Simple Interest and Compound Interest Multiple Choice Questions and Answers:

## Simple and Compound Interest Quiz

Question 1 |

8529 | |

8952 | |

8259 | |

8925 |

Question 2 |

Rs. 780 | |

Rs. 800 | |

Rs. 900 | |

Rs. 825 |

Question 3 |

5% | |

6% | |

4% | |

7% |

Question 4 |

Rs. 4,800 | |

Rs. 8,400 | |

Rs. 7,200 | |

Rs. 5,000 |

Question 5 |

29848 | |

24984 | |

29844 | |

29484 |

Question 6 |

5% | |

6.75% | |

10% | |

2.5% |

Question 7 |

Rs. 620 | |

Rs. 575 | |

Rs. 675 | |

Rs. 600 |

Question 8 |

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9.5 | |

8 | |

10 | |

8.5 |

Question 9 |

Rs. 11,000 | |

Rs. 13,000 | |

Rs. 10,000 | |

Rs. 15,000 |

Question 10 |

Rs. 825 | |

Rs. 800 | |

Rs. 780 | |

Rs. 900 |

Question 11 |

Rs. 400 | |

Rs. 500 | |

Rs. 450 | |

Rs. 420 |

Question 12 |

Rs. 2,000 | |

Rs. 1,799 | |

Rs. 234 13 | |

Rs. 169.25 |

Question 13 |

8% | |

12% | |

10% | |

15% |

Question 14 |

Rs. 1381 | |

Rs. 1451 | |

Rs. 1151 | |

Rs. 1261 |

Question 15 |

9 1/4 years | |

8 years | |

7.5 years | |

6 years |

Question 16 |

45 years | |

30 years | |

60 years | |

40 years |

Question 17 |

3 1/3% | |

5% | |

2% | |

4% |

Question 18 |

0.5% | |

1% | |

1.5% | |

2% |

Question 19 |

3985 | |

3147 | |

3284 | |

3451 |

Question 20 |

17,225 litres | |

18,200 litres | |

15,234 litres | |

16,245 litres |

Question 21 |

6.75% | |

10% | |

2.5% | |

5% |

Question 22 |

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Rs. 1.3 lakhs | |

Rs. 1.1 lakhs | |

Rs. 1.2 lakhs | |

Rs. 1 lakhs |

Question 23 |

none of these | |

Rs. 1000 | |

Rs. 1500 | |

Rs. 1200 |

Question 24 |

Rs. 6400 | |

Rs. 1200 | |

Rs. 320050 | |

none of these |

Question 25 |

Rs. 3,225 | |

Rs. 3,750 | |

Rs. 5,000 | |

Rs. 4,335 |

Question 26 |

309 | |

320 | |

None of these | |

318 |

Question 27 |

Rs. 8,400 | |

Rs. 7,200 | |

Rs. 4,800 | |

Rs. 5,000 |

Question 28 |

Rs. 4,500 | |

Rs. 7,500 | |

Rs. 6,000 | |

Rs. 6,500 |

Question 29 |

7% | |

4% | |

6% | |

5% |

Question 30 |

10% | |

15% | |

5% | |

None of these |

Question 31 |

Rs. 1000 | |

Rs. 500 | |

Rs. 225 | |

Rs. 150 |

Question 32 |

15 | |

20 | |

5 | |

10 |

Question 33 |

Rs. 50.20 | |

Rs. 20.20 | |

Rs. 20.00 | |

Rs. 25.00 |

Question 34 |

40 years | |

30 years | |

60 years | |

45 years |

Question 35 |

1 ½ years | |

3 years | |

½ years | |

2/3 years |

Question 36 |

Rs. 125 | |

Rs. 123.25 | |

Rs. 124.25 | |

Rs. 25 |

Question 37 |

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10 | |

15 | |

5 | |

20 |

Question 38 |

Rs. 125.75 | |

Rs. 100 | |

Rs. 225 | |

Rs. 215.75 |

Question 39 |

Rs 1653 | |

None of these | |

Rs 1356 | |

Rs 1536 |

Question 40 |

1.5% | |

0.5% | |

2% | |

1% |

Question 41 |

Rs. 12,500 | |

Rs. 24,000 | |

Rs. 23,050 | |

Rs. 26,700 |

Question 42 |

Rs. 4240 | |

Rs. 4620 | |

Rs. 4950 | |

Rs. 4830 |

Question 43 |

3 years | |

2.5 years | |

2 years | |

3.5 years |

Question 44 |

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Rs. 450 | |

Rs. 400 | |

Rs. 500 | |

Rs. 420 |

Question 45 |

Rs. 300 | |

Rs. 350 | |

Rs. 250 | |

Rs. 400 |

Question 46 |

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Rs 12500 | |

Rs 12000 | |

Rs 11500 | |

Rs 10000 |

Question 47 |

225 and 350 | |

1200 and 1300 | |

130 and 175 | |

none of these |

Question 48 |

None of these | |

Rs 1000 | |

Rs 1006 | |

Rs 996 |

Question 49 |

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Rs. 1600 | |

Rs. 1200 | |

Rs. 2400 | |

Rs. 2000 |

Question 50 |

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Rs. 12,500 | |

Rs. 23,050 | |

Rs. 24,000 | |

Rs. 26,700 |

Question 51 |

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2 years | |

3 years | |

2.8 years | |

1.5 years |

Question 52 |

6 ½ years | |

7 ½ years | |

7 years | |

5 ½ years |

Question 53 |

Rs. 6,000 | |

Rs. 6,500 | |

Rs. 4,500 | |

Rs. 7,500 |

Question 54 |

3% | |

51% | |

4% | |

6% |

Question 55 |

6000 | |

5555.20 | |

5600 | |

5842.90 |

Question 56 |

3672 | |

3772 | |

3872 | |

3972 |

Question 57 |

Rs. 1,648 | |

Rs. 1,667 | |

Rs. 1,655 | |

Rs. 1,659 |

Question 58 |

15,234 litres | |

16,245 litres | |

17,225 litres | |

18,200 litres |

Question 59 |

Rs. 25,670 | |

Rs. 31,250 | |

Rs. 35,400 | |

Rs. 30,550 |

Question 60 |

5% | |

18% | |

12% | |

4% |

Question 61 |

Rs. 7,000 | |

Rs. 6,200 | |

Rs. 6,000 | |

Rs. 6,400 |

Question 62 |

Rs. 13,000 | |

Rs. 11,000 | |

Rs. 15,000 | |

Rs. 10,000 |

Question 63 |

15% | |

10% | |

18% | |

12% |

Question 64 |

Rs. 6400 | |

Rs. 6600 | |

Rs. 6200 | |

Rs. 5600 |

Question 65 |

5% | |

2% | |

4% | |

10% |

**How does simple interest work?**

Simple interest is calculated only on the original principal amount/quantity.

**How does compounding interest work?**

Compound Interest is calculated each period based on the original principal as well as any interest accrued in previous periods.

It’s good questions

Is this Vernon Dudley?

I am Ekramun Nahar Ani .My id 201-11-998. My comment is this chapter is Mathematics of Finance. I learn this lesson and some math korlam .After it is very easy topic in Business Mathematics. Then I learnt Compound interest ,Simple interest etc. Now I korlam Simple and compound interst quiz korasi. My Score is 58%. Thak you sir .