Interest – Aptitude MCQ Questions – 01 Posted on July 9, 2020July 9, 2020 by admin Question 1Find the simple interest on Rs. 5200 for 2 years at 6% per annum. A. Rs. 450 B. Rs. 524 C. Rs. 600 D. Rs. 624 Question 2What 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? A. Rs. 5 B. Rs. 10 C. Rs. 20 D. Rs. 40 E. None of these Question 3Find the difference between the simple interest and the compound interest at 5% per annum for 2 years on principal of Rs. 2000. A. 5 B. 10.5 C. 4.5 D. 5.5 E. None of these Question 4Find the rate of interest if the amount after 2 years of simple interest on a capital of Rs. 1200 is Rs. 1440. A. 8% B. 9% C. 10% D. 11% E. 12% Question 5Find the principal if the interest compounded at the rate of 10% per annum for two years is Rs. 420. A. Rs. 1000 B. Rs. 2200 C. Rs. 2000 D. Rs. 1100 E. Rs. 1200 Question 6Rs. 2100 is lent at compound interest of 5% per annum for 2 years. Find the amount after two years. A. Rs. 2300 B. Rs. 2315.25 C. Rs. 2310 D. Rs. 2320 E. None of these Question 7Interest obtained on a sum of Rs. 5000 for 3 years is Rs. 1500. Find the rate percent. A. 8% B. 9% C. 10% D. 11% E. 12% Question 8Find the compound interest on Rs. 1000 at the rate of 20% per annum for 18 month when interest is compounded half yearly. A. Rs. 331 B. Rs. 1331 C. Rs. 320 D. Rs. 325 E. None of these Question 9Rs. 1200 is lent out at 5% per annum simple interest for 3 years. Find the amount after 3 years. A. Rs. 1380 B. Rs. 1290 C. Rs. 1470 D. Rs.1200 E. Rs. 1240 Question 10What 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? A. Rs. 269.5 B. Rs. 283 C. Rs. 273 D. Rs. 280 E. None of these