## A person got Rs.48 more when he invested a certain sum at compound interest instead of simple interest for two years at 8% p.a. Find the sum?

A. Rs.7500

B. Rs.7000

C. Rs.8000

D. Rs.6500

### Answer

Correct Answer: **A. Rs.7500 **

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# Category: Compound Interest MCQs

## A person got Rs.48 more when he invested a certain sum at compound interest instead of simple interest for two years at 8% p.a. Find the sum?

### Answer

## The compound and the simple interests on a certain sum at the same rate of interest for two years are Rs.11730 and Rs.10200 respectively. Find the sum.

### Answer

### Detail About MCQs

## What is the difference between the compound interest on Rs.12000 at 20% p.a. for one year when compounded yearly and half yearly?

### Answer

## The simple interest on Rs.12000 at a certain rate of interest in five years is Rs.7200. Find the compound interest on the same amount for five years at the same rate of interest.

### Answer

## Rayan invested certain amount for two rates of simple interests at 6% p.a. and 7% p.a. What is the ratio of Rayan’s investments if the interests from those investments are equal?

### Answer

### Detail About MCQs

## Afnan wants to borrow Rs.6000 at rate of interest 6% p.a. at S.I and lend the same amount at C.I at same rate of interest for two years. What would be his income in the above transaction?

### Answer

## Shohaib invested Rs. 8000 in a scheme for 2 years at compound interest rate 5% p.a. How much amount will Shohaib get on maturity of the fixed deposit?

### Answer

### Detail About MCQs

## What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12% p.a.?

### Answer

### Detail About MCQs

## A man saves Rs. 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years?

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### Detail About MCQs

## Hafeez invested Rs. 15000 @ 10% per annum for one year. If the interest is compounded half-yearly, then the amount received by Hafeez at the end of the year will be?

### Answer

### Detail About MCQs

A. Rs.7500

B. Rs.7000

C. Rs.8000

D. Rs.6500

Correct Answer: **A. Rs.7500 **

A. Rs.18000

B. Rs.17000

C. Rs.18500

D. Rs.17500

Correct Answer: **B. Rs.17000 **

The simple interest for the first year is 10200/2 is Rs.5100 and compound interest for the first year also is Rs.5100. The compound interest for the second year on Rs.5100 for one year

So rate of the interest = (100 * 1530)/ (5100 * 1) = 30% p.a.

So P = (100 * 10200)/ (30 * 2) = Rs.17000

A. Rs.140

B. Rs.120

C. Rs.130

D. Rs.110

Correct Answer: **B. Rs.120 **

A. Rs.3502.80

B. Rs.3052.40

C. Rs.3054.8

D. Rs.3052.80

Correct Answer: **D. Rs.3052.80 **

A. 4: 3

B. 3: 2

C. 6: 5

D. 7: 6

Correct Answer: **D. 7: 6 **

Let x be the investment of Rayan in 6% and y be in 7%

x(6)(n)/100 = y(7)(n)/100

=> x/y = 7/6

x : y = 7 : 6

A. Rs.21.60

B. Rs.24.00

C. Rs.25.20

D. Rs.27.80

Correct Answer: **A. Rs.21.60 **

A. Rs. 8600

B. Rs. 8620

C. Rs. 8800

D. None of these

Correct Answer: **D. None of these **

Amount = [8000 * (1 + 5/100)^{2}]

= 8000 * 21/20 * 21/20

= Rs. 8820

A. Rs. 9000.30

B. Rs. 9720

C. Rs. 10123.20

D. Rs. 10483.20

Correct Answer: **C. Rs. 10123.20 **

Amount = [25000 * (1 + 12/100)^{3}]

= 25000 * 28/25 * 28/25 * 28/25 = Rs. 35123.20

C.I. = (35123.20 – 25000) = Rs. 10123.20

A. Rs. 565.25

B. Rs. 635

C. Rs. 662.02

D. Rs. 666.50

Correct Answer: **C. Rs. 662.02 **

Amount = [200(1 + 5/100)^{3} + 200(1 + 5/100)^{2} + 200(1 + 5/100)]

= [200 * 21/20(21/20 * 21/20 + 21/20 + 1)] = Rs. 662.02

A. Rs. 16,500

B. Rs. 16,525.50

C. Rs. 16,537.50

D. Rs. 18,150

Correct Answer: **C. Rs. 16,537.50 **

P = Rs. 15000; R = 10% p.a. = 5% per half-year; T = 1 year = 2 half-year

Amount = [15000 * (1 + 5/100)^{2}]

= (15000 * 21/20 * 21/20) = Rs. 16537.50