Compound Interest in Aptitude MCQ Quiz (Multiple Choice Questions And Answers)
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41. A certain sum of money is invested for one year at a certain rate of simple interest. If the rate of interest is 3% higher, then the invest earned will be 25% more than the interest earned earlier. What is the earlier rate of interest?
- 12% p.a.
- 14% p.a.
- 11% p.a.
- 13% p.a.
42. The simple interest accrued on an amount Rs.10,000 at the end of two years is same as the compound interest on Rs.8,000 at the end of two years. The rate of interest is same in both the cases. What is the rate of interest?
- 50% p.a.
- 25% p.a.
- 26% p.a.
- 56% p.a.
43. Rs.4500 amounts to Rs.5544 in two years at compound interest, compounded annually. If the rate of the interest for the first year is 12%, find the rate of interest for the second year?
- 0.1
- 0.2
- 0.05
- 0.25
44. How much time will take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?
- 4 years
- 3 years
- 2 years
- 4 years
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