Selected MCQ

Current Question
If Rs. 17400 amounts to Rs. 1783.50 interest in 2 years, find the rate?
  • A. 8%
  • B. 6%
  • C. 4%
  • D. 5%
Correct Answer: D
Explanation:
Using the CI formula gives an approximation. 5%.
Related Question 1
A sum of Rs. 2500 amounts to Rs. 3875 in 4 years. Find the rate of simple interest.
  • A. 12.25%
  • B. 12%
  • C. 6%
  • D. 13.75%
Correct Answer: D
Explanation:
SI = 1375 ⇒ rate = 13.75%.
Related Question 2
The simple interest on Rs. 12000 for 5 years is Rs. 7200. Find the compound interest for the same period and rate.
  • A. Rs. 3502.80
  • B. Rs. 3052.40
  • C. Rs. 3054.80
  • D. Rs. 3052.80
Correct Answer: D
Explanation:
Rate = 12%, apply the compound interest formula.
Related Question 3
If the difference between compound and simple interest for 2 years is Rs. 50 on Rs. 1000, find the rate?
  • A. 5%
  • B. 10%
  • C. 7%
  • D. 8%
Correct Answer: A
Explanation:
Difference = P(R/100)² → R = 5%.
Related Question 4
A loan of Rs. 1200 at simple interest equals years equal to rate. Find rate.
  • A. 3.6
  • B. 6
  • C. 18
  • D. Cannot determine
Correct Answer: B
Explanation:
The SI formula gives a rate of 6%.
Related Question 5
Compound interest for the second and third years is Rs. 1200 and Rs. 1440. Find rate.
  • A. 18%
  • B. 22%
  • C. 20%
  • D. 24%
Correct Answer: C
Explanation:
The ratio gives 20%.