CET 12th Level — Simple & Compound Interest MCQs
Practice 20 free simple & compound interest multiple choice questions for CET 12th Level exam. Instant answers with explanations in Hindi and English.
Master Simple & Compound Interest under Arithmetic for CET 12th Level with our curated MCQ set. Every question follows real Rajasthan exam patterns. Switch between Hindi and English anytime.
CET 12th Level — Arithmetic — Simple & Compound Interest
20 Questions • Instant results & explanations • Hindi & English
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Question 1 of 20
What is the ratio of simple interest earned on a certain amount at a rate of 21% per annum for 8 years to that earned on the same sum at the same rate for 21 years?
Question 2 of 20
The difference in simple interest from two banks on Rs. 8000 in 3 years is Rs. 800. If the rates of interest per annum in the two banks are r1 and r2, then what is the value of (r1 - r2)?
Question 3 of 20
A person borrowed some money on simple interest and after 3 years he returned 4/3 of the money to the lender. What was the rate of interest?
Question 4 of 20
Let x be the simple interest earned on Rs. 2800 at 10% per annum for 3 years, and 1736 is the simple interest earned on Rs. 6200 at 14% per annum for y years. What is the value of x/y?
Question 5 of 20
Ramesh borrowed some money at a rate of 5% per annum for the first 4 years, 8% per annum for the next 6 years, and 12% per annum for the period beyond 10 years. If the total interest paid by him at the end of 12 years is Rs. 9016, find the sum borrowed by Ramesh.
Question 6 of 20
If an amount of Rs. 80 becomes Rs. 96 in 2 years in a bank account which gives simple interest, then an amount of Rs. 62000 will become how much after 5 years at the same rate?
Question 7 of 20
A certain sum amounts to Rs. 7656 in 4 years and Rs. 8120 in 5 years at a certain rate of simple interest per annum. What is the rate of interest?
Question 8 of 20
Rajesh invested Rs. 10000 in two different investment schemes A and B at simple interest rates of 8% and 10% per annum respectively. If the total interest earned in 2 years is Rs. 1680, what is the amount invested in scheme A?
Question 9 of 20
A sum becomes 4 times of itself in 12 years at a certain rate of simple interest per annum. In how much time will it become 11 times of itself?
Question 10 of 20
What is the compound interest on a sum of Rs. 6000 for 2 years if the rate of interest for the first year is 2.5% per annum and for the second year is 2% per annum?
Question 11 of 20
The difference between the compound interest and simple interest on a sum of Rs. 7200 at a certain rate of interest after 2 years is Rs. 162. What is the rate of interest per annum?
Question 12 of 20
Anita borrowed ₹400 from her friend at 12% per annum simple interest for 2.5 years. What is the total interest paid by her?
Question 13 of 20
A person borrowed ₹8500 at 9% per annum simple interest. How much money will he have to pay at the end of 2.5 years to clear the debt?
Question 14 of 20
A sum of money amounts to ₹2200 in 2 years and ₹2300 in 3 years at simple interest. Find the sum.
Question 15 of 20
At what rate of simple interest per annum will ₹4500 amount to ₹5400 in 3 years?
Question 16 of 20
A sum of ₹2000 amounts to ₹2600 in 5 years at a certain rate of simple interest. If the rate of interest is increased by 3%, what will be the new amount?
Question 17 of 20
Deepak borrowed ₹6500 from Amit at simple interest. After 4 years, Deepak paid ₹2080 more than the borrowed amount. Find the rate of interest per annum.
Question 18 of 20
A sum of money triples itself in 30 years at simple interest. What is the rate of interest per annum?
Question 19 of 20
The simple interest rate on a sum is increased from 6.5% to 8% per annum, resulting in an increase of ₹40.50 in the annual income. Find the principal sum.
Question 20 of 20
The simple interest on a sum for 7 years is ₹1750. If the rate of interest was 2% more, how much more interest would it yield?
More Arithmetic Subtopics
Practice other subtopics under Arithmetic to strengthen your CET 12th Level preparation.