**Simple Interest - Compound Interest - Topic Wise Multiple Choice Questions (MCQ)**

**Online Topic Wise Simple Interest and Compound Interest MCQ for competitive exam Practice Multiple Choice Questions for IBPS SSC Online Test Private Job Interview **

1 )

**Out of a sum of Rs 850, a part was lent at 6% SI and the other at 12% SI. If the interest on the first part after 2 years is equal to the interest on the second part after 4 years, then the second sum is**

155 * *

160 * *

165 * *

170 * *** ✔**

175 * *

2 )

**A sum of Rs. 550 was taken as a loan. This is to be paid back in two equal installments. If the rate of interest be 20% compounded annually, then the value of each installment is :**

360 * *** ✔**

345 * *

365 * *

355 * *

350 * *

3 )

**A certain sum of money amounts to Rs.1300 in 2 years and to Rs. 1525 in 3.5 years. Find the sum and the rate of interest.**

Rs950,15% * *

Rs1000,15% * *** ✔**

Rs800, 13% * *

Rs900, 12% * *

Rs850, 10% * *

4 )

**The simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:**

1655 * *

1700 * *

1750 * *** ✔**

1785 * *

1800 * *

5 )

**A Woman took a loan of Rs. 15,000 to purchase a mobile. She promised to make the payment after three years. The company charges CI at 20% per annum for the same. But, suddenly the company announces the rate of interest as 25% per annum for the last one year of the loan period. What extra amount she has to pay due to the announcement of new rate of interest?**

1120 * *

1155 * *

1060 * *

1080 * *** ✔**

1090 * *