Simple & Compound Interest LAT MCQs

1. Question 1 of 50

   SI: P=Rs.4,500, R=6%, T=2 years. SI?

   A Rs.540 B Rs.450 C Rs.630 D Rs.600
2. Question 2 of 50

   SI: P=Rs.10,000, R=4%, T=2.5 years. SI?

   A Rs.1,000 B Rs.800 C Rs.1,200 D Rs.900
3. Question 3 of 50

   SI: P=Rs.3,600, R=5%, SI=Rs.540. T?

   A 3 years B 2 years C 4 years D 5 years
4. Question 4 of 50

   SI: P=Rs.8000, R=7.5%, T=2 years. SI?

   A Rs.1,200 B Rs.1,000 C Rs.1,400 D Rs.800
5. Question 5 of 50

   CI: P=Rs.2000, R=10%, T=3 years. Amount?

   A Rs.2,662 B Rs.2,600 C Rs.2,700 D Rs.2,800
6. Question 6 of 50

   CI: P=Rs.8000, R=5%, T=2 years. CI?

   A Rs.820 B Rs.800 C Rs.840 D Rs.760
7. Question 7 of 50

   CI: P=Rs.1000, R=10%, T=2 years. CI?

   A Rs.210 B Rs.200 C Rs.220 D Rs.100
8. Question 8 of 50

   P=Rs.5000, SI for 3 years = CI for 2 years. Rate?

   A 100% B 50% C 25% D 10%
9. Question 9 of 50

   SI: P=Rs.6,000, R=8%, T=3 years. Total Amount?

   A Rs.7,440 B Rs.7,000 C Rs.7,200 D Rs.7,800
10. Question 10 of 50

    CI: P=Rs.1000, R=20%, T=2 years. CI?

    A Rs.440 B Rs.400 C Rs.480 D Rs.420
11. Question 11 of 50

    CI: P=Rs.500, R=20%, T=3 years. Amount?

    A Rs.864 B Rs.800 C Rs.900 D Rs.700
12. Question 12 of 50

    CI: P=Rs.4000, R=5%, T=2 years. Amount?

    A Rs.4,410 B Rs.4,400 C Rs.4,200 D Rs.4,300
13. Question 13 of 50

    SI: P=Rs.2,000, T=4 years, SI=Rs.640. Rate?

    A 8% B 6% C 10% D 4%
14. Question 14 of 50

    CI quarterly: P=Rs.4000, R=8% annual, T=1 year. Amount?

    A Rs.4,329.73 B Rs.4,320 C Rs.4,300 D Rs.4,400
15. Question 15 of 50

    CI: P=Rs.3000, R=10%, T=2 years. Amount?

    A Rs.3,630 B Rs.3,600 C Rs.3,660 D Rs.3,500
16. Question 16 of 50

    SI: P=Rs.7,500, R=4%, T=5 years. Amount?

    A Rs.9,000 B Rs.8,500 C Rs.9,500 D Rs.8,000
17. Question 17 of 50

    Rs.1000 at SI of 5% for 4 years. Interest?

    A Rs.200 B Rs.150 C Rs.250 D Rs.100
18. Question 18 of 50

    CI: P=Rs.12,000, R=5%, T=2 years. CI?

    A Rs.1,230 B Rs.1,200 C Rs.1,260 D Rs.1,100
19. Question 19 of 50

    If SI doubles the principal in 8 years, rate is?

    A 12.5% B 10% C 8% D 15%
20. Question 20 of 50

    SI: P=Rs.9000, R=6%, T=3 years. SI?

    A Rs.1,620 B Rs.1,400 C Rs.1,800 D Rs.1,200
21. Question 21 of 50

    SI: P=Rs.1,800, R=8%, T=2.5 years. SI?

    A Rs.360 B Rs.288 C Rs.432 D Rs.320
22. Question 22 of 50

    CI half-yearly: P=Rs.1000, R=10% annual, T=1 year. Amount?

    A Rs.1,102.50 B Rs.1,100 C Rs.1,050 D Rs.1,200
23. Question 23 of 50

    SI = Rs.750, R=5%, T=3 years. Principal?

    A Rs.5,000 B Rs.4,000 C Rs.6,000 D Rs.3,000
24. Question 24 of 50

    Rs.1600 becomes Rs.2500 in n years at CI of 25%. n?

    A 2 years B 3 years C 4 years D 1 year
25. Question 25 of 50

    Difference between CI and SI for P=1000,R=10%,T=2 years?

