2 years?
1. Rs. 1,320 ✓
2. Rs. 1,200
3. Rs. 1,584
4. Rs. 720
110. What is the compound interest on Rs. 4,000 at 10% per annum compounded annually for 4 years?
1. Rs. 1,600
2. Rs. 1,856.40 ✓
3. Rs. 2,042.04
4. Rs. 1,456.40
111. What is the compound interest on Rs. 2,500 at 5% per annum compounded annually for 4 years?
1. Rs. 500
2. Rs. 565.70
3. Rs. 538.77 ✓
4. Rs. 413.77
112. What is the compound interest on Rs. 8,000 at 15% per annum compounded annually for 2 years?
1. Rs. 2,400
2. Rs. 2,967
3. Rs. 1,380
4. Rs. 2,580 ✓
113. What is the compound interest on Rs. 10,000 at 12% per annum compounded annually for 2 years?
1. Rs. 2,544 ✓
2. Rs. 2,400
3. Rs. 2,849.28
4. Rs. 1,344
114. What is the compound interest on Rs. 6,000 at 20% per annum compounded annually for 2 years?
1. Rs. 2,400
2. Rs. 2,640 ✓
3. Rs. 3,168
4. Rs. 1,440
115. What is the compound interest on Rs. 5,000 at 10% per annum compounded annually for 5 years?
1. Rs. 2,500
2. Rs. 3,357.81
3. Rs. 3,052.55 ✓
4. Rs. 2,552.55
116. What is the compound interest on Rs. 20,000 at 5% per annum compounded annually for 2 years?
1. Rs. 2,000
2. Rs. 2,152.50
3. Rs. 1,050
4. Rs. 2,050 ✓
117. What is the compound interest on Rs. 4,000 at 50% per annum compounded annually for 2 years?
1. Rs. 5,000 ✓
2. Rs. 4,000
3. Rs. 7,500
4. Rs. 3,000
118. What is the compound interest on Rs. 1,000 at 10% per annum compounded annually for 4 years?
1. Rs. 400
2. Rs. 464.10 ✓
3. Rs. 510.51
4. Rs. 364.10
119. What is the compound interest on Rs. 16,000 at 25% per annum compounded annually for 2 years?
1. Rs. 8,000
2. Rs. 11,250
3. Rs. 9,000 ✓
4. Rs. 5,000
120. What is the compound interest on Rs. 9,000 at 10% per annum compounded annually for 2 years?
1. Rs. 1,800
2. Rs. 2,079
3. Rs. 990
4. Rs. 1,890 ✓
121. The simple interest on Rs. 10,000 at 10% for 2 years is:
1. Rs. 1,000
2. Rs. 1,500
3. Rs. 2,000 ✓
4. Rs. 2,100
122. The compound interest on Rs. 10,000 at 10% for 2 years is:
1. Rs. 2,000
2. Rs. 2,050
3. Rs. 2,100 ✓
4. Rs. 2,200
123. What is the difference between compound interest and simple interest on Rs. 10,000 at 10% for 2 years?
1. Rs. 50
2. Rs. 100 ✓
3. Rs. 150
4. Rs. 200
124. At 10% per annum, the difference between CI and SI for 2 years on Rs. 5,000 is:
1. Rs. 25
2. Rs. 50 ✓
3. Rs. 75
4. Rs. 100
125. A bank pays 8% simple interest. What interest will Rs. 15,000 earn in 2 years?
1. Rs. 2,000
2. Rs. 2,200
3. Rs. 2,400 ✓
4. Rs. 2,600
126. A person borrows Rs. 20,000 at 12% simple interest for 18 months. What is the interest?
1. Rs. 3,000
2. Rs. 3,400
3. Rs. 3,600 ✓
4. Rs. 4,000
127. A sum of Rs. 5,000 is invested at 10% compound interest annually for 2 years. What is the amount?
1. Rs. 5,900
2. Rs. 6,000
3. Rs. 6,050 ✓
4. Rs. 6,100
128. At 20% compound interest annually, what amount will Rs. 2,500 become after 2 years?
1. Rs. 3,500
2. Rs. 3,550
3. Rs. 3,600 ✓
4. Rs. 3,650
129. A sum becomes Rs. 12,100 in 2 years at 10% compound interest annually. What was the principal?
1. Rs. 9,000
2. Rs. 10,000 ✓
3. Rs. 10,500
4. Rs. 11,000
130. A sum becomes Rs. 14,400 in 2 years at 20% compound interest annually. What was the principal?
1. Rs. 9,000
2. Rs. 10,000 ✓
3. Rs. 11,000
4. Rs. 12,000
131. At what annual simple interest rate will Rs. 6,000 earn Rs. 1,800 in 5 years?
1. 5%
2. 6% ✓
3. 7%
4. 8%
132. A loan of Rs. 25,000 carries 8% simple interest for 3 years. What total amount must be repaid?
1. Rs. 30,000
2. Rs. 31,000 ✓
3. Rs. 32,000
4. Rs. 33,000
133. A student deposits Rs. 4,000 at 5% simple interest for 4 years. What amount will be received?
1. Rs. 4,600
2. Rs. 4,700
3. Rs. 4,800 ✓
4. Rs. 4,900
134. An investment of Rs. 8,000 earns 15% simple interest for 2 years. What is the final amount?
1. Rs. 9,800
2. Rs. 10,000
3. Rs. 10,400 ✓
4. Rs. 10,800
135. A sum of Rs. 10,000 earns Rs. 4,000 simple interest in 5 years. Find the annual rate.
1. 6%
2. 7%
3. 8% ✓
4. 9%
136. If a sum earns Rs. 2,400 at 8% simple interest in 3 years, what is the principal?
1. Rs. 8,000
2. Rs. 9,000
3. Rs. 10,000 ✓
4. Rs. 11,000
137. At 5% simple interest, in how many years will Rs. 12,000 earn Rs. 3,000?
1. 4 years
2. 5 years ✓
3. 6 years
4. 7 years
138. A sum invested at 10% compound interest becomes Rs. 13,310 after 3 years. What was the principal?
1. Rs. 9,000
2. Rs. 10,000 ✓
3. Rs. 11,000
4. Rs. 12,000
139. At 10% compound interest annually, what is the amount on Rs. 20,000 after 2 years?
1. Rs. 24,000
2. Rs. 24,100
3. Rs. 24,200 ✓
4. Rs. 24,400
140. At 5% compound interest annually, what is the amount on Rs. 8,000 after 2 years?
1. Rs. 8,600
2. Rs. 8,700
3. Rs. 8,800
4. Rs. 8,820 ✓
141. A sum of Rs. 10,000 is invested at 10% simple interest for 1 year and then the interest is withdrawn. What is the amount remaining as principal?
1. Rs. 9,000
2. Rs. 10,000 ✓
3. Rs. 10,500
4. Rs. 11,000
142. Which formula gives simple interest?
1. P + RT
2. PRT/100 ✓
3. P(1+r)^n
4. A − P only
143. Which formula gives the amount under simple interest?
1. P − SI
2. P + SI ✓
3. SI − P
4. P × SI
144. For compound interest compounded annually, the amount formula is:
1. P(1 + r/100)^n ✓
2. PRT/100
3. P + RT
4. P − SI
145. If the rate of simple interest doubles while principal and time remain unchanged, the interest will:
1. Remain unchanged
2. Double ✓
3. Triple
4. Become half
146. If the time of simple interest doubles while principal and rate remain unchanged, the interest will:
1. Become half
2. Remain unchanged
3. Double ✓
4. Quadruple
147. A sum earns Rs. 900 simple interest in 3 years and Rs. 1,500 in 5 years at the same rate. What is the interest for 1 year?
1. Rs. 200
2. Rs. 250
3. Rs. 300 ✓
4. Rs. 350
148. A sum earns Rs. 1,200 simple interest in 4 years. What is the interest for 7 years at the same rate?
1. Rs. 1,800
2. Rs. 2,000
3. Rs. 2,100 ✓
4. Rs. 2,400
149. At simple interest, if Rs. 5,000 becomes Rs. 6,500 in 3 years, what is the annual rate?
1. 8%
2. 9%
3. 10% ✓
4. 12%
150. At 10% compound interest annually, by what percentage does the amount increase in the first year?
1. 5%
2. 8%
3. 10% ✓
4. 20%