Quantitative Aptitude - MCQ Practice Questions

Suresh lent ₹10,000 to his friend for 2 years at 12% simple interest. However, he withdrew ₹3,000 after 1 year and re-lent it at 15% for the remaining 1 year. What is the total interest earned?

A sum of money becomes ₹5,500 in 3 years and ₹6,500 in 5 years at simple interest. What is the principal and the rate of interest per annum?

Mohan invested a certain sum at simple interest. If he had invested ₹5,000 more at the same rate, he would have earned ₹1,200 more interest in 4 years. What is the rate of interest per annum?

A merchant borrowed ₹25,000 at 10% simple interest. He lent the entire amount to another person at 12% simple interest. After 5 years, what is his gain?

Raj invested ₹12,000 at 8% per annum compound interest. What will be the amount after 2 years?

A sum of money doubles itself at 10% per annum compound interest. In how many years will it double?

Priya borrowed ₹50,000 from a bank at 12% per annum compound interest compounded semi-annually. What is the amount she needs to repay after 1 year?

The compound interest on ₹8,000 at 15% per annum for 2 years is how much less than the simple interest on the same sum at the same rate and period?

At what rate per annum will ₹25,000 amount to ₹29,160 in 2 years at compound interest?

A company invested ₹40,000 in a scheme offering 10% per annum compound interest. If the interest is compounded quarterly, what will be the maturity amount after 1 year?

What is the difference between compound interest and simple interest on ₹5,000 at 12% per annum for 3 years?

A principal amount becomes ₹15,625 after 3 years at 25% per annum compound interest. What was the original principal?

Vikram invested ₹20,000 at 6% per annum compound interest for 3 years, and Deepak invested the same amount at 8% per annum compound interest for 2 years. Who earned more interest and by how much?

A sum of money invested at 20% per annum compound interest becomes ₹2,88,000 in 2 years. If the same sum is invested at 10% per annum simple interest for 3 years, what will be the total amount?

A shirt marked at ₹800 is sold at a discount of 15%. What is the selling price?

If the price of milk increases from ₹40 per liter to ₹50 per liter, what is the percentage increase?

A student scored 72 marks out of 120 in an exam. What is the percentage of marks obtained?

A shopkeeper buys an item for ₹250 and wants to earn a profit of 20%. At what price should the item be sold?

The population of a town was 50,000 last year. If it increased by 8% this year, what is the current population?

A mobile phone is marked at ₹15,000. A customer gets successive discounts of 10% and 5%. What is the final price?