    A Rs.10 B Rs.20 C Rs.5 D Rs.15
26. Question 26 of 50

    SI: P=Rs.7200, R=5%, T=3 years. Amount?

    A Rs.8,280 B Rs.8,000 C Rs.8,500 D Rs.7,800
27. Question 27 of 50

    SI: P=Rs.1000, R=10%, T=2 years. SI?

    A Rs.200 B Rs.100 C Rs.300 D Rs.400
28. Question 28 of 50

    SI: P=Rs.1,500, R=6%, T=5 years. Amount?

    A Rs.1,950 B Rs.1,800 C Rs.2,000 D Rs.1,700
29. Question 29 of 50

    CI: P=Rs.6000, R=10%, T=2 years. CI?

    A Rs.1,260 B Rs.1,200 C Rs.1,320 D Rs.1,100
30. Question 30 of 50

    SI = Rs.600, P=Rs.3000, T=2 years. Rate?

    A 10% B 8% C 12% D 5%
31. Question 31 of 50

    CI: P=Rs.15000, R=10%, T=2 years. Amount?

    A Rs.18,150 B Rs.18,000 C Rs.17,500 D Rs.18,500
32. Question 32 of 50

    SI: P=Rs.8000, Amount=Rs.9600, R=5%. T?

    A 4 years B 3 years C 5 years D 6 years
33. Question 33 of 50

    CI: P=Rs.10,000, R=10%, T=3 years. Amount?

    A Rs.13,310 B Rs.13,000 C Rs.13,100 D Rs.13,200
34. Question 34 of 50

    SI: R=12%, T=3 years, SI=Rs.900. P?

    A Rs.2,500 B Rs.2,000 C Rs.3,000 D Rs.2,200
35. Question 35 of 50

    SI: P=Rs.1200, Amount=Rs.1560, T=3 years. Rate?

    A 10% B 8% C 12% D 9%
36. Question 36 of 50

    Amount=Rs.1,200, SI=Rs.200, T=5 years. Rate?

    A 4% B 5% C 6% D 3%
37. Question 37 of 50

    CI: P=Rs.5000, R=4%, T=2 years. CI?

    A Rs.408 B Rs.400 C Rs.416 D Rs.380
38. Question 38 of 50

    SI: P=Rs.2,000, R=5%, T=4 years. Amount?

    A Rs.2,400 B Rs.2,200 C Rs.2,600 D Rs.2,800
39. Question 39 of 50

    CI: P=Rs.1000, R=5% half-yearly, T=1 year (2 periods). Amount?

    A Rs.1,102.50 B Rs.1,100 C Rs.1,050 D Rs.1,200
40. Question 40 of 50

    P=Rs.2500, R=4% SI, T=5 years. Total amount?

    A Rs.3,000 B Rs.2,800 C Rs.3,200 D Rs.2,600
41. Question 41 of 50

    P=Rs.2500, Amount=Rs.3000, T=2 years. Rate (SI)?

    A 10% B 8% C 12% D 6%
42. Question 42 of 50

    Difference CI−SI for P=Rs.5000, R=8%, T=2 years?

    A Rs.32 B Rs.40 C Rs.20 D Rs.50
43. Question 43 of 50

    SI: P=Rs.4000, R=7.5%, T=4 years. Amount?

    A Rs.5,200 B Rs.5,000 C Rs.5,400 D Rs.4,800
44. Question 44 of 50

    SI: P=Rs.5000, R=8%, T=3 years. SI?

    A Rs.1,200 B Rs.1,000 C Rs.1,400 D Rs.800
45. Question 45 of 50

    CI: P=Rs.1000, R=10%, T=1 year. CI?

    A Rs.100 B Rs.110 C Rs.200 D Rs.50
46. Question 46 of 50

    CI: P=Rs.2000, R=15%, T=2 years. CI?

    A Rs.645 B Rs.600 C Rs.630 D Rs.690
47. Question 47 of 50

    Difference CI−SI for P=1000, R=10%, T=3 years?

    A Rs.31 B Rs.30 C Rs.33 D Rs.20
48. Question 48 of 50

    In how many years Rs.1000 becomes Rs.1600 at SI of 10%?

    A 6 years B 5 years C 8 years D 4 years
49. Question 49 of 50

    Which gives more: SI or CI for same P,R,T (T>1)?

    A CI B SI C Same D Depends
50. Question 50 of 50

    In how many years will Rs.2000 double at SI of 10%?

    A 10 years B 8 years C 12 years D 5 years

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