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Following are some of the multiple choice questions on the practice-mcq-question-on-interest with answers that will help the students in developing their knowledge.
(1)Find the simple interest on Rs. 5200 for 2 years at 6% per annum.
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(2)Rs. 1200 is lent out at 5% per annum simple interest for 3 years. Find the amount after 3 years.
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(3)Interest obtained on a sum of Rs. 5000 for 3 years is Rs. 1500. Find the rate percent.
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(4)Rs. 2100 is lent at compound interest of 5% per annum for 2 years. Find the amount after two years.
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(5)Find the difference between the simple interest and the compound interest at 5% per annum for 2 years on principal of Rs. 2000.
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(6)Find the rate of interest if the amount after 2 years of simple interest on a capital of Rs. 1200 is Rs. 1440.
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(7)What is the difference between the simple interest on a principal of Rs. 500 being calculated at 5% per annum for 3 years and 4% per annum for 4 years?
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(8)What is the simple interest on a sum of Rs. 700 if the rate of interest for the first 3 years is 8% per annum and for the last 2 years is 7.5% per annum?
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(9)Find the compound interest on Rs. 1000 at the rate of 20% per annum for 18 month when interest is compounded half yearly.
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(10)Find the principal if the interest compounded at the rate of 10% per annum for two years is Rs. 420.
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(11)What is the rate of simple interest for the first 4 years if the sum of Rs. 360 becomes Rs. 540 in 9 years and the rate of interest for the last 5 years is 6%?
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(12)What will be the simple interest on Rs. 700 at 9% per annum for the period from February 5, 1994 to April 18, 1994?
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(13)Asif borrows Rs. 1500 from two moneylenders. He pays interest at the rate of 12% per annum for one loan and at the rate of 14% per annum for the other. The total interest he pays for the entire year is Rs. 186. How much does he borrow at the rate of 12%
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(14)A sum was invested at simple interest at a certain interest for 2 years. It would have fetched Rs. 60 more had it been invested at 2% higher rate. What was the sum?
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(15)The difference between simple and compound interest on a sum of money at 20% per annum for 3 years is Rs. 48. What is the sum?