# Simple interest-Compound interest TNPSC Group 2 2A Questions

## Simple interest-Compound interest MCQ Questions

1.

In how much time will a sum of ₹ 1600 amount to ₹ 1852.20 at 5% per annum compound interest

Group 1 - 2019, Group 2 - 2018

A.

2 years

B.

3 years

C.

4 years

D.

5 years

B. 3 years

2.

Calculate the compound interest on ₹ 9,000 in 2 years when the rate of interest for successive years are 10% and 12% respectively

Group 1 - 2019

A.

₹ 1,188

B.

₹ 2,088

C.

₹ 4,396

D.

₹ 2,596

B. ₹ 2,088

3.

A certain sum of money in simple interest scheme amounts to ₹ 8,880 in 6 years and ₹ 7,920 in 4 years respectively. Find the principal and rate percent

Group 1 - 2019

A.

Principal = 6,000, rate = 8%

B.

Principal = 6,600, rate = 8%

C.

Principal = 6,000, rate = 7%

D.

Principal = 6,600, rate = 7%

A. Principal = 6,000, rate = 8%

4.

Find the simple interest on ₹ 7, 500 at 8% per annum per 1 year 6 months.

Group 4 - 2019

A.

₹ 600

B.

₹ 700

C.

₹ 800

D.

₹ 900

D. ₹ 900

5.

At what rate of interest a sum of money doubles itself in 10 years in simple interest?

Group 4 - 2019

A.

10%

B.

20%

C.

50%

D.

25%

A. 10%

6.

At what rate of interest compound interest per annum will Rs.640 amount to Rs.774.40 in 2 years

Group 2 - 2018

A.

8%

B.

9%

C.

10%

D.

11%  