
Simple and Compound Interest Quiz
Authored by Sethu Ram
Mathematics
Professional Development

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount (in Rs) received at 10% per annum compound interest after 3 yrs is Rs 1,19,790. What was the principal?
90000
1,00,000
80000
75000
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the total earning after 2 years from ₹ 18,750 on variable compound interest if the rate of interest for the first 4 year is 4% and for the second, it is 8%?
₹ 1,740
₹ 1,760
₹ 1,670
₹ 2,310
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In how many months will Rs 8,000 yield Rs 2,648 as compound interest at 20% per annum compounded semi-annually?
18
24
12
30
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the rate of interest (in %) if simple interest earned on a certain sum for the 3rd year is Rs 2,000 and compound interest earned in 2 years is Rs 4,160?
8
10
12
6
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
On what sum of money. the interest for one year at 12% p.a. compounded half yearly is ₹ 1,545?
₹ 12,500
₹ 12,875
₹ 25,750
₹ 24,300
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A sum of ₹800 invested on simple interest becomes ₹1200 in 8 years. What will be simple interest for 6 years on the sum at the same rate of interest?
₹240
₹210
₹250
₹300
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A sum of ₹2000 is invested on simple interest for three years at the rate of 10% per annum,then the amount will be:
₹2900
₹2600
₹2300
₹2500
